705 N American Street
Philadelphia, PA 19123
- – beds
- – baths
- – sqft
- 2,539 sqft 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 DETAILS Lot Size: 2,539 sq ft of vacant land Zoning: CMX2.5 (Mixed-Use) – allows multi-story residential over ground-floor commercial Potential Uses: Ideal for luxury condos/apartments, mixed-use development with retail, boutique offices, or other commercial space Adjacent 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 daycare Lease Terms: Subject to (NNN) lease terms for 209-15 Fairmount Ave, expires 12/31/26 This 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 Ft Building Size: 9,700 SF Year Built: Circa 1805-1848 Zoning: CMX-2.5 (Commercial Mixed-Use) Current Use: Daycare Facility Lease Terms: Triple Net (NNN) Lease Term: 8 years, commencing December 31, 2026 Net Operating Income (NOI): $183,000 per year Bundling 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.
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Last updated May 9, 2025
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MLS# PAPH2452904 —
The Building
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Historic:No
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional, Private, Joint Venture
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Possession:Subject to Existing Lease, Immediate, Negotiable
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Lease Considered:No
Location
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Directions:From Fairmount Ave, right on N. American St., property on right
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Cross Street:Fairmount Ave
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Latitude:39.96241760
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Longitude:-75.14179230
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Location Type:Urban
The Property
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Property Subtype:Land
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Property Type:Land
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Current Use:Parking, School
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Lot Size Units:Square Feet
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Lot Size Acres:0.06
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Lot Size Source:Assessor
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Lot Size Dimensions:20.00 x 125.00
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Lot Dimensions Source:Assessor
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Lot Features:Cleared, Level, Road Frontage
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Lot SqFt:2,539 Sqft
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Exclusions:Tenants property
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Additional Parcels:No
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Zoning Description:Neighborhood Commercial Mixed-Use Districts Neighborhood-serving retail and service uses, including pedestrian friendly retail
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Zoning:CMX25
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Road Frontage Length:20
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Road Surface Type:Paved
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Road Responsibility:City/County
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Horse:No
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Waterview:No
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Building Permits:No Building Permits
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Farm Land Preservation:No
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Land Use Code:SI
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (610) 715-1886
- Office phone:
- (610) 469-9001
Taxes
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Tax ID Number:885029360
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Tax Year:2024
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Tax Annual Amount:$3,909
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Tax Assessed Value:$279,300
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Year Assessed:2025
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School Tax:2189.0
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City/Town Tax:1720.00
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Total Taxes Payment Frequency:Annually
Utilities
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Utilities:Cable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
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Sewer/Septic:Public Hook/Up Avail
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Water Source:Public
Schools
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School District Name:Philadelphia City
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School District Source:3rd Party
The Community
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Subdivision Name:Northern Liberties
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Association Recreation Fee:No
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HOA:No
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Condo/Coop Association:No
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Transportation:Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile, Commuter Rail Station 1 to 5 miles
Extra Units
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Vacation Rental:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
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5/8/25
May 8, 2025
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Listed / Active | BRIGHT | $850,000 |