REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Ryan J McManus • Keller Williams Liberty Place
$ 2,365,000
Est. payment | /mo
3,780 Sqft Lot
$ 2,365,000
Est. payment | /mo
3,780 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Center City
MLS Listing ID PAPH2535196
Year Built 1886
Available Date 2025-09-08
Annual Tax Amount $5,205
Tax Year 2024
Lot Size 3,780 Sqft
Acres 0.09
Lot Dimensions 54.00 x 70.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Introducing" "The Library Tower" assemblage on Irving Street in downtown Philadelphia, Pennsylvania. With a highly coveted CMX4 zoning designation, this premier assemblage of historic properties presents an ideal canvas for historic redevelopment aficionados. Capable of rising 20-storeys high into the sky with up to 128 apartment units, The Library Tower can be treated as several proposed concepts if high-rise development is not preferred. Please request alternative concepts "B" & "C" from listing agent if desired. 1317-21 Irving can accommodate up to 16 apartment units on its own with ±16,340 SF buildable. The historic facades must be preserved due to the Washington Square West Historic District overlay but it creates a distinguishing factor for a totally unique, architecturally-inspired redevelopment. The redevelopment qualifies for a FULL 10 yr tax abatement based on renovations of the existing structures; pay taxes on the present assessed value rather than the value of the improved structure(s). Qualify for lucrative state and federal historic tax credits to offset construction costs (see below for more info). Surrounded by the city's best amenities, transportation hubs, restaurants, cafes, shops, employers, healthcare centers, bars and nightlife, The Library Tower assemblage is a bulletproof real estate investment opportunity in a Top-10 USA MSA. Centrally located in the urban core in the vibrant Midtown Village neighborhood and tucked away on a quiet, residential street with "street to street" access (Irving to Latimer), the site allows for an easy construction process in terms of access/egress for trades and potential cranes on site in the heart of the city — an extreme rarity. Severe high-barriers-to-entry exist in Center City Philadelphia, as the availability of dense urban infill sites wanes due to high rental demand in one of the most historic, yet contemporary and cosmopolitan cities in the nation due to its culture, connectivity, commerce, cuisine, quality of life and top-tier universities, employers, historic sites and professional sports teams.
Location
State PA
County Philadelphia
Area 19107 (19107)
Zoning CMX4
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Garage Spaces 2.0
Water Access N
View City
Accessibility None
Total Parking Spaces 2
Garage N
Building
Lot Description Additional Lot(s)
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 884010060
Ownership Fee Simple
Special Listing Condition Standard
GET MORE INFORMATION
QUICK SEARCH
- Homes For Sale in Bear, DE
- Homes For Sale in Claymont, DE
- Homes For Sale in Clayton, DE
- Homes For Sale in Delaware City, DE
- Homes For Sale in Dover, DE
- Homes For Sale in Hockessin, DE
- Homes For Sale in Middletown, DE
- Homes For Sale in Newark, DE
- Homes For Sale in New Castle, DE
- Homes For Sale in Rehoboth Beach, DE
- Homes For Sale in Saint Georges, DE
- Homes For Sale in Townsend, DE
- Homes For Sale in Wilmington, DE
- Homes For Sale in Avondale, PA
- Homes For Sale in Coatesville, PA
- Homes For Sale in Devon, PA
- Homes For Sale in Drumore, PA
- Homes For Sale in King of Prussia, PA
- Homes For Sale in Landenberg, PA
- Homes For Sale in Lincoln University, PA
- Homes For Sale in Nottingham, PA
- Homes For Sale in Oxford, PA
- Homes For Sale in Quarryville, PA
- Homes For Sale in Springfield, PA
- Homes For Sale in West Chester, PA
- Homes For Sale in West Grove, PA
- Homes For Sale in Chesapeake City, MD
- Homes For Sale in Earleville, MD
- Homes For Sale in Elkton, MD
- Homes For Sale in Rising Sun, MD
- Homes For Sale in North East, MD