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Listed by Jonathan Tori • Addison Real Estate Company Inc
$ 1,800,000
Est. payment | /mo
8,275 Sqft Lot
$ 1,800,000
Est. payment | /mo
8,275 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2621410
HOA Y/N N
Annual Tax Amount $13,450
Tax Year 2025
Lot Size 8,275 Sqft
Acres 0.19
Lot Dimensions 76X90
Property Sub-Type Land
Source BRIGHT
Property Description
Approved 6-lot residential subdivision opportunity in the heart of Newbold / Passyunk Crossing. The property is currently identified as 1328–36 S Broad Street and has been subdivided into six approved residential lots with pending addresses of 1331–41 S Carlisle Street.
RSA-5 zoning approvals, subdivision approvals, approved deeds, curb cut access from Reed Street, and recorded rear access easements are already in place, significantly reducing entitlement risk and pre-development timelines for an experienced urban residential developer.
The site's unique corner positioning and 12-foot rear access easement create the potential for larger-format luxury residential homes with approximately 2,900+/- square feet of living area and rare two-car rear-access parking configurations. The layout supports a differentiated product type not commonly available in surrounding South Philadelphia infill developments.
Located steps from Passyunk Avenue, Broad Street, and Center City Philadelphia, the surrounding market has demonstrated strong absorption for premium new construction product, with nearby luxury residential comps supporting potential outsale pricing exceeding the $1M range depending on final design, specifications, and parking configuration.
This is a rare opportunity to acquire a substantially de-risked residential development site in one of Philadelphia's most consistently active and supply-constrained residential submarkets. Subdivision plans, approved deeds, easement documentation, and zoning information available upon request
RSA-5 zoning approvals, subdivision approvals, approved deeds, curb cut access from Reed Street, and recorded rear access easements are already in place, significantly reducing entitlement risk and pre-development timelines for an experienced urban residential developer.
The site's unique corner positioning and 12-foot rear access easement create the potential for larger-format luxury residential homes with approximately 2,900+/- square feet of living area and rare two-car rear-access parking configurations. The layout supports a differentiated product type not commonly available in surrounding South Philadelphia infill developments.
Located steps from Passyunk Avenue, Broad Street, and Center City Philadelphia, the surrounding market has demonstrated strong absorption for premium new construction product, with nearby luxury residential comps supporting potential outsale pricing exceeding the $1M range depending on final design, specifications, and parking configuration.
This is a rare opportunity to acquire a substantially de-risked residential development site in one of Philadelphia's most consistently active and supply-constrained residential submarkets. Subdivision plans, approved deeds, easement documentation, and zoning information available upon request
Location
State PA
County Philadelphia
Area 19145 (19145)
Zoning RSA5
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Cable TV Available
Water Access N
View Street
Garage N
Building
Sewer Public Sewer, Sewer Tap Fee
Water Public
Schools
School District Philadelphia City
Others
Tax ID 885759120
Ownership Fee Simple
Horse Property N
Special Listing Condition Standard
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