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Listed by Steve Burke • Tesla Realty Group, LLC
$ 1,038,000
Est. payment | /mo
0.25 Acres Lot
$ 1,038,000
Est. payment | /mo
0.25 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Cobbs Creek
MLS Listing ID PAPH2687008
HOA Y/N N
Annual Tax Amount $6,373
Tax Year 2026
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Land
Source BRIGHT
Property Description
246 S 59th St | Philadelphia, PA 19139
Rare opportunity to acquire a fully approved 96-unit mixed-use development site in the heart of West Philadelphia. This CMX-2 zoned project comes with approved zoning plans and architectural drawings already completed, saving a developer significant time and entitlement risk.
The approved plans call for:
• 96 residential units
• 2 commercial spaces
• 6 parking spaces
• 34 bike parking spaces
• Approx. 76,986 GSF development
The project utilizes both the Green Roof Density Bonus and Mixed Income Housing Bonus, allowing for increased scale in a rapidly developing corridor near University City.
Located on a large corner footprint with strong visibility and easy access to public transportation, this site is ideally positioned for a long-term hold, build-to-rent strategy, affordable housing component, or institutional multifamily development.
Property highlights:
• Fully approved zoning permit
• Architectural plans included
• CMX-2 zoning
• Large ±28,538 SF lot
• Strong rental market
• Transit-oriented location
• Tax abatement potential
• Significant scale in growing West Philly corridor
This is an outstanding opportunity for developers looking to capitalize on one of Philadelphia's strongest rental and redevelopment markets.
Full zoning package, plans, and due diligence available upon request.
Rare opportunity to acquire a fully approved 96-unit mixed-use development site in the heart of West Philadelphia. This CMX-2 zoned project comes with approved zoning plans and architectural drawings already completed, saving a developer significant time and entitlement risk.
The approved plans call for:
• 96 residential units
• 2 commercial spaces
• 6 parking spaces
• 34 bike parking spaces
• Approx. 76,986 GSF development
The project utilizes both the Green Roof Density Bonus and Mixed Income Housing Bonus, allowing for increased scale in a rapidly developing corridor near University City.
Located on a large corner footprint with strong visibility and easy access to public transportation, this site is ideally positioned for a long-term hold, build-to-rent strategy, affordable housing component, or institutional multifamily development.
Property highlights:
• Fully approved zoning permit
• Architectural plans included
• CMX-2 zoning
• Large ±28,538 SF lot
• Strong rental market
• Transit-oriented location
• Tax abatement potential
• Significant scale in growing West Philly corridor
This is an outstanding opportunity for developers looking to capitalize on one of Philadelphia's strongest rental and redevelopment markets.
Full zoning package, plans, and due diligence available upon request.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning CMX2
Interior
Inclusions All attached
Exterior
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax ID 882969330
Ownership Fee Simple
Acceptable Financing Cash, Private
Listing Terms Cash, Private
Financing Cash,Private
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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