2401 North St Philadelphia, PA 19133
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 2401 North St
- Property type
- Apartment buildings
Description
This exceptional 86,575 sq ft lot in Philadelphia, PA (zip code 19133), presents a unique multifamily development opportunity. Located just a short walk from Temple University's main and medical campuses, this two-acre parcel offers unparalleled access to a large student population. Previously approved for 259 assisted living or market-rate housing units (approvals expired, but reinstatement is possible), this site boasts a low acquisition cost of under $25 per square foot, making it financially attractive for various development projects. Its central urban location provides convenient access to SEPTA's Regional Rail system and Amtrak, connecting to New York City. The asking price is $2,200,000, with a price per unit of $19,298.25 based on the previously approved unit count. The property's address is 2401 North St, Philadelphia, Philadelphia County, Pennsylvania. This is a rare chance to acquire a substantial land parcel in a high-demand area with significant potential for substantial returns. The site's proximity to major transportation hubs and educational institutions makes it an ideal location for a variety of housing developments. Investors should note that while previous approvals exist, the variance process will need to be repeated for any new development plans.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1399
- Latitude
- 39.9938
