246 S 59TH ST, Philadelphia, PA 19139
246 S 59TH ST, Philadelphia, PA 19139
246 S 59TH ST, Philadelphia, PA 19139
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Fran Valerio

Fran Valerio

+1(717) 602-0551
Listed by Steve Burke • Tesla Realty Group, LLC
$1,088,000
Est. payment /mo
0.25 Acres Lot
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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Cobbs Creek

MLS Listing ID PAPH2620866

HOA Y/N N

Annual Tax Amount $6,373

Tax Year 2026

Lot Size 10,890 Sqft

Acres 0.25

Property Sub-Type Land

Source BRIGHT

Property Description

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.

Location

State PA

County Philadelphia

Area 19139 (19139)

Zoning CMX2

Interior

Inclusions All attached

Exterior

Water Access N

Garage N

Building

Sewer Public Sewer

Water Public

Schools

School District The School District Of Philadelphia

Others

Tax ID 882969330

Ownership Fee Simple

Acceptable Financing Cash, Private

Listing Terms Cash, Private

Financing Cash,Private

Special Listing Condition Standard

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Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

Fran Valerio
Fran Valerio

Listing Specialist, Team Leader | RS RS311467

+1(717) 602-0551 | fvalerio@soldincentralpa.com

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