2254-60 N 3rd St, Philadelphia, PA 19133
Local realty services provided by:ERA Martin Associates
2254-60 N 3rd St,Philadelphia, PA 19133
$940,000
- 0.14 Acres
- Lots / Land
- Active
Listed by: christopher k somers, eric r fargnoli
Office: kw empower
MLS#:PAPH2628348
Source:BRIGHTMLS
Price summary
- Price:$940,000
About this home
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....
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Home facts
- Subdivision & Development:NORRIS SQUARE
- Listing ID #:PAPH2628348
- Added:97 day(s) ago
- Updated:September 07, 2026 at 01:47 PM
Structure and exterior
- Lot area:0.14 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$940,000
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