Description
We're very pleased to make available this rare VACANT LAND development opportunity. Located at 304 Cherry in the heart of Old City Philadelphia: The most Historic Square Mile in the USA. This LOT offers 20.5' x 82' of developable space, The AIR RIGHTS included in this offering allow the upper levels to be 20.5' wide, (allowing for FOUR exposures to sunlight / windows on all four sides or property), and also allows for bump-outs (cantilevers) over adjacent alley, at sides, and rear of the lot. Zoning is CMX3 (one of the least restrictive zoning classifications - over 50+ uses "by right") - permitted uses include TWO FAMILY, MULTI FAMILY and OTHER USES include some LIVE/WORK SPACE, OFFICE, DOCTOR OFFICE, RETAIL SALES, and COMMERCIAL SERVICES opportunities, Single Room Occupancy and more - please see City Zoning Guide for more info and confirm with your attorney. Built into this transaction is the ability for the developer to use an adjacent space as staging for the build. For developers looking to expand on this opportunity - this offering is adjacent to another development opportunity, please see MLS#: PAPH947500 for more info - or call your local friendly Realtor. Buyer to verify tax amounts. Seller is motivated.
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0BEDS
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0.04ACRES
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0BATHS
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01/2 BATHS
Description
We're very pleased to make available this rare VACANT LAND development opportunity. Located at 304 Cherry in the heart of Old City Philadelphia: The most Historic Square Mile in the USA. This LOT offers 20.5' x 82' of developable space, The AIR RIGHTS included in this offering allow the upper levels to be 20.5' wide, (allowing for FOUR exposures to sunlight / windows on all four sides or property), and also allows for bump-outs (cantilevers) over adjacent alley, at sides, and rear of the lot. Zoning is CMX3 (one of the least restrictive zoning classifications - over 50+ uses "by right") - permitted uses include TWO FAMILY, MULTI FAMILY and OTHER USES include some LIVE/WORK SPACE, OFFICE, DOCTOR OFFICE, RETAIL SALES, and COMMERCIAL SERVICES opportunities, Single Room Occupancy and more - please see City Zoning Guide for more info and confirm with your attorney. Built into this transaction is the ability for the developer to use an adjacent space as staging for the build. For developers looking to expand on this opportunity - this offering is adjacent to another development opportunity, please see MLS#: PAPH947500 for more info - or call your local friendly Realtor. Buyer to verify tax amounts. Seller is motivated.
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