Prime Redevelopment Opportunity in West Philadelphia's Walnut Street Corridor ||
Unlock the potential of this expansive corner commercial property located in the heart of West Philadelphia's Walnut Street corridor. As a Qualified Opportunity Zone (QOZ), this redevelopment gem offers savvy investors the chance to realize significant capital gains tax benefits while reshaping a prominent corner in the community. ||
Currently zoned CMX2 with a 38' height restriction, this property invites developers to reimagine its potential. Explore the possibilities of rezoning to CMX2.5 for an increased height of 55', providing added versatility in design and functionality. Whether adding extra levels or constructing an entirely new mixed-use facility, the canvas is yours to craft. ||
Capitalizing on eight 24" full-span ironwork girders, developers can elevate their projects with bonus height and density. A mixed-income housing plan not only enhances the property's appeal but also aligns with the community's needs, offering a compelling canvas for innovation in residential or business development. ||
Tailor the property to suit your preferred development model. Whether envisioning a mixed-use residential facility, food, and beverage retail sales, storage facility, food service-catering-commissary, day care center, learning center, or community center, the possibilities are vast. ||
Benefit from solid local traffic counts, excellent public transportation options, and easy access to Univ City and Center City. The property's strategic location enhances its appeal for a wide range of potential uses. ||
This development opportunity not only resides in a Qualified Opportunity Zone but is also eligible for a Philadelphia Tax Abatement and falls within a zone designated for New Market Tax Credit (NMTC). Investors can leverage these incentives to maximize returns and contribute to the growth of the community. ||
Review the property details, plan view, and photos at your convenience. Drive by for a firsthand look, and then connect with us for more information. Qualified buyers and serious interests are invited to express their interest. This motivated seller encourages you to seize this unique opportunity. Contact us today and bring your vision to life! ||
Presented By: KW Empower
Interior Features for 5452 Walnut Street
Bathrooms
Total Restrooms1
Other Interior Features
Clear Span Ceiling Height12' to 15'
Central Air Y/NNo
FlooringConcrete, Wood
Heating FuelOil
Hot WaterNone
Number of Elevators
Total Stories2
General for 5452 Walnut Street
Acceptable FinancingCash, Conventional, Industrial Development Authority
AccessibilityNone
Business TypeApartment Building, Other/General Retail, Supermarket/Grocery Store, Storage, Warehouse, Flex
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelNone
CoolingNone
CountyPHILADELPHIA
DirectionsSE Corner
DisclosuresProp Disclosure
Electric200+ Amp Service
HeatingNone
Lease Considered Y/NNo
Location TypeUrban
Lot Size Square Feet10785.00
Lot Size UnitsSquare Feet
MLS Area19139 (19139)
ModificationTimestamp2025-05-27T11:30:16
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total4
OwnershipFee Simple
Possession31-60 Days CD
Price Per Sq Ft Total AG58.44
Property ConditionMajor Rehab Needed
Property SubtypeMixed Use
Property TypeCommercial Sale
Property UseOwner User
RoofRubber, Hip
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameCOBBS CREEK
Tax Annual Amount11197.0
Tax Assessed Value799900.0
Tax Lot3029
Tax Year2024
UtilitiesElectric Available, Natural Gas Available, Cable TV Available, Water Available
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