705 N American St Philadelphia, PA 19123
Upper Kensington NeighborhoodEstimated payment $4,958/month
Highlights
- No HOA
- Shed
- Level Lot
About This Lot
A rare chance to develop in the center of one of Philadelphia’s most desirable neighborhoods. This 2,539 square foot CMX2.5-zoned vacant lot offers an exceptional opportunity for investors or developers to build a signature mixed-use or residential project. Situated in a vibrant urban community, the property is a blank canvas ready to become the area’s next landmark destination. With limited available land in Northern Liberties, opportunities like this are truly rare and highly coveted.PROPERTY DETAILSLot Size: 2,539 sq ft of vacant land Zoning: CMX2.5 (Mixed-Use) – allows multi-story residential over ground-floor commercialPotential Uses: Ideal for luxury condos/apartments, mixed-use development with retail, boutique offices, or other commercial spaceAdjacent Property: Contiguous to a separately listed 9,700 sq ft commercial building (on a 5,000 sq ft lot) also for sale – offering a combined 7,500 sq ft development site if acquired together Current Use: Parking and play yard for daycareLease Terms: Subject to (NNN) lease terms for 209-15 Fairmount Ave, expires 12/31/26This property is just steps away from Philadelphia’s premier dining, art galleries, and nightlife, as well as inviting community parks and green spaces. With both Penn’s Landing and Old City within easy walking distance, its appeal is truly unmatched.Easy accessibility to Public Transit & Highways – Conveniently located near I-95, I-676 on-ramps and steps from the Market- Frankford Line. ADDITIONAL OPPORTUNITY- ADJACENT COMMERCIAL BUILDING FOR SALE MLS# PAPH2452892 Address: 209-215 Fairmount Ave, Philadelphia, PA 19123 Lot Size: 5009 Sq FtBuilding Size: 9,700 SFYear Built: Circa 1805-1848Zoning: CMX-2.5 (Commercial Mixed-Use)Current Use: Daycare FacilityLease Terms: Triple Net (NNN)Lease Term: 8 years, commencing December 31, 2026Net Operating Income (NOI): $183,000 per yearBundling the properties would create the potential for a larger combined development site. Seize the chance to secure a foothold in Northern Liberties’ ongoing success story – opportunities like this are exceedingly rare and won't last long.
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,909
Lot Details
- 2,539 Sq Ft Lot
- Lot Dimensions are 20.00 x 125.00
- Level Lot
- Cleared Lot
- No Building Permits
- Property is zoned CMX25, Neighborhood Commercial Mixed-Use Districts Neighborhood-serving retail and service uses, including pedestrian friendly retail
Additional Features
- Urban Location
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 885029360
Community Details
Overview
- No Home Owners Association
- Northern Liberties Subdivision
Recreation
- Shed
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
05/08/2025 05/08/25 | For Sale | $850,000 | -- | -- |
Source: Bright MLS
MLS Number: PAPH2452904

- 224 W Ontario St
- 3325 N American St
- 268 W Wensley St
- 264 W Wensley St
- 3414 N Bodine St
- 3405 N 2nd St
- 3436 N American St
- 2406 N 3rd St
- 2404 N 3rd St
- 3458 N Bodine St
- 179 W Ontario St
- 3302 N Palethorp St
- 3248 N Philip St
- 3507 N American St
- 2213 N 4th St
- 3536 N 4th St
- 240-42 W Glenwood Ave
- 3323 Mutter St
- 3355 N Mascher St
- 3349 N Mascher St
- 3427 N 2nd St Unit 2r
- 3433 N Orianna St
- 3458 N 3rd St
- 240-42 W Glenwood Ave Unit 3RD FL
- 3252 N Hope St
- 152 W Wishart St
- 3401 N Front St
- 3333 N Lee St
- 3549 N Randolph St
- 638 W Russell St
- 2209 N 7th St Unit 3
- 2209 N 7th St Unit 1
- 3323 Kip St
- 2943 N 5th St
- 2948 N 5th St
- 2937 N Waterloo St
- 644 W Venango St Unit 2R
- 650 W Clearfield St
- 3416 Ormes St
- 2901 N 5th St Unit 3RD FLOOR.