School District: The School District Of Philadelphia
Address: 2337-41 PENNSYLVANIA AVE
Neighborhood: Art Museum (fairmo
Extremely rare development opportunity with unobstructed, front facing views of both the Museum of Art and the Rocky statue! A 4500+sqft site, currently subdivided into (3) parcels (2337-2339-2341 Penn Ave) holding an RSA5 distinction. 2341 Penn Ave currently rests a 2040sqft single family/office structure that is deemed historic, albeit non contributing, so it may be renovated, or taken down to allow for new construction (approvals in hand from historic commission). Build up to (3) 3800+sqft homes by right, (buyer responsible for approvals along with all due diligence). This opportunity is anchored by neighboring Green Street Estates that have recently resold, commanding prices between $2,400,000 and $3,500,000 per home. Expected outsale for this Pennsylvania Ave assemblage once constructed: $2,200,000-$2,600,000 per residence. There may never be another opportunity to build 3 contiguous, new construction homes in this vicinity again!
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