$249,000
Excellent development opportunity on a 10,000+ SF vacant lot in Northwest Philadelphia, located less than two blocks from busy Germantown Avenue and the neighborhood’s commercial corridor. The site is surrounded by shops, schools, markets, public transportation, and everyday conveniences, with strong access to Center City Philadelphia and major routes including I-76.
A major advantage here is that the heavy zoning lift has already been done. The Zoning Board of Adjustment has approved a variance for a proposed 21-unit apartment building consisting of 9 one-bedroom units, 9 two-bedroom units, 3 three-bedroom units, and 11 on-site parking spaces. Instead of starting from square one with entitlement risk, a buyer can focus on planning, permitting, and moving the project forward. Buyer to confirm all approvals independently. Documentation can be provided upon request.
This pocket of Northwest Philadelphia has long shown strong demand for residential rentals, making the approved unit mix attractive for a developer seeking scale in a proven rental market. In addition to multifamily development, the lot may offer potential commercial or institutional uses such as adult care, personal care, educational, medical, dental, healthcare, or similar uses, subject to any required variance, special exception, use registration permit, and buyer due diligence.
A rare chance to step into a project with approvals already in place and a clear path toward development.
70 E Wister St, Philadelphia
Listing courtesy of KW Empower. Contact: vicki@kwempower.com
