1700 RACE STREET

PHILADELPHIA, PA, 19103

$12,500,000

$12,500,000
Active
Active
 - For Sale
property_type
Land
1700 RACE: Trophy development site in Center City Philadelphia overlooking the Benjamin Franklin Parkway (Museum Mile), Cathedral Basilica, Logan Square Park and Comcast global HQ. Over 1M SF in real estate is actively being constructed immediately adjacent to the subject site, next door at Cathedral Square, including world-class offices, apartments, retail. This is the most coveted corner high-rise development parcel in The City of Philadelphia, with a prestigious address and location that cannot be replicated. Previous zoning was approved for a 28-unit 16-storey luxury condo building with underground parking, ground floor retail and garden, 2nd floor wellness center and fitness studio with terrace, panoramic rooftop skyline garden, and 2 penthouses. The 2bd x 2.5ba homes each contain private balconies with an average unit size of 1650 SF. The total proposed building is about 90,000 SF. An alternative plan with a more dense, 56-unit luxury rental apartment building contains a mixture of 1bd (630 SF) and 2bd (920 SF) apartments throughout 83,000 SF in a 16-storey structure. An office building, life sciences building, or hotel could also be constructed by-right / with bonuses according to the CMX4 zoning code. Enquire within for conceptual plans designed by a prominent architectural firm.
MLS® ID:
PAPH2081912
Updated:
7/2/22

Exterior/Building Features

Lot Size
6,006 ft² lot
Lot Details
Corner
Sewer
Public Sewer

School Information

School District
THE SCHOOL DISTRICT OF PHILADELPHIA

Other Property Details

Area Name
19103 (19103)
Taxes
$46027.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
Y
County
PHILADELPHIA
Water Source
Public
Pool
No
Zoning
CMX4

Courtesy of Compass Pennsylvania, LLC

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Data last updated 11:12 PM UTC, 7/2/22

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