$1,400,000

5416-26 LENA ST, Philadelphia, PA 19144

Commercial Property
Built in 1915
0.36acre lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

5416–22 Lena Street is a three-story industrial building totaling 24,576 square feet, located just steps from Germantown Avenue in Philadelphia’s 19144 neighborhood. The property sits on a 15,500 square foot lot and presents a fully entitled residential redevelopment opportunity in a rapidly evolving corridor. From March 2025 through October 2025, ownership pursued and successfully obtained a zoning variance to convert the property from Industrial to Residential Multi-Family use. On October 29, 2025, the Zoning Board of Adjustment approved redevelopment of the existing three-story structure for up to 23 dwelling units, along with 16 accessory off-street surface parking spaces located on the adjacent lot. Please note that the current architectural drawings and financial modeling are based on 19 residential units plus 16 parking spaces, not the full 23 units approved by zoning. Following zoning approval, a zoning permit was issued. On January 5, 2026, the Department of Licenses & Inspections (L&I) and the Survey District approved a lot line relocation, consolidating the building lot and adjacent side lot into one parcel, one address (5416 Lena Street), and one tax account, simplifying ownership and future development. The project has been submitted to the Philadelphia Historical Commis. , with an upcoming hearing anticipated later this month. The submission includes full architectural and structural drawings. Upon historic approval, ownership plans to proceed with building permit submission, currently targeted for March–April 2026. This offering provides a rare opportunity to acquire a zoning-approved, shovel-ready redevelopment site with parking, consolidated parceling, and advanced entitlement progress in Northwest Philadelphia.

Listing Status:: Active
Data Last Updated:: March 24, 2026 at 4:18PM
Listing Office:: Keller Williams Main Line : 6105200100
Listing Agent:: Sam A Akif : 2156176142
MLS ID:: PAPH2582956

A/C: None
Heating: OtherElectric
Disability Feature: None

General: Masonry

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

Zoning: I2884560810

Water: Public
Sewer: Public Sewer

Source: BRIGHT_MAIN

This listing courtesy of Sam A Akif , Keller Williams Main Line

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Principal & Interest $
Property Taxes $
Home Insurance $
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Location

Schools Nearby

Mastery Charter School at John Wister Elementary School

, Philadelphia, PA, 19144

Grades KG-5

0.30 miles away

Fitler Academics Plus

140 W Seymour St, Philadelphia, PA, 19144

Grades KG-8

0.62 miles away

Central High School

1700 W Olney Ave, Philadelphia, PA, 19141

Grades 9-12

1.04 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.