50 Spring Garden St, Philadelphia, PA 19123

$3,999,999
List Price
$3,999,999
Days on Market
14
Status
ACTIVE
MLS#
PAPH2181256
Lot Size (Acres)
0.2
County
Philadelphia
School District
The School District Of Philadelphia

Property Description

Introducing 50SG, a turnkey development site in Philadelphia's most vibrant district — Northern Liberties (aka NoLibs). This shovel-ready multifamily development site is surrounded by some of Philly's newest and most notable developments, with billions of dollars in new real estate projects actively being constructed. Look no further than Spring Garden Street, as national developers and local developers alike are currently filling the gaps between the historic Old City neighborhood, the subject Northern Liberties neighborhood, and Fishtown — Philly's epicenter of cool + culture. Plans and permits are on file to build a 62-unit apartment building with prominent ground floor retail/commercial (3300 SF), 1200 SF luxury lobby, 1000 SF 2nd floor fitness center, 1270 SF penthouse club room, 900 SF river-facing rooftop terrace, Amazon package room, bike room (21 bicycles), and more. The majority of the units feature private balconies. The 56,000 SF development has an approved building height (7-storeys) of roughly 85'. Full 10 year tax abatement. Ideal 1-bedroom and 2-bedroom unit mixture. Walkable to Septa train (Spring Garden Station — 2 blocks), Delaware River Waterfront (1 block), and all of the beloved shops, restaurants, cafes, bars and amenities in Northern Liberties, Old City and Fishtown. The site is adjacent to Delaware Avenue (aka Columbus Boulevard) which connects to Interstates 76, 676 and 95, as well as Spring Garden Street which runs east-west directly into Center City (downtown). The proposed development will feature sweeping water vistas and skyline views. This is an ultra-prime, turnkey new development site in a transit-oriented location in The City's most prolific submarket for 2022+. Enquire within for permits, plans, pro forma (PPP).

Additional Information

Area
19123 (19123)
School District
The School District Of Philadelphia
View
City, River
Water
Public
Sewer
Public Sewer

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Listing courtesy of Compass Pennsylvania, LLC. Contact: (267) 380-5813