355 Price St Philadelphia, PA 19144

This exceptional 1.42-acre parcel in Philadelphia, Pennsylvania, presents a compelling investment opportunity for the development of a self-storage facility. Located at 355 E Price St, Philadelphia, PA 19144, this property is situated in a high-growth area with a population exceeding 300,000 within a three-mile radius. The site boasts a significant advantage: self-storage development is permitted, allowing for a building up to five stories. This zoning characteristic, combined with the current low self-storage space per capita (under 5 square feet within a five-mile radius), indicates a substantial unmet demand for storage solutions. The asking price is $1,199,000. The property's location within a Top 10 Metropolitan Statistical Area (MSA) and Philadelphia's robust economy further enhance its investment potential. The potential for a multi-story self-storage development promises significant returns, capitalizing on the area's limited storage options and growing population. This is a rare opportunity to acquire land zoned for a high-demand, high-return business in a thriving urban environment. The property is ideally suited for an investor seeking to develop a modern, multi-story self-storage facility to meet the increasing needs of the Philadelphia community.