MultiFamily Development 4220-4234 Chestnut St 4220-34 Chestnut st Immeuble residentiel 33 lots À vendre Philadelphia, PA 19104

Ownership is currently reviewing offers for 4220-4234 Chestnut Street, a 15,580± square foot development site located in the heart of University City, Philadelphia. Offered directly by the individual owners for sale together, these CMX-4 zoned parcels presents a unique opportunity to develop up to 120 residential units by right on one of the last large build sites on the 42nd & Chestnut corridor, appealing to the area’s strong and growing “eds and meds” demographic. With an approved variance, the site also allows for up to 168 units and 7 stories, in line with neighboring apartment buildings.
4220-4234 Chestnut features an extremely walkable location (96 Score) in the Spruce Hill section of University City. Penn Presbyterian Medical Center and the Science Center (±15-minute walk), Drexel’s Vidas Athletic Complex and Fields (±8-minute walk), and the University of Pennsylvania, Drexel University, St. Joseph’s University, Penn Medicine, and the Children’s Hospital of Philadelphia (±25-minute walk or ±10-minute bike ride) are all in proximity. Further, SEPTA’s Market-Frankford Line is accessible via 40th Street or 46th Street Stations, and a bus stop is within steps from the site.