University City Land for Sale

University City Land for Sale

Welcome to University City, a vibrant and dynamic neighborhood nestled in the heart of Philadelphia, Pennsylvania. Known for its rich blend of academic excellence, cultural diversity, and urban charm, University City is not just a place to live; it's a community that thrives on innovation and collaboration. Home to prestigious institutions like the University of Pennsylvania and Drexel University, this area is a hub for students, professionals, and families alike.

Imagine owning a piece of land in this bustling enclave! We are excited to present an exceptional opportunity for you to invest in land for sale in University City. Whether you’re looking to build your dream home, develop a multi-family residence, or explore commercial possibilities, this prime location offers unparalleled access to a vibrant lifestyle. With its tree-lined streets, eclectic dining options, and proximity to cultural landmarks, University City is a place where life flourishes.

The neighborhood is well-connected, making commuting a breeze with easy access to public transportation and major highways. Enjoy the convenience of nearby parks, local shops, and an array of entertainment options, all while being part of a community that values education and creativity.

Don’t miss your chance to be part of this thriving area! With land for sale in University City, you can create your own vision in a neighborhood that embodies the spirit of Philadelphia. Act now, and let your dreams take root in this exciting urban landscape!

Newest University City Land for Sale

$6,000,000
PAPH2661168 MLS
We are pleased to present the exclusive sale of 237 S. 48th Street & 4710 Locust Street, the former site of Admiral Court & Dorset Court - a two-building apartment community that formerly contained 104 units. The site is now proposed (based on preliminary by-right review) for a ±160-unit multifamily redevelopment involving adaptive reuse of the original Dorset Court building. Buyer is responsible for obtaining zoning permits and building plans, and for confirming allowable density and massing. Following the demolition of the original Admiral Court building due to fire damage, and the partial renovation of the ±48,000 Sq Ft Dorset Court building, the property presents a rare redevelopment opportunity on approximately 36,000 square feet of combined land area. The site is zoned RM-1 (Multifamily Residential), offering a strong foundation for a high-density residential project in one of Philadelphia’s most supply-constrained rental markets. The property is located in the Walnut Hill neighborhood of University City, one of the region’s strongest residential submarkets, driven by the continued expansion of Penn Medicine, Children’s Hospital of Philadelphia (CHOP), the University of Pennsylvania, Drexel University, and numerous life sciences, research, and technology employers. The location offers excellent connectivity via SEPTA’s Market-Frankford Line, multiple trolley routes, and major thoroughfares including I-76, providing convenient access to Center City and the broader Philadelphia region. The City of Philadelphia offers a 10-year property tax abatement for residential new construction (Ordinance 961) and renovations (Ordinance 1456-A). The property is located in a census tract identified as potentially eligible under proposed Opportunity Zone successor legislation (‘QOZ 2.0’). Additionally, the property falls within Philadelphia’s Mixed Income Neighborhood (MIN) Overlay, making it particularly well-suited for affordable and workforce housing development. Opportunities to acquire nearly an acre of multifamily-zoned land in University City are exceptionally scarce. 237 S. 48th Street & 4710 Locust Street represent a compelling opportunity for developers seeking to capitalize on one of Philadelphia’s most dynamic and resilient rental markets.

4710 Locust St, Philadelphia

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