246 Market Street
Philadelphia, PA 19106

  • – beds
  • – baths
  • 6,300 sqft
  • 2,178 sqft lot
  • $198 per sqft
  • 1900 build

This magnificent architectural masterpiece, prominently positioned on Market Street in Old City, presents a rare opportunity for development in a bustling urban locale. Boasting an impressive facade that floods both floors with natural light, this property offers the perfect opportunity to transform this commercial building into a mixed-use multi-family investment. Currently configured as a bar/restaurant, this expansive space is approximately 6,300 square feet. The width of the property is a generous 22 Ft and goes as far back as 99 Ft making the lot size 2,178 Sq/Ft. The current zoning is CMX-3 which allows by right for you to develop this into 8 total units - 1 commercial unit on the 1st floor and 7 residential units. This development will require for two addition stories to be added in order to fit all of the units comfortably. With the city 's plan of building a Park Cap over I-95 this can be the perfect opportunity to buy in the neighbor before prices increase dramatically. With the plan of developing this into a mixed-use multifamily cash flowing building and holding onto it for the long term can create tons of equity for generations to come. This location enjoys easy access to public transportation via the MFL Frankford Transportation Center to 69th St Transportation Center at the 2nd St Station - MFL stop. With a Walk Score of 100, transit score of 100, and Bike Score of 84, this area is a paradise for pedestrians, commuters, and cyclists alike. Surrounded by essential services such as CVS Pharmacy, the US Post Office, and various local businesses, this property offers endless possibilities for development. Don't miss out on this prime opportunity - schedule a viewing today before it's too late!

BRIGHT MLS logo Listing courtesy of BRIGHT / RE/MAX @ HOME

Last checked: Checking… • Last updated Apr 24, 2024 •

MLS# PAPH2343996 —

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Walk Score®

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Bike Score®

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Transit Score®

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Sale history

Date Event Source Price % Change
4/22/24
Listed / Active BRIGHT $1,250,000

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$1,250,000

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Listing provided by broker:

Maria Maria Quattrone Quattrone

RE/MAX @ HOME

thelistingteam@liveloveathome.com

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This multifamily located in Center City, Philadelphia, PA 19106 is currently for sale for $1,250,000. 246 Market Street is a 6,300 square foot multifamily with – beds and – baths. 246 Market Street is in the Center City neighborhood of Philadelphia and has a WalkScore® of 100, making it a walker’s paradise. This multifamily is in the attendance area of Gen. George A. Mccall School and Benjamin Franklin High School.

BRIGHT MLS logo Listing Courtesy of: BRIGHT and RE/MAX @ HOME.

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