2254-60 N 3RD ST, Philadelphia, PA 19133

Property Description

Rare corner development opportunity in Norris Square featuring approved zoning plans and permits for a mixed-use building with 27 residential units and 1 commercial space, located within a Qualified Opportunity Zone (QOZ). The approved unit mix consists of 17 two-bedroom/two-bath units, 10 one-bedroom/one-bath units, and a ground-floor commercial space. The property currently includes a 6,120 SF masonry and steel building with high ceilings and two overhead doors, offering immediate flexibility for owner-users, storage, light industrial use, or rental income while development plans are executed. The existing zoning permit remains active through February 2029, allowing ample time to move forward with construction. In addition to the approved plans, a by-right alternative development concept has been prepared for 32 residential units plus 1 commercial space, consisting of 12 two-bedroom/two-bath units, 12 one-bedroom/one-bath units, and 8 studio apartments, providing additional density potential without requiring zoning relief. An exceptional opportunity for developers and investors seeking a new construction project with long-term upside in one of Philadelphia's rapidly evolving neighborhoods.

Listing Status:

Active

Data Last Updated:

June 24, 2026 at 3:16AM

Listing Office:

KW Empower : 2156273500

Listing Agent:

Christopher K Somers : 2679874443

MLS ID:

PAPH2628348

Location

• Originating MLS: BRIGHT_MAIN
• School District: PHILADELPHIA CITY
• County: PHILADELPHIA-PA

Lot

• Zoning: CMX2883548410
• Current Use: Vacant

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN