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VRA Realty

operations@vrarealty.com +1(484) 800-1777

Listed by Jacob Cooper • MSC Retail, Inc.

$ 10,950,000

Est. payment | -/mo

2.55 Acres Lot

Save

$ 10,950,000

Est. payment | -/mo

Save

2.55 Acres Lot

Key Details

Property Type Commercial

Sub Type Land for Commercial Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2487980

Year Built 1945

Annual Tax Amount $131,414

Tax Year 2024

Lot Size 2.554 Acres

Acres 2.55

Lot Dimensions 264.00 x 490.00

Property Sub-Type Land for Commercial Use

Source BRIGHT

Property Description

MSC is pleased to exclusively present the opportunity to acquire 265 W. Berks Street & 272 W. Norris Street, a large-scale development site totaling approximately 131,249 square feet (3.01 acres) located at the heart of Philadelphia's rapidly transforming American Street Corridor. Positioned within three miles of Center City and adjacent to thriving neighborhoods such as Fishtown, Northern Liberties, and Olde Kensington, this site offers investors and developers unparalleled access to one of the city's most active growth zones. The property is situated in a combined ICMX & CMX-2 commercial zoning district, providing generous by-right density and height allowances suitable for a wide range of development scenarios including mixed-use, commercial, and institutional uses. Its placement within the Mixed-Income Neighborhood (MIN) Overlay encourages affordable housing integration and may unlock incentives for qualifying developers. Surrounding the site are significant anchors of culture, retail, and innovation including the Crane Arts Building, The Clay Studio, and NextFab, alongside national retail tenants such as The Learning Experience, Movement Gym, and Grocery Outlet. The property also benefits from excellent public transportation access and walkability, positioning it as a cornerstone of the corridor's next phase of revitalization. This offering represents a unique chance to control a large-scale, transit-accessible, and development-ready site in one of Philadelphia's most exciting and evolving submarkets.

Location

State PA

County Philadelphia

Area 19122 (19122)

Zoning ICMX

Interior

Hot Water None

Heating None

Cooling None

Heat Source None

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 885000074

Ownership Fee Simple

Special Listing Condition Standard

Nearby Locations

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Beckie Barton

Director of Growth and Operations

+1(302) 588-7812 | beckie@vrarealty.com

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265 W BERKS ST Philadelphia, PA 19122