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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

Listing courtesy of Mallin Panchelli Nadel Realty Inc. Contact:

$62,000

Discover a prime investment opportunity in the highly sought-after University City. This 0.04-acre parcel of land presents a unique chance for savvy investors to capitalize on the growing demand for residential development in this vibrant area. Positioned within a dynamic community, this land offers the potential for significant appreciation in value, driven by the area's robust economic growth and increasing population. The absence of an association fee enhances the investment appeal, allowing for greater flexibility in development options and cost management. University City is renowned for its proximity to educational institutions, commercial hubs, and recreational amenities, making it an attractive location for future residential projects. The land's strategic location ensures easy access to essential services and transportation routes, further enhancing its desirability. The potential for rental income is substantial, given the area's consistent demand for housing. This parcel represents not just a piece of land, but a strategic investment in a thriving community poised for growth. Seize this opportunity to secure your foothold in University City and unlock the potential for impressive returns on investment

5135 Hazel Ave, Philadelphia

Listing courtesy of Obara Investment Realty Advisors. Contact:

$35,900

ATTENTION Investors and Builders!! Check out the zoning review provided by Seller’s Architect. Great opportunity in one of the fastest growing zip codes in Philadelphia, University City! LOCATION LOCATION LOCATION...get in now while you still can. This area has tons of rental demand from Drexel University, University of Penn, and young professionals. The PERFECT sized property is ZONING READY, ZONED RM-1. Up to 2 units allowed BY-RIGHT! 15 FEET WIDE and 64.5 FEET DEEP!! This is a can't miss opportunity. Bring your offers fast, this one won't last long!

5226 Addison St, Philadelphia

Listing courtesy of Keller Williams Realty Group. Contact:

$28,900

ATTENTION Investors and Builders!! Great opportunity in one of the fastest-growing zip codes in Philadelphia! LOCATION LOCATION LOCATION...get in now while you still can, steps from University City and 30th Street Station. This area has tons of development! This is a can't miss opportunity. Bring your offers fast, this one won't last long!

3811 Melon St, Philadelphia

Listing courtesy of Keller Williams Realty Group. Contact:

$65,000

.03 Acres 14.22x80 and 1,138 total sq ft. Vacant Lot Zoned RM1, Building Type Permitted: Detached, Semi-Detached, Attached, or Multiple Buildings on a Lot. Basic Permitted Uses: Single-Family, Two-Family, or Multi-Family Dwellings. RM districts are intended to accommodate moderate- to high-density multi-unit residential buildings. RM1 allows for Multi Families. Property sold in "As Is" condition. Buyers are responsible for City Certification.

726 N 37th St, Philadelphia

Listing courtesy of Realty Mark Associates. Contact:

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