625-35 E Wister St | Philadelphia, PA 19144
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625-35 E Wister St
Philadelphia, PA 19144
700 E Church Lane & 625-35 E Wister Street · Land For Sale · 8.49 AC
Investment Highlights
- An +8.50 Acre Infill Development Opportunity
- Opportunity to Increase Development Density
- Transit Oriented, Dynamic Eds and Meds Location
- Strong Rental Submarket Fundamentals & Resiliency Fuel Long Term Growth
Executive Summary
Newmark is pleased to present the opportunity to acquire 700 East Church Lane and 625-35 East Wister Street, (the “Sites” and the “Properties”) a rare infill development opportunity located along the east side of Church Lane, near the intersection with Chew Avenue in the East Germantown section of the City of Philadelphia. The Properties are comprised of two sites totaling approximately 8.5 acres located on the western side of the campus of LaSalle University. The Properties’ current zoning of RSA-1 permits attached, semi-attached and detached residential development; however there are several sites that are either adjacent or nearly adjacent to the Properties which have RM-2 zoning, which allows higher density development, including multifamily residential. The Sites offer visibility from and access off Church Lane, and is a unique opportunity to assemble a sizeable development site adjacent to a premier university and proximate to major “Eds and Meds” employers with the opportunity for multiple development scenarios.
PROPERTY FACTS
Sale Type | Investment | Property Subtype | Residential |
No. Lots | 2 | Total Lot Size | 8.49 AC |
Property Type | Land |
Sale Type | Investment |
No. Lots | 2 |
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 8.49 AC |
2 Lots Available
Lot
Lot Size | 4.24 AC |
Lot Size | 4.24 AC |
700 East Church Lane is a rectangular-shaped site encompassing +4.24 acres, which is currently utilized as an athletic field.
Lot
Lot Size | 4.25 AC |
Lot Size | 4.25 AC |
625-35 East Wister is a +4.25 acre vacant, unimproved site located directly adjacent to 700 E. Church.
PROPERTY TAXES
Parcel Number | 122035211 | Improvements Assessment | £0 |
Land Assessment | £667,607 | Total Assessment | £667,607 |
PROPERTY TAXES
Parcel Number
122035211
Land Assessment
£667,607
Improvements Assessment
£0
Total Assessment
£667,607
zoning
Zoning Code | RSA-1 (Residential Single-Family Attached Districts) |
RSA-1 (Residential Single-Family Attached Districts) |
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