Investments Sales Management

1428 CALLOWHILL STREET 32

PHILADELPHIA , PA 19102

MLS#: PAPH814550

$7,500,000

Status: Closed
Listing number: PAPH814550
Listing provided by: Keller Williams Philly
Listing agent phone: None
Last update: 2 years ago
On site: 4 years ago
Browse Properties
CENTER CITY - Land

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Lot size

0.27 acres

This is a prime development site in Center City. This is across from the new police headquarters at the Inquirer Building, and possesses the most sought after zoning in Philadelphia, CMX5, this lot is 11,749 Sq Ft. Environmental reports have been completed by React Environmental. Feasibility report completed by Design Blendz. Seller open to review all offers within reason.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

  • Waterfront YN

    NO

  • View

    City, Panoramic, Other

Area & Lot

  • Lot Features

    Level

  • Lot Size(acres)

    0.27

  • Property Type

    Land

Price

  • Sales Price

    $7,500,000

  • Tax Amount

    15147.0

  • Zoning

    The most sought after zoning in Philadelphia, This zoning is the designation used to build sky scrapers.

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

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Location

County

PHILADELPHIA

Elementary School

Middle School

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Listing Courtesy of Stephen D. Stafford , Keller Williams Philly

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Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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This is a prime development site in Center City. This is across from the new police headquarters at the Inquirer Building, and possesses the most sought after zoning in Philadelphia, CMX5, this lot is 11,749 Sq Ft. Environmental reports have been completed by React Environmental. Feasibility report completed by Design Blendz. Seller open to review all offers within reason.

1428 CALLOWHILL STREET 32

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Related Properties

Sited just 4 blocks north of Philadelphia City Hall, 1428 Callowhill Street is centrally located in the urban core of Philadelphia, Pennsylvania — a “Top 10” USA MSA. Convenient access to Septa’s Suburban Station provides accessibility to the full regional rail and underground subway network throughout PHL. The PA Convention Center is just 2 blocks South. The Market Street West CBD (Philly’s top-tier office district) is also just 4 blocks south. A previously approved concept featured 162-apartments atop 2 floors of underground parking. However, as you’ll see in the real-time article linked below, mandatory parking is no longer included in CM4-5 zones — eliminating a costly construction variable for developers. Currently, the site generates ±$100k/annually on a short-term parking basis via ParkMobile. In-place income satisfies the short term for developers seeking to alter the previously approved 162-unit concept. Alternative lower-cost construction models are incorporated in the pages below in “as of right” scenarios WITHOUT mandatory parking inclusions. The composition of the proposed ±104K SF, 12-storey, elevator building includes studio, 1bd + 2bd apartments with a blended average rent of $2267 per unit ($4.73/PSF). A deluxe lobby with mezzanine, fitness center and roof terrace complete the micro-amenity suite for The Property. 1428 Callowhill presents a Core, urban-infill, high-rise trophy development opportunity in the heart of Downtown Philadelphia — where extreme high barriers-to-entry exist and rental demand outpaces supply, particularly for Class-A apartment stock.
#PAPH2533526

PHILADELPHIA

1428 CALLOWHILL STREET

None Beds

None Baths

0.26 acres

$8,000,000

MLS#: PAPH2533526

- property

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