56-62 N 60th St,PHILADELPHIA, PA 19139
PHILADELPHIA, PA 19139
Description
Loonstyn Brothers Realty LLC is pleased to present the opportunity to acquire 56-62 N 60thStreet, a 4,320-square-foot corner development site located in the Haddington section of WestPhiladelphia. Positioned at the southwest corner of N 60th and Arch Streets, the property issituated one block north of Market Street and within close proximity to neighborhood retail, publictransportation, and established residential blocks. The property consists of four contiguous tax parcels currently operated together as a 14-spacesurface parking lot. The level, approximately rectangular site offers roughly 64 feet of frontagealong N 60th Street and approximately 67 feet along Arch Street. Its corner configuration, existingcurb access, street visibility, and access to municipal utilities provide a functional foundation for afuture development program, subject to a purchaser's independent investigation and all requiredapprovals. The site is zoned CMX-2, Neighborhood Commercial Mixed-Use, a classification intended toaccommodate neighborhood-serving commercial activity together with residential uses. Theexisting zoning provides a potential path for mixed-use redevelopment, while the site's physicalcharacteristics may appeal to purchasers evaluating residential-oriented development concepts.All prospective purchasers should independently verify permitted uses, dimensional requirements,allowable density, ground-floor use requirements, parking requirements, and any zoning relief thatmay be necessary for their proposed plans. Until redevelopment occurs, the property benefits from its existing parking operation. Theappraisal reports that the lot contains 14 spaces and has historically operated at or near fulloccupancy, providing a purchaser with the potential for interim income while evaluating plans,design, financing, and approvals. The continued operation and economics of the parking useshould be independently verified by prospective purchasers. The property is located approximately one block from the 60th Street station on SEPTA's Market-Frankford Line, providing direct rail access to University City, Center City, and the 69th Street Transportation Center. Additional SEPTA bus service is available along N 60th Street and nearbyMarket, Chestnut, Walnut, and Spruce Streets.With four contiguous parcels, a prominent corner location, CMX-2 zoning, existing parking income,and convenient access to public transportation, 56-62 N 60th Street offers investors anddevelopers a flexible urban infill opportunity in West Philadelphia.
Details
| MLS # | PAPH2650326 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract-bright |
| Days On Site | 65 |
| Listing Provided By | Loonstyn Brothers Realty LLC | Joseph M. Loonstyn Jr. |
Features
| Zoning | CMX2 |
|---|---|
| Acreage | 0.10 |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 257 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19139 |
| Area | 19139 (19139) |
| School District | PHILADELPHIA CITY |
| High School | WILLIAM SAYER |
| Listing VS Median (in 19139) | |
Price: $175,000 low | high Med: $159,900 On site: 65 low | high Med: 69 | |
Market Activity 19139
Request a showing
Request a showing
Contact
Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19139 |
| Area | 19139 (19139) |
| School District | PHILADELPHIA CITY |
| High School | WILLIAM SAYER |
| Listing VS Median (in 19139) | |
Price: $175,000 low | high Med: $159,900 On site: 65 low | high Med: 69 | |
