Redevelopment Opportunity
Adjacent to Jefferson University & Hospital
Overview
- Offering Price $1,600,000
- Zoning CMX-4
- Lot Size 2,460 SF
- Building Size 6,680 SF
The Property is comprised of 6,680 SF improvements on 2,460 SF of CMX-4 zoned land in the Midtown Village neighborhood of Philadelphia. The Midtown Village section of Center City is considered one of the most desirable neighborhoods in the Philadelphia MSA featuring award-winning retail, eateries, and nightlife.
The Pilot Building is an outstanding opportunity to convert a well-located asset to multifamily, an alternative commercial use, or begin an assemblage with attractive zoning. Future tenants will live or work directly adjacent to the Jefferson University Hospital Campus, Fashion District, Target, and Planet Fitness. The Property is steps from the new Jefferson University Specialty Care Pavilion, which is projected to have $600M+ in economic impact.
The Property is located minutes from major arteries including I-76, I-676, and I-95 providing unparalleled access to the Philadelphia MSA. The Pilot Building is about a 5-minute walk from the station at 11th and Market Streets for the Market-Frankford Line carrying commuters to points in Center City, University City, 30th Street Station, and the Philadelphia Suburbs.