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Listed by Nancy Alperin • MAXWELL REALTY COMPANY
$2,000,000
Est. payment /mo
1,550 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Rittenhouse Square
MLS Listing ID PAPH2618190
HOA Y/N N
Annual Tax Amount $5,194
Tax Year 2025
Lot Size 1,550 Sqft
Acres 0.04
Lot Dimensions 0.00 x 0.00
Property Sub-Type Land
Source BRIGHT
Property Description
Positioned in the very core of Philadelphia's most iconic neighborhood, this is a rare, large-scale development opportunity just steps from Rittenhouse Square. Comprising two fully consolidated parcels and zoned CMX-5—the city's highest-density, most flexible commercial designation—this offering unlocks the potential for a truly transformative project in a location where opportunities of this scale are increasingly scarce. CMX-5 zoning allows for the greatest height and density permitted under Philadelphia code, making this site ideally suited for a landmark mixed-use tower, ultra-luxury residential development, boutique hotel, or a flagship corporate or institutional presence. With development plans and architectural concepts already in place, investors can significantly accelerate the timeline from acquisition to execution. Surrounded by some of the city's most prestigious residential buildings, nationally recognized dining, high-end retail, and cultural institutions, the property sits at the intersection of lifestyle and commerce. The neighborhood consistently attracts strong foot traffic and commands premium pricing, supported by an affluent, highly engaged population and continued demand for luxury living and experiential retail. Connectivity is another major advantage. The site offers seamless access to Center City's business district, major transit lines, top universities, and leading medical institutions, making it an ideal location for a project that caters to professionals, residents, and visitors alike. This is more than just a development site—it's a chance to establish a defining presence in one of Philadelphia's most vibrant and enduring neighborhoods. Opportunities with this scale, zoning, and location are exceptionally limited. Reach out to obtain full architectural plans, zoning details, and due diligence materials.
Location
State PA
County Philadelphia
Area 19103 (19103)
Zoning CMX5
Exterior
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District Philadelphia City
Others
Tax ID 881000186
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Nearby School & Business
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