3037 N 5th St, Philadelphia, PA 19133

Property Description

Development opportunity for builders and investors in the Fairhill section of Philadelphia. This vacant lot measures approximately 18 x 100 or about 1,800 square feet and offers rare street to street access creating strong flexibility for development including rear parking access or potential subdivision. Zoned CMX 2.5 which allows mixed use development with a maximum building height of approximately 55 feet and up to 75 percent lot coverage, creating the potential for a four to five story building with roughly 5,400 to 6,700 square feet of buildable space depending on design. Ideal for a developer looking to construct a mixed use building with commercial space below and residential units above or a multi unit residential project depending on layout and approvals. The surrounding area continues to see steady redevelopment and new construction with convenient access to major corridors, public transportation and neighborhood amenities. Property is being sold as is and buyer is responsible for city certification and verifying zoning, subdivision potential and permitted uses.