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sales rep | Brivity IDX

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2254 N 3rd St , Philadelphia, PA 19133
$930,000
Est. Payment: $5,024.02/mo
0.14 Acres
Status: active | Days on site: 152
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KWEMPWR - 3124780,3191113
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House Description

Rare corner development opportunity in Norris Square featuring approved zoning plans and permits for a mixed-use building with 27 residential units and 1 commercial space, located within a Qualified Opportunity Zone (QOZ). The approved unit mix consists of 17 two-bedroom/two-bath units, 10 one-bedroom/one-bath units, and a ground-floor commercial space. The property currently includes a 6,120 SF masonry and steel building with high ceilings and two overhead doors, offering immediate flexibility for owner-users, storage, light industrial use, or rental income while development plans are executed. The existing zoning permit remains active through February 2029, allowing ample time to move forward with construction. In addition to the approved plans, a by-right alternative development concept has been prepared for 32 residential units plus 1 commercial space, consisting of 12 two-bedroom/two-bath units, 12 one-bedroom/one-bath units, and 8 studio apartments, providing additional density potential without requiring zoning relief. An exceptional opportunity for developers and investors seeking a new construction project with long-term upside in one of Philadelphia's rapidly evolving neighborhoods.

Highlights

Listed by Christopher K Somers , 2679874443 and Eric R Fargnoli , 2152790226 KW Empower , 2156273500. Bright MLS

Property Type

Vacant Land

Lot/Acreage
0.14

County

Philadelphia

Area

19133 (19133)

Neighborhood

Norris Square

School District

Philadelphia City

Listing ID

PAPH2628348

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Interior Features

Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:60.00 x 102.00
Zoning:CMX2
Sewer:Public Sewer
Principal Interest
$5,024
Taxes
$593

Home Price

$930,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$186,000
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:
$5,024.02

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,024.02 $592.88 $0.00 $5,616.90
Yearly $60,288.25 $7,114.50 $0.00 $67,402.75
Total $1,808,647.55 $213,435.00 $0.00 $2,022,082.55
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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: 2026-11-13T23:12:42.000Z

© 2026 Bright MLS