PHILADELPHIA RESIDENTIAL DEVELOPMENT OPPORTUNITY Gray s Ferry Philadelphia, PA. Cumulative Land Area: 1.5+/- Acres or 66,867+/- SF Gray s Ferry Ave S. 32nd. Street S. Patton Street S. Napa Street S. 31st. Street Wharton Street
Executive summary Edward M. Paul & Company and Precision Realty Group, LLC are pleased to present, exclusively, The Gray s Ferry Portfolio. The portfolio consists of approximately 66,867 square feet (1.5 acres) of development land currently improved with approximately 38,400 square feet of light industrial building area. The current zoning of the properties is primarily ICMX, Industrial Commercial Mixed Use with the balance being Residential, RSA-5. marketed Exclusively by: The Seller is willing to review an offer subject to reasonable development approvals for residential use. This unique offering features an ability to meet the strong demand for a reasonably priced new home community or multi-family development in immediate proximity to Center City and University City with highway, rail and airport access. This Grays Ferry location boasts both newly developed residential projects and is serviced by plenty of retail and commercial uses. In addition to transportation infrastructure access, the subject properties are less than 1/4 mile from both the Washington Avenue Corridor and the Point Breeze neighborhood. Site tours will be conducted on a first come first served basis so we look forward to hearing from you. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property to your needs.
salient facts Asking Price: Inquire Within Seller Offering Due Diligence to Successfully Gain Approvals Approximate perimeter of property for a Future Development Rapidly improving Gray s Ferry location Average new house sale $300,000+ Cumulative Land Area: 1.5+/- Acres or 66,867+/- SF Cumulative Building Area: 38,400+/- SF or Gross Building Area (GBA) Zoning: ICMX - Industrial Commercial Mixed-Use, RSA-5 - Residential Easy access to 476, Route 76, Washington Avenue, 676 Close proximity to the following: University City...0.5 miles Center City...1.0 miles 30th Street Station...1.9 miles PHL Airport...7.2 miles Demographics.5mile 1 mile 2 Miles Estimated Population Average Age 7,852 32.1 39,721 30.9 245,438 32.3 SITE Estimated Total Employees 5,991 32,724 206,554 Traffic Counts (Daily) 25,000 SitesUSA, Inc.
listing details Tax ID Address 885406420 3115-19 Wharton St 3114 884347400 1207-27 S Napa St 884347405 1229-51 S Napa St 1216-24 1207-27 885408760 1228 S Napa St 884347410 1235 S Patton St 885410680 1216-24 S Patton St 1230 1232 1234 1238 1235 1228 1229-51 362293000 1230 S Patton St 362293100 1232 S Patton St 362293200 1234 S Patton St 362293400 1238 S Patton St 362293900 1248 S Patton St 884755500 3114 Grays Ferry Ave 3115-19 1248
listing details Tax Parcel # Address Lot Area SF 36-2292310 1216-24 S. Patton St. 4,080 36-2293000 1230 S. Patton St. 816 36-2293400 1238 S. Patton St. 765 36-2293900 1248 S. Patton St. 714 88-4755500 3114 Grays Ferry Ave. 20,808 36-2281300 1228 S. Napa St. 650 36-2215150 3115-19 Wharton St. 13,056 88-4347410 1235 S. Patton St. 4,896 88-4347400 1207-27 S. Napa St. 10,700 88-4347405 1229-51 S. Napa St. 8,750 362293100 1232 S Patton St 816 362293200 1234 S Patton St 816 Aggregate Total: 66,867 +/- SF Tax Parcel # Address Frontage 36-2292310 1216-24 S. Patton St. 80 Westside of S. Patton 36-2293000 1230 S. Patton St. 16 Westside of S. Patton 36-2293400 1238 S. Patton St. 15 Westside of S. Patton 36-2293900 1248 S. Patton St. 15 Westside of S. Patton 88-4755500, 36-2281300, 3114 Grays Ferry Ave. 289 Eastside of S. Patton, 116 Southside of Grays Ferry 36-2215150 & 88-4347410 446 Westside of S. Napa & 58 Northside of Wharton 88-4347400 & 88-4347405 1207-27 S. Napa St. 60 Soutside of Gray s Ferry, 348 Eastside of S. Napa
Location aerial University City South ay Naval Square St. Ex pr es sw. ys ylk ill ra Graduate Hospital Sc hu G y rr Fe e Av SITE Washin g ton Av Point Breeze S. Broa d St. S. 25th. St. e.
zoning The subject is located primarily within the ICMX, Industrial Commercial Mixed-Use zoning district of the City of Philadelpb.ia. The ICMX zoning district allows a variety of uses including but not limited to warehousing, distribution, truck terminals, and some light manufacturing of products from purchased materials. This zoning district is used in older neighborhoods of the city where existing industrial buildings exist in close proximity to residential uses and where the conversion of such buildings to commercial uses or mixed commercial/industrial use is encouraged. The subject appears to be a conforming use. Three of the vacant parcels (36-2293000, 36-2293400, and 36-2293900) are within the RSA-5 zoning district allows a variety of uses including but not limited to detached and semi-detached single family dwellings, small home offices, and limited agricultural or horticultural uses. Grays Ferry Ave. Subject Properties ICMX RSA-5 CMX-3 S. 32nd. St. S. Patton St. S. Napa St. S. 31st. St. Wharton St.