2300 N 2Nd St, Philadelphia, PA 19133
- Industrial land
- 0.05 lot acres
Current Use by Public Records
- George W. Sharswood / High School
- Sharswood Head Start / High School / Daycare Center
Property Details for 2300 N 2Nd St
- Lot size
- 0.05 lot acres
- Zone code
- CMX2.5
- Property type
- Industrial land
- APN
- 88-5-9346-40
- APU
- 885934640
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 1, 2024 | $950,000 | Gsa North 2nd Holdings LLC | H Berstein And Co INC | Warranty Deed | — |
Description
This exceptional Philadelphia property at 2300-2316 N 2nd St offers a unique blend of immediate income potential and significant long-term development upside. The 21,000 square foot lot, zoned CMX-2.5, presents multiple redevelopment options, including the potential for up to 108 residential units above ground-floor commercial space and parking. This is a fully detached property, providing flexibility for design and construction. Its strategic location in a rapidly developing Philadelphia neighborhood, surrounded by N 2nd St, W Dauphin St, and N Philip St, places it amidst ongoing new construction and benefits from the surging demand for housing among young professionals priced out of nearby established neighborhoods like Fishtown, Northern Liberties, and Olde Kensington. The property's current configuration as a fenced lot allows for immediate income generation through truck parking rental or contractor storage, providing a revenue stream while development plans are finalized and permits are secured. The area's growth is further fueled by the addition of new retail amenities, including grocery stores and gyms, ensuring continued appreciation. This presents an outstanding opportunity for investors seeking both short-term returns and substantial long-term appreciation. The asking price is $1,750,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $950,000
- ML approach
- $950,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1365
- Latitude
- 39.9855
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
