1023-27 W SUSQUEHANNA AVE, Philadelphia, Pennsylvania
1023-27 W SUSQUEHANNA AVE, Philadelphia, Pennsylvania 19122 - Developers, builders and investors: seize this sizable student-housing development opportunity at TempleU, one of Philly's leading universities. This 10,200~ SF assemblage contains a row of shell properties along N 11th Street in need of demolition and a triangular corner parcel of raw land wrapping around Susquehanna Street. The assemblage of properties is as follows: 2201 (zoned CMX2), 2203-09 N 11th (zoned RM1) and 1023-27 Susquehanna (zoned I2). 2233 N 11th (zoned RM1) is also part of the package but not contiguous with the others. The development opportunity is located across the street from the Owls' Edberg-Olson Football Complex; 3 blocks east of North Broad Street, the university's main road; 2.5 blocks north of SEPTA's TempleU train station; and, 4 blocks north of the Snohetta-designed TU Library, which is the new social and academic heart for the campus of 37,800 students opening in fall 2018. The university's athletic and academic programs are blossoming and world-class designed real estate projects are underway all over campus and the surrounding streets to support TempleU's growing enrollment. At under 80 bucks/PSF to acquire the properties, this is an extreme value-add investment which will create sustainable rental income for generations to come.
Listing Courtesy of BHHS Fox & Roach-Center City Walnut