709-17 N Penn St, Philadelphia, PA 19123
Local realty services provided by:CENTURY 21 Charles Smith Agency, Inc.
709-17 N Penn St,Philadelphia, PA 19123
$12,000,000
- 2.13 Acres
- Lots / Land
- Active
Listed by: david m cohen
Office: compass pennsylvania, llc.
MLS#:PAPH2646864
Source:BRIGHTMLS
Price summary
- Price:$12,000,000
About this home
**Amazing Development Opportunity in Center City**
Discover an unparalleled development opportunity at 709-17 North Penn Street, perfectly positioned on the waterfront in Center City. This prime location offers a versatile investment for either resale or long-term hold, currently available for $15,500,000. Alternatively, you can choose to purchase half of the development, with options to buy and build the (47) unit multi-unit side or the (12) luxury townhome side. Separate pricing is available upon inquiry.
**Flexible Purchase Options:**
- **Seller Incentives:** The seller is willing to purchase back your first two townhomes to assist with pre-sales, offering a unique advantage to developers.
- **Owner Financing:** The seller is open to owner financing, providing flexibility to get you into the deal with less cash out of pocket.
- **Creative Solutions:** The seller is committed to making this project as lucrative as possible, offering creative solutions tailored to your needs.
**Development Highlights:**
- **By-Right Build:** Construct 60 units on the water, fully compliant with zoning codes.
- **Projected Resale Value:** Estimated at $68,000,000, this high-density project is a sound investment.
- **Comprehensive Site Plan:** The waterfront site includes a 47-unit building, 12 luxury townhomes, a separate one-story commercial space, and 35 additional parking spaces, alongside two-car garage townhomes.
- **Building Specifications:** The plan allows for construction up to 84 ft (7 stories).
**Approvals and Reports:**
- **Zoning and Permits:** Approval submitted in April 2022, with CDR + REO approved. Zoning permits are expected within 3-4 months.
- **Environmental and Geotechnical Reports:** Preliminary StormWater Approvals obtained, with geotech report, phase 1, and phase 2 environmental tests available for review.
Join the wave of billions of dollars in development on the waterfront surrounding this project. This is a rare opportunity to invest in a high-demand area with significant growth potential. Contact us today to explore this exceptional development opportunity and discuss how we can make it work for you....
Contact an agent
Home facts
- Listing ID #:PAPH2646864
- Added:61 day(s) ago
- Updated:September 11, 2026 at 03:35 PM
Structure and exterior
- Lot area:2.13 Acres
- Lot Features:Bulkheaded, Level
Schools
- High school:KENSINGTON
- Middle school:GENERAL PHILIP KEARNY
- Elementary school:GENERAL PHILIP KEARNY
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$12,000,000
- Tax amount:$97 (2025)
New listings near 709-17 N Penn St
- Coming Soon
$1,475,000Coming Soon3 beds 2 baths2,000 sq. ft.262 S 16th St #4, PHILADELPHIA, PA 19102
MLS# PAPH2633528Listed by: COMPASS PENNSYLVANIA, LLC - Coming Soon
$310,000Coming Soon3 beds 2 baths1,328 sq. ft.5540 Miriam Rd, PHILADELPHIA, PA 19124
MLS# PAPH2667718Listed by: RE/MAX MAIN LINE-WEST CHESTER - Coming Soon
$365,000Coming Soon3 beds 3 baths1,450 sq. ft.238 E Mount Pleasant Ave, PHILADELPHIA, PA 19119
MLS# PAPH2667854Listed by: COMPASS PENNSYLVANIA, LLC - Coming Soon
$450,000Coming Soon4 beds 2 baths1,860 sq. ft.433 N 41st St, PHILADELPHIA, PA 19104
MLS# PAPH2669616Listed by: LYL REALTY GROUP - Coming Soon
$475,000Coming Soon17 beds 5 baths5,130 sq. ft.6047 & 6049 Chestnut St, PHILADELPHIA, PA 19139
MLS# PAPH2667432Listed by: BHHS FOX & ROACH - CHESTER - Coming Soon
$149,999Coming Soon3 beds 2 baths3,304 sq. ft.5602-08 Devon St, PHILADELPHIA, PA 19138
MLS# PAPH2669406Listed by: KELLER WILLIAMS REAL ESTATE-LANGHORNE - Coming Soon
$625,000Coming Soon3 beds 3 baths2,878 sq. ft.2030 E Arizona St, PHILADELPHIA, PA 19125
MLS# PAPH2664842Listed by: SERHANT PENNSYLVANIA LLC - Coming Soon
$389,900Coming Soon2 beds 2 baths1,400 sq. ft.2631 Ellsworth St, PHILADELPHIA, PA 19146
MLS# PAPH2668860Listed by: REALTY WORLD PROPERTIES, INC. - Coming Soon
$189,900Coming Soon-- beds 1 baths504 sq. ft.210 Locust St #9ew, PHILADELPHIA, PA 19106
MLS# PAPH2669490Listed by: ALLAN DOMB REAL ESTATE - Coming Soon
$399,999Coming Soon6 beds 3 baths2,519 sq. ft.4642 Greene St, PHILADELPHIA, PA 19144
MLS# PAPH2667160Listed by: REAL OF PENNSYLVANIA