2516 N 5TH Street

Description

Prime multifamily redevelopment opportunity available in the booming WestKensington section of Philadelphia. This fully approved project located at 2516-18 North 5th Streetincludes a full set of plans for the conversion of an existing structure into 6 oversized apartmentunits and 1 single-family residence. Additionally, the approved plan includes 1 private parking space,a rare and highly desirable amenity in the submarket.The property is comprised of two street-to-street, RM-1 zoned parcels totaling 5,004 square feet ofland with three existing structures on the site. With fully approved plans and renderings in place, anew operator will be able to move forward with the redevelopment plan quickly after closing.The property is situated in a booming area of West Kensington that is experiencing a massive waveof investment and development activity due to its transit accessibility and proximity to majorcommercial corridors in Fishtown and Northern Liberties, as well as Temple University