705 N American St, Philadelphia, PA 19123

Property Description

This parcel is listed for informational purposes only and is NOT being offered for sale separately. It is marketed exclusively as part of a package offering with the contiguous commercial building located at 209-15 Fairmount Ave. Refer to MLS# PAPH2482266 for full details of the combined offering. PROPERTY DETAILS Lot Size: 2,539 sq ft of flat, paved land. Zoning: CMX2.5 (Mixed-Use) – allows multi-story (up to 4-5 stories high) residential over ground-floor commercial Potential Uses: Ideal for luxury condos/apartments, mixed-use development with retail, boutique offices, or other commercial space Adjacent Property: Contiguous to 209-15 Fairmount Ave. which is a 9,700 sq ft commercial building (on a 5,000 sq ft lot) offering a combined 7,500 sq ft footprint for redevelopment Current Use: Parking and play yard for daycare Lease Terms: Subject to (NNN) lease terms for 209-15 Fairmount Ave, expires 12/31/26 Easy accessibility to Public Transit & Highways – Conveniently located near I-95, I-676 on-ramps and steps from the Market- Frankford Line.