2337 Pennsylvania Avenue
Philadelphia, PA 19130

Acre Lot
Courtesy: BHHS Fox & Roach-Center City Walnut
On behalf of ownership, pleased to present this unrivaled development opportunity with unobstructed, front facing views of both the Museum of Arts and the Rocky statue. A 4798sqft site, currently subdivided into (3) parcels (2337-2339-2341 Penn Ave) holding an rsa5 distinction. With ample development scenarios in play, 2341 Penn Ave presently seats a 2040sqft single family/office structure that is deemed historic, albeit non contributing, so it may be renovated, taken down to allow for new construction or rezoned multifamily. (3) 3100sqft+ homes may be constructed by right, with the possibility in receiving a variance for an additional single family or converted to a multifamily designation (buyer responsible for approvals along with all due diligence). This opportunity is anchored by neighboring Green Street Estates that sold out in a 10 month span (estimated $1,600,000-$2,400,000 outsale per home). Expected outsale for this Pennsylvania Ave assemblage once constructed: $1,900,000-$2,100,000 per home. Anticipated ROI; 14-17%. There may never be another opportunity to build 3 contiguous, new construction homes in this vicinity again!
0.11 Acres
Public Water Service
Public Sewer
School Rating Out of 10
Data Provided by
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

Walk Score

Transit Score

Courtesy: BHHS Fox & Roach-Center City Walnut
This content last refreshed on 1/19/2020 2:59 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.