Philadelphia, PA 19123 705 N American Street
$850,000



9 more










Presented By: Styer Real Estate
Home Details
A rare chance to develop in the center of one of Philadelphias most desirable neighborhoods. This 2,539 square foot CMX2.5-zoned vacant lot offers an exceptional opportunity for investors or developers to build a signature mixed-use or residential project. Situated in a vibrant urban community, the property is a blank canvas ready to become the areas next landmark destination. With limited available land in Northern Liberties, opportunities like this are truly rare and highly coveted.
PROPERTY DETAILS
Lot Size: 2,539 sq ft of vacant land
Zoning: CMX2.5 (Mixed-Use) allows multi-story residential over ground-floor commercial
Potential Uses: Ideal for luxury condos/apartments, mixed-use development with retail, boutique offices, or other commercial space
Adjacent Property: Contiguous to a separately listed 9,700 sq ft commercial building (on a 5,000 sq ft lot) also for sale offering a combined 7,500 sq ft development site if acquired together
Current Use: Parking and play yard for daycare
Lease Terms: Subject to (NNN) lease terms for 209-15 Fairmount Ave, expires 12/31/26
This property is just steps away from Philadelphias premier dining, art galleries, and nightlife, as well as inviting community parks and green spaces. With both Penns Landing and Old City within easy walking distance, its appeal is truly unmatched.
Easy accessibility to Public Transit & Highways Conveniently located near I-95, I-676 on-ramps and steps from the Market- Frankford Line.
ADDITIONAL OPPORTUNITY- ADJACENT COMMERCIAL BUILDING FOR SALE
MLS# PAPH2452892
Address: 209-215 Fairmount Ave, Philadelphia, PA 19123
Lot Size: 5009 Sq Ft
Building Size: 9,700 SF
Year Built: Circa 1805-1848
Zoning: CMX-2.5 (Commercial Mixed-Use)
Current Use: Daycare Facility
Lease Terms: Triple Net (NNN)
Lease Term: 8 years, commencing December 31, 2026
Net Operating Income (NOI): $183,000 per year
Bundling the properties would create the potential for a larger combined development site. Seize the chance to secure a foothold in Northern Liberties ongoing success story opportunities like this are exceedingly rare and won't last long.
Presented By: Styer Real Estate
General for 705 N American Street
Acceptable FinancingCash, Conventional, Private, Joint Venture
Additional Parcels Y/NNo
Association Recreation FeeN
CityPHILADELPHIA
Clean Green Assessed Y/NNo
Condo/Coop Association Y/NNo
CountyPHILADELPHIA
Current UseParking, School
DirectionsFrom Fairmount Ave, right on N. American St., property on right
DisclosuresAgent Related to Owner
ExclusionsTenants property
HOANo
Historic Y/NNo
Lease Considered Y/NNo
Location TypeUrban
Lot Size Square Feet2539.00
Lot Size UnitsSquare Feet
MLS Area19123 (19123)
ModificationTimestamp2025-05-08T23:35:34
MunicipalityPHILADELPHIA
OwnershipFee Simple
PossessionSubject to Existing Lease, Immediate, Negotiable
Possible UseApartment Building, Mixed Use, Retail, Residential
Price Per Sq Ft Total AG334.78
Property SubtypeLand
Property TypeLand
School DistrictPHILADELPHIA CITY
SewerPublic Hook/Up Avail
Standard StatusActive
StatusACTIVE
Subdivision NameNORTHERN LIBERTIES
Tax Annual Amount3909.0
Tax Assessed Value279300.0
Tax Year2024
TransportationBus Stop less than 1 mile, Metro/Subway Station less than 1 mile, Commuter Rail Station 1 to 5 miles
UtilitiesCable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
Vacation Rental Y/NNo
Water Access Y/NNo
ZoningCMX25
Exterior for 705 N American Street
Horse Y/NNo
Land Use CodeSI
Lot Dimensions20.00 x 125.00
Lot FeaturesCleared, Level, Road Frontage
Lot Size Acres0.06
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Road Frontage Length20
Road ResponsibilityCity/County
Road Surface TypePaved
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
