Land Development Opportunity

Highlights:

• Expansive Vacant Land | Clean Level | Great For Mixed Use Commercial
• Next to large Historic Park
• Wayne Junction Train Station to Center City | One Block
• Central High, Lasalle College, Germantown Friend School Nearby

Description:

LAND DEVELOPMENT OPPORTUNITY -- This is a compelling resource spotlighting an opportunity to develop a complete city block of nearly 3.4 acres of clean vacant land overlooking the picturesque historic landmark, Stenton Park. This prized parcel is within a brief walk to the Wayne Junction Train Station at Germantown Avenue in Nicetown, and it enjoys strong 15,000+ AADT nearby traffic counts. The Nicetown-Germantown community is poised for residential growth and cultivates an increasingly vibrant commercial corridor on nearby Germantown Avenue. ||

This is one of the few remaining large lots to develop in the Germantown vicinity. It is a truncated rectangle of 388'x412'. The parcel can be accessed from all four sides and offers three exposed corners. Sandwiched between the 4600 block of north 18th and 19th streets, it offers existing public water and sewer lines on two sides. ||

The zoning is I2 Industrial which provides for a variety of unique development opportunities with property tax abatement incentives. Furthermore, this property is located within a KIZ 'Keystone Innovation Zone' which provides benefits, incentives, and tax credits to for-profit companies in life sciences and technology. ||

Because of its robust size and effective location, this parcel lends itself to numerous meaningful development models: A mixed-use commercial focus with an inviting pedestrian plaza and a thoughtful balance of multi-family and single-family housing. Perhaps a Senior Housing facility can be incorporated. This parcel can also serve nicely as a site for an expansive single-family housing planned urban community. Another obvious development option is a dedicated retail shopping mall or a central emporium that offers vital retail and consumer services to the greater Germantown-Nicetown community. ||

Finally, this expansive parcel has medium density zoning which can support an industrial or office park by-right, or a commissary, storage, a modern warehouse, or fulfillment facility that can serve as a strategic hub connecting the Germantown, Roosevelt Boulevard, and Broad Street areas to support a variety of commercial business services. ||

This location enjoys excellent Septa bus connections to Center City, Chestnut Hill, and Broad Street, and a rail connection from nearby Wayne Junction to the Center City Fashion District at 10th and Market. The Friends School, Central High, and Lasalle University are nearby. ||

Indeed, this large clean vacant land parcel represents a suburb canvas for your imagination and unfolding business model. Pivot to serve emerging contemporary values and translate your savvy to realize a profit from this significant destination! ||

Review the aerial map and dedicated property materials, then drive by the parcel and give us a call to discuss your interests.

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