2335 53 N 7 Th St

Highlights:

• Days on Market: 115
• Heating: Hot Water

Description:

We are pleased to present the opportunity to acquire 2335-53 N 7th Street, a flexible commercial property located in the rapidly growing Kensington neighborhood of Philadelphia. This property offers a versatile investment opportunity, ideal for both industrial end-users and land banking developers. The site includes a 30,550 SF 3-story building with 29,420 SF of industrial warehouse space, featuring high ceilings, flexible column spacing, and multiple loading bays.

This asset is located on 29,577 SF lot with 10,497 SF of vacant land, providing potential for expansion. From a development standpoint the CMX-2 Commercial zoning designation allows developers to construct 64 residential units by right, with the possibility of expanding to 86 units using density bonuses. The conceptual development plan includes one-bedroom units ranging from 550 to 626 SF, and 32 parking spaces.
Strategically positioned in a neighborhood undergoing significant revitalization, the property benefits from its proximity to popular destinations like Fishtown and Northern Liberties, as well as major transportation routes including Interstate-95 and the SEPTA Market-Frankford Line.

This property represents an excellent opportunity to capitalize on both the existing warehouse infrastructure and the development potential within a rapidly appreciating market, making it an attractive option for industrial users, developers, and investors alike.