$930,000
 $4,992 est/mo Sourced by Back At You

2254-60 N 3rd St,PHILADELPHIA, PA 19133

PHILADELPHIA, PA 19133

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Description

Rare corner development opportunity in Norris Square featuring approved zoning plans and permits for a mixed-use building with 27 residential units and 1 commercial space, located within a Qualified Opportunity Zone (QOZ). The approved unit mix consists of 17 two-bedroom/two-bath units, 10 one-bedroom/one-bath units, and a ground-floor commercial space. The property currently includes a 6,120 SF masonry and steel building with high ceilings and two overhead doors, offering immediate flexibility for owner-users, storage, light industrial use, or rental income while development plans are executed. The existing zoning permit remains active through February 2029, allowing ample time to move forward with construction. In addition to the approved plans, a by-right alternative development concept has been prepared for 32 residential units plus 1 commercial space, consisting of 12 two-bedroom/two-bath units, 12 one-bedroom/one-bath units, and 8 studio apartments, providing additional density potential without requiring zoning relief. An exceptional opportunity for developers and investors seeking a new construction project with long-term upside in one of Philadelphia's rapidly evolving neighborhoods.

Details

MLS #PAPH2628348
Listing TypeFor Sale
Sub-TypeResale
StatusActive-bright
Days On Site127
Listing Provided ByKW Empower | Christopher K Somers

Features

ZoningCMX2
Acreage0.14

Parking

Garage Yes / NoNo

Taxes

Tax Annual Amount0

Area Information

StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19133
Area19133 (19133)
Community NameNORRIS SQUARE
School DistrictPHILADELPHIA CITY
Listing VS Median (in NORRIS SQUARE)
Price:
$930,000
low | high
Med:
$85,000
100% of Average
On site:
127
low | high
Med:
6
100% of Average
Sourced by Back At You

Market Activity 19133

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Learn More About This Property

Class-Harlan Real Estate

Class-Harlan Real Estate

 (215) 348-8111info@classharlan.com
StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19133
Area19133 (19133)
Community NameNORRIS SQUARE
School DistrictPHILADELPHIA CITY
Listing VS Median (in NORRIS SQUARE)
Price:
$930,000
low | high
Med:
$85,000
100% of Average
On site:
127
low | high
Med:
6
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $697K - $1.162M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
2414-38 N BODINE ST Property Photo 1
$899,000
2414-38 N Bodine St
Philadelphia, PA 19133
417 W CUMBERLAND ST Property Photo 1
$1,100,000
417 W Cumberland St
Philadelphia, PA 19133
Listing Updated: October 5, 2026 at 9:28:49 PM PDT
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