Philadelphia, PA

Property Type: Development Site
Size: Development Site
Price: See Broker for Details
CAP: See Broker for Details

Highlights:

  • 2018-2026 Sansom Street
  • Extremely Rare Development Opportunity in Center City
  • Walking Distance to Rittenhouse Square, Suburban Station, and Major Essential Retailers
  • Desirable CMX-4 Zoning, Which Allows for Many Uses, Including Multifamily, Retail & Hospitality
  • Property is Located in a Historically Designated District of Philadelphia
  • Philadelphia's 10-Year Tax Abatement Program Available: Current Program Allows a 100% Abatement in Year 1, and a 10% Reduction Each Subsequent Year

Description:

Marcus & Millichap is pleased to present for sale 2018-2026 Sansom Street. Located in the heart of Center City - just two blocks from the prestigious Rittenhouse Square. The Property totals 16,686 SF and is situated on a 7,378 SF lot, and extends block-to-block from Sansom to Moravian.

The subject property is zoned CMX-4, which is one of the most desirable designations. CMX-4 allows for a multitude of uses, including multifamily, retail and hospitality.

Property is located in a historically designated district of Philadelphia.

2018-2026 Sansom Street represents a rare opportunity to acquire a generational development site in an irreplaceable Center City location.


Full Summary:

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