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Philadelphia,PA 19122
Key Details
Property Type Commercial
Sub Type Land for Commercial Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2487980
Year Built 1945
Annual Tax Amount $131,414
Tax Year 2024
Lot Size 2.554 Acres
Acres 2.55
Lot Dimensions 264.00 x 490.00
Property Sub-Type Land for Commercial Use
Source BRIGHT
Property Description
MSC is pleased to exclusively present the opportunity to acquire 265 W. Berks Street & 272 W. Norris Street, a large-scale development site totaling approximately 131,249 square feet (3.01 acres) located at the heart of Philadelphia's rapidly transforming American Street Corridor. Positioned within three miles of Center City and adjacent to thriving neighborhoods such as Fishtown, Northern Liberties, and Olde Kensington, this site offers investors and developers unparalleled access to one of the city's most active growth zones. The property is situated in a combined ICMX & CMX-2 commercial zoning district, providing generous by-right density and height allowances suitable for a wide range of development scenarios including mixed-use, commercial, and institutional uses. Its placement within the Mixed-Income Neighborhood (MIN) Overlay encourages affordable housing integration and may unlock incentives for qualifying developers. Surrounding the site are significant anchors of culture, retail, and innovation including the Crane Arts Building, The Clay Studio, and NextFab, alongside national retail tenants such as The Learning Experience, Movement Gym, and Grocery Outlet. The property also benefits from excellent public transportation access and walkability, positioning it as a cornerstone of the corridor's next phase of revitalization. This offering represents a unique chance to control a large-scale, transit-accessible, and development-ready site in one of Philadelphia's most exciting and evolving submarkets.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning ICMX
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 885000074
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard