Description

This offering presents a rare, fully entitled, shovel-ready opportunity to develop seven newly constructed luxury townhomes designed to meet strong demand within today’s urban and near-urban housing markets. The project is thoughtfully planned to maximize both end-user appeal and construction efficiency, providing developers with a streamlined path from acquisition to vertical construction. The approved plans call for 17 three-bedroom, two-and-a-half-bath townhomes, each containing approximately 2,500 square feet of living space. The layout and scale of the homes position the product squarely within the premium townhome segment, offering the size and functionality typically associated with larger single-family or wide-format townhomes. Each residence includes a private one-car garage plus an additional off-street parking space, both accessed through a shared rear drive aisle. This design enhances streetscape aesthetics while providing efficient site circulation and parking solutions—two critical factors in urban infill development. The homes also incorporate high-demand lifestyle amenities, including pilot houses and rooftop decks, allowing for outdoor living space and premium view opportunities. These features are proven drivers of absorption and pricing power in today’s new construction marketplace. From a risk and execution standpoint, the project offers substantial advantages. The property carries a clean environmental profile and is shovel-ready, significantly reducing pre-construction timeline, entitlement risk, and soft cost exposure. Developers can move directly into construction planning, procurement, and vertical development. Overall, this opportunity provides developers and investors with a well-designed, market-aligned product, efficient site planning, and a reduced-risk development profile in a segment of the market that continues to demonstrate strong buyer demand. Taxes are not $1. Taxes are to be verified by the buyer independently. Property includes: 2811 & 2835 Kingston Street & 2836-38 E Venango Street, Philadelphia, PA 19134 - Tax ID Numbers to include are: 2811 Kingston (451073700), 2835 Kingston (885533280), 2836 E Venango (451073700), 2838 E Venango (451073800).