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Graceann Tinney

graceann@graceanntinney.com +1(267) 373-8244

Listed by William Spinner • Real Broker, LLC

$600,000

Est. payment - /mo

9,178 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision West Philadelphia

MLS Listing ID PAPH2521528

Annual Tax Amount $359

Tax Year 2024

Lot Size 9,178 Sqft

Acres 0.21

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

5117–5127 Warren Street – 6-Lot Development Package | Up to 24 Units
Rare opportunity to acquire six consecutive, RM-1 zoned lots in a surging area of West Philadelphia—shovel-ready and fully cleared. Located just one block off the bustling Lancaster Avenue commercial corridor, this stretch of Warren Street is surrounded by new construction, strong rental demand, and major development momentum.

This site comes with professional site planning and preliminary architectural renderings that support a 24-unit multifamily building. The proposed mix includes studios, 2-bedroom, and 3-bedroom units—perfectly suited for the neighborhood's growing demand for workforce housing and student housing.

Positioned within a Qualified Opportunity Zone (QOZ) and eligible for accelerated depreciation, this is an ideal project for long-term investors looking to build equity and generate significant tax benefits. (Buyers should consult their tax professional.)

Highlights:
6 contiguous lots (5117–5127 Warren St) zoned RM-1

Preliminary site plan and renderings available for a 24-unit apartment building

Fully cleared and shovel-ready

In a QOZ – major tax incentives + bonus depreciation potential

Surrounded by new construction, including multi-family and mixed-use projects

Easy access to Center City, City Ave, and University City

Unbeatable Location:
1 block to Lancaster Ave commercial corridor

0.7 mi to ParkWest Town Center (ShopRite, Lowes, Planet Fitness)

Minutes to Fairmount Park, the Mann Music Center, Please Touch Museum, and Bala Golf Club

Close to St. Joseph's University, University of Pennsylvania, Drexel University, and Philadelphia College of Osteopathic Medicine (PCOM)

Convenient access to Route 1, I-76, and SEPTA regional rail & trolley lines

This is your chance to control a full development site in a high-growth corridor with proven rental demand and long-term upside. Build a new apartment building in a well-connected, transit-friendly, and amenity-rich neighborhood that continues to see significant public and private investment.

Location

State PA

County Philadelphia

Area 19131 (19131)

Zoning RM1

Interior

Hot Water None

Heating None

Cooling None

Heat Source None

Exterior

Water Access N

View City

Accessibility Other

Garage N

Building

Lot Description Corner

Foundation Other

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District Philadelphia City

Others

Tax ID 442182000

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Joint Venture, Negotiable, Private, Other

Listing Terms Cash, Conventional, Joint Venture, Negotiable, Private, Other

Financing Cash,Conventional,Joint Venture,Negotiable,Private,Other

Special Listing Condition Standard

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NEARBY SCHOOL & BUSINESS

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Graceann Tinney

Agent | RSRS344523

+1(267) 373-8244

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5117 WARREN ST Philadelphia, PA 19131

Graceann Tinney

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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5117 WARREN ST