3304 N 16th Street

Philadelphia, PA 19140

HOT AREA and Opportunity Zone Development! This lot is 16' wide x 110' deep. Real estate investments made by individuals through special funds in these new zones can defer or eliminate federal taxes on capital gains. One hundred billion dollars in capital are expected to spur development in these zones. Short walk to Temple Hospital, a world-class employer. Tenants are waitlisted in nearby apartment buildings because there is such high demand for new high-quality housing in this area, with medical professionals and graduate students eager to lease market-rate apartments. Over 5500 employees looking for housing at your doorstep! Short walk to SEPTA Broad St subway with direct rail connection into Center City Philadelphia (transit-oriented development aka TOD). Temple Medical Campus Students also need housing. Rents for 2bd units in this submarket range from 1300-1500/unit. International real estate investors have millions of dollars in capital in active stage development around the North Philadelphia Amtrak Station revitalization. Also available as a package deal: 3230 N 15th Street lot 16.33X80 and 3234 N 15th Street lot 16X80. Other similar lots in the area have gotten zoning approvals for multi-unit buildings. Owners are PA Licensed Realtors.