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sales rep | Brivity IDX

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246 S 59th St , Philadelphia, PA 19139
$1,038,000
Est. Payment: $5,607.46/mo
0.25 Acres
Status: active | Days on site: 1
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55893 - 3188486
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House Description

246 S 59th St | Philadelphia, PA 19139 Rare opportunity to acquire a fully approved 96-unit mixed-use development site in the heart of West Philadelphia. This CMX-2 zoned project comes with approved zoning plans and architectural drawings already completed, saving a developer significant time and entitlement risk. The approved plans call for: • 96 residential units • 2 commercial spaces • 6 parking spaces • 34 bike parking spaces • Approx. 76,986 GSF development The project utilizes both the Green Roof Density Bonus and Mixed Income Housing Bonus, allowing for increased scale in a rapidly developing corridor near University City. Located on a large corner footprint with strong visibility and easy access to public transportation, this site is ideally positioned for a long-term hold, build-to-rent strategy, affordable housing component, or institutional multifamily development. Property highlights: • Fully approved zoning permit • Architectural plans included • CMX-2 zoning • Large ±28,538 SF lot • Strong rental market • Transit-oriented location • Tax abatement potential • Significant scale in growing West Philly corridor This is an outstanding opportunity for developers looking to capitalize on one of Philadelphia’s strongest rental and redevelopment markets. Full zoning package, plans, and due diligence available upon request.

Highlights

Listed by Steve Burke Jr. , 2674710443 Tesla Realty Group, LLC , 8448375274. Bright MLS

Property Type

Vacant Land

Lot/Acreage
0.25

County

Philadelphia

Area

19139 (19139)

Neighborhood

Cobbs Creek

School District

The School District Of Philadelphia

Listing ID

PAPH2687008

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Interior Features

Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Zoning:CMX2
Sewer:Public Sewer
Principal Interest
$5,607
Taxes
$531

Home Price

$1,038,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$207,600
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,607.46

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,607.46 $531.08 $0.00 $6,138.54
Yearly $67,289.47 $6,373.00 $0.00 $73,662.47
Total $2,018,684.04 $191,190.00 $0.00 $2,209,874.04
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Philadelphia, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS