2123 Broad StPhiladelphia, PA 19122

This exceptional 19,200 square foot development parcel is located at 2123 N Broad St, Philadelphia, PA 19122, within the North Broad District and Temple University submarket. Zoned CMX-25, this property offers a compelling opportunity to construct a 22-unit (44-bed) multifamily building with 700 square feet of commercial space. The site benefits from its proximity to Temple University, Philadelphia's largest university, ensuring strong rental demand. Its transit-oriented location further enhances its appeal. This development site is eligible for a 10-year tax abatement, allowing for payment of taxes on the assessed land value only during that period. The asking price is $949,999, presenting an attractive land basis for a sound investment thesis in a high-growth area supported by robust rental fundamentals. The property is situated in a Qualified Opportunity Zone (QOZ), offering additional investment incentives. This is a rare chance to capitalize on the thriving Temple University submarket and its consistent student population.