$1,088,000

Estimated payment $6,505/month

Total Views 450
0.25 Acre
$4,352,000 Price per Acre
10,890 Sq Ft Lot

About This Lot

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.

Listing Agent

STEVE BURKE JR.

(844) 837-5274 info@teslarealtygroup.com Tesla Realty Group, LLC Brokerage Phone: 8448375274 License #RS337988 Listed on: 05/18/2026

Tesla Realty Group, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,373

Lot Details

  • 10,890 Sq Ft Lot
  • Property is zoned CMX2

Community Details

  • No Home Owners Association
  • Cobbs Creek Subdivision

Listing and Financial Details

  • Assessor Parcel Number 882969330

Property Details

Property Type

Land

Est. Annual Taxes

$6,373

Lot Details

0.25 Acres

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only
  • Inclusions: All attached
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 99.91

Exterior Features

  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.25
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10890.00
  • Zoning: CMX2
  • Farmland Preservation: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6373.00
  • Assessor Parcel Number: 882969330
  • Tax Year: 2026

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/18/2026 05/18/26 For Sale $1,088,000 -- --
Source: Bright MLS

Source: Bright MLS

MLS Number: PAPH2620866

Bright MLS
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