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Philadelphia,PA 19133
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2525164
Style Other
Annual Tax Amount $1,837
Tax Year 2025
Lot Size 0.315 Acres
Property Sub-Type Other
Property Description
The Colorworks Building, a fully approved, shovel-ready, 64-unit mixed-use development site located in the heart of West Kensington, one of Philadelphia's most rapidly transforming neighborhoods.
This six-story, ground-up development has received both zoning and building permits and is situated within a Qualified Opportunity Zone (QOZ). Designed by the nationally acclaimed GNOME Architects, the project has been thoughtfully value-engineered for cost-effective development while delivering market-leading design, amenities, and unit mix. The offering includes 64 residential units, 1,269 SF of ground-floor retail, and structured parking for 21 vehicles with additional bike storage. Importantly, there is no affordable housing requirement for this development, eliminating regulatory constraints and preserving design and leasing flexibility.
The site has undergone full demolition and is ready for immediate mobilization, offering investors and developers a rare opportunity to activate a premium project with significant time and entitlement risk already removed
We have been engaged to market the site for sale and secure JV equity on behalf of the ownership. We welcome inquiries from both developers and capital partners.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning RSA5
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Exterior
Garage Spaces 21.0
Water Access N
Building
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District Philadelphia City
Others
Acceptable Financing Conventional,Cash,Negotiable
Listing Terms Conventional,Cash,Negotiable
Special Listing Condition Standard