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304 Cherry St
Philadelphia, PA 19106

$1,200,000 USD

Land For Sale  •  0.04 AC

Property Details

  • Property Type Land
  • Lot Size 0.04 AC
  • Zoning CMX3
100 Transit Score
99 Walk Score

Description 

MPN Realty is proud to exclusively present the sale of 304 Cherry Street Philadelphia, PA 19106. The site is zoned CMX-3 and is currently 6 individual condominium parking spaces. The parking spaces are rented on a month-to-month basis.

The sellers had a zoning permit in 2015 approved for the following:
- (2) Single Family Homes
- 6-Stories Each
- (1) Covered Parking Spot Each
- Zoning documents that were previously approved are linked the Marketing Brochure.

If a prospective buyer would prefer to develop the site, the sellers would sign a consolidated deed (already drafted and available) and sell the site as one parcel. The CMX-3 zoning is a favorable zoning that allows for commercial mixed-use development, by right. In order for a buyer to obtain a zoning permit to build (2) Single Family Houses, they would need to re-submit architectural drawings to the City of Philadelphia for approvals. Any prospective buyer should engage an architect for development possibilities.

Highlights

The site is zoned CMX-3 and is currently 6 individual condominium parking space.
If a prospective buyer would prefer to develop the site, the sellers would sign a consolidated deed and sell the site as one parcel.
The property is surrounded by numerous thriving bars, restaurants, and retail shops.
New apartments and condos propagate even as rents and prices per square foot rise.
At last count, 1,300 new luxury condos and townhouses were approved, under construction or just finished.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Market East (R1 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R3 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R5 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R6 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R7 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R8 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 3 min 15 min 0.8 mi
Suburban Station (R1 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R3 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R5 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R6 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R7 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R8 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 4 min - 1.4 mi
Transit/SubwayDriveWalkDistance
2Nd Street (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 1 min 6 min 0.4 mi
5Th Street (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 1 min 6 min 0.4 mi
Chinatown (Broad Street Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 3 min 10 min 0.6 mi
8Th & Market St (Broad Street Line - Port Authority Transit Corporation Speedline (PATCO Speedline), Market-Frankford Line - Port Authority Transit Corporation Speedline (PATCO Speedline), PATCO Speedline - Port Authority Transit Corporation Speedline (PATCO Speedline)) 2 min 11 min 0.6 mi
Spring Garden (Mfl) (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 2 min 14 min 0.7 mi
AirportDriveWalkDistance
Philadelphia International 20 min - 11.6 mi
Trenton Mercer 47 min - 32.6 mi
Chris Cimino 267-546-1731 MPN Realty
Chris Cimino 267-546-1731 MPN Realty