$1,750,000
NEW CONSTRUCTION

Estimated payment $9,404/month

Total Views 963
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • New Construction
  • Ramp on the main level
  • Property is in excellent condition
  • 0.32 Acre Lot
  • Forced Air Heating and Cooling System
  • 2-minute walk to Nelson Playground

About This Home

The Colorworks Building, a fully approved, shovel-ready, 64-unit mixed-use development site located in the heart of West Kensington, one of Philadelphia’s most rapidly transforming neighborhoods.

This six-story, ground-up development has received both zoning and building permits and is situated within a Qualified Opportunity Zone (QOZ). Designed by the nationally acclaimed GNOME Architects, the project has been thoughtfully value-engineered for cost-effective development while delivering market-leading design, amenities, and unit mix. The offering includes 64 residential units, 1,269 SF of ground-floor retail, and structured parking for 21 vehicles with additional bike storage. Importantly, there is no affordable housing requirement for this development, eliminating regulatory constraints and preserving design and leasing flexibility.

The site has undergone full demolition and is ready for immediate mobilization, offering investors and developers a rare opportunity to activate a premium project with significant time and entitlement risk already removed

We have been engaged to market the site for sale and secure JV equity on behalf of the ownership. We welcome inquiries from both developers and capital partners.

Listing Agent

Saam Tashayyod

(610) 742-9837 saam@trophycommercial.com Trophy Commercial Real Estate LLC License #RM425803 Listed on: 08/25/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,837

Lot Details

  • 0.32 Acre Lot
  • Property is in excellent condition

Home Design

  • New Construction
  • Masonry

Parking

  • 21 Open Parking Spaces
  • 21 Parking Spaces
  • Parking Lot

Accessible Home Design

  • Accessible Elevator Installed
  • Ramp on the main level

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • 6-Story Building
  • Building Winterized

Listing and Financial Details

  • Tax Lot 225
  • Assessor Parcel Number 881000503

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,837

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Accessibility Features: Elevator, Ramp - Main Level
  • Ownership: Fee Simple
  • New Construction: Yes
  • Building Winterized: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 21
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 21

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.32
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13735.00
  • Property Condition: Excellent
  • Zoning: RSA5

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 1029.00
  • Tax Annual Amount: 1837.00
  • Assessor Parcel Number: 881000503
  • Tax Lot: 225
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

MLS Schools

  • School District Name: PHILADELPHIA CITY

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/25/2025 08/25/25 For Sale $1,750,000 -- --
Source: Bright MLS

Source: Bright MLS

MLS Number: PAPH2525164

Bright MLS