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Listed by David cohen • Compass Pennsylvania, LLC
$13,000,000
Est. payment /mo
0.57 Acres Lot
New
417-423 N CHRIS COLUMBUS BLVD Philadelphia, PA 19123
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Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2576266
HOA Y/N N
Annual Tax Amount $36,376
Tax Year 2025
Lot Size 0.570 Acres
Acres 0.57
Lot Dimensions 107.00 x 244.00
Property Sub-Type Land
Source BRIGHT
Property Description
2 Acres on Waterfront In Prime Location
for Development
By-Right Development Potential
Pier25 is a by-right development site permitting a broad range of uses, including multifamily, for-sale residential, retail, office, and hotel. A recent highest-and-best-use analysis identifies multifamily residential with supporting commercial uses as the optimal development strategy. The property has also received prior development approvals, further enhancing its entitlement profile.
Compelling Investment Opportunity
Shifting demographic, cultural, and economic trends continue to favor urban, waterfront living, positioning Pier25 as a highly attractive long-term investment. The site offers a rare opportunity to acquire a prime waterfront parcel at today's market pricing, with significant upside potential as market conditions and demand drivers continue to strengthen. These fundamentals are expected to support sustained growth in residential and mixed-use development along Philadelphia's Central Waterfront.
for Development
By-Right Development Potential
Pier25 is a by-right development site permitting a broad range of uses, including multifamily, for-sale residential, retail, office, and hotel. A recent highest-and-best-use analysis identifies multifamily residential with supporting commercial uses as the optimal development strategy. The property has also received prior development approvals, further enhancing its entitlement profile.
Compelling Investment Opportunity
Shifting demographic, cultural, and economic trends continue to favor urban, waterfront living, positioning Pier25 as a highly attractive long-term investment. The site offers a rare opportunity to acquire a prime waterfront parcel at today's market pricing, with significant upside potential as market conditions and demand drivers continue to strengthen. These fundamentals are expected to support sustained growth in residential and mixed-use development along Philadelphia's Central Waterfront.
Location
State PA
County Philadelphia
Area 19123 (19123)
Zoning CMX3
Interior
Inclusions The restaraunt Bar that is open seasonally is Cavanaugh Currently has a year to year lease . The lease pays $250, 000/year.
Exterior
Water Access Y
View River
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District Philadelphia City
Others
Tax ID 882065940
Ownership Fee Simple
Special Listing Condition Standard
Virtual Tour https://naigeis.com/listings/investmentsales/pier25
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