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16th St - 16TH & CALLOWHILL/HAMILTON
1.47 Acres of Commercial Land Offered at £27,614,999 in Philadelphia, PA 19107
Investment Highlights
- Two adjacent sites totaling 63,717 SF that run from the corner of 16th & Callowhill north to 16th & Hamilton
- Centrally located in the middle of an area experiencing a massive development boom
- Sits in the heart of Logan Square neighborhood, directly across from Callowhill, steps from Broad Street and Philadelphia's Central Business District.
- Three extremely large frontages
- Prime opportunity to develop any high-rise possibility including mixed-use, multi-family, hotel, office
Executive Summary
Property Facts
| Price | £27,614,999 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.47 AC |
| Property Type | Land | Cross Streets | Callowhill/Hamilton |
| Price | £27,614,999 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.47 AC |
| Cross Streets | Callowhill/Hamilton |
1 Lot Available
Lot
| Price | £27,614,999 | Lot Size | 1.47 AC |
| Price Per AC | £18,847,256 |
| Price | £27,614,999 |
| Price Per AC | £18,847,256 |
| Lot Size | 1.47 AC |
Description
MPN Realty, Inc., is proud to present two adjacent sites totaling 63,717 SF that run from the corner of 16th & Callowhill north to 16th & Hamilton. Boasting three extremely large frontages — 422’ on 16th Street; 100’ on Hamilton Street, and 171’ on Callowhill — this site is situated in a opportune location that is in the middle of a massive development boom. It is a prime location for any high-rise possiblity, including but not limited to, mixed-use (superb locale for a grocer), multi-family, hotel, office (great spot for a life-science building). The site sits in the heart of the Logan Square neighborhood, directly across from Callowhill, steps from Broad Street and Philadelphia’s Central Business District as well as Philadelphia’s famous Art Museum district. It also is next to the next phase of the Rail Park, deemed “The Cut”. The parcels are currently zoned CMX-4 which allows for neighborhood-serving retail and service uses, and multi-family residential uses. With such a significant size of vacant land, there are numerous options to increase density for new construction. Additionally, to maximize the value, a Buyer may consider trying to upzone the parcel to get more FAR.
PROPERTY TAXES
| Parcel Number | 885915420 | Improvements Assessment | £0 |
| Land Assessment | £12,866,065 | Total Assessment | £12,866,065 |
PROPERTY TAXES
zoning
| Zoning Code | CMX4 (primarily intended to accommodate mixed-use development, including a broad range of non-residential uses, in the Center City area.) |
| CMX4 (primarily intended to accommodate mixed-use development, including a broad range of non-residential uses, in the Center City area.) |
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Kenneth Mallin -
MPN Realty
Presented by
16th St - 16TH & CALLOWHILL/HAMILTON
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