2 Acres on Waterfront In Prime Location for Development By-Right De­vel­op­ment Po­ten­tial Pier25 is a by-right de­vel­op­ment site per­mit­ting a broad range of uses, in­clud­ing mul­ti­fam­ily, for-sale res­id­en­tial, re­tail, of­fice, and hotel. A re­cent highest-and-best-use ana­lysis iden­ti­fies mul­ti­fam­ily res­id­en­tial with sup­port­ing com­mer­cial uses as the op­timal de­vel­op­ment strategy. The prop­erty has also re­ceived prior de­vel­op­ment ap­provals, fur­ther en­han­cing its en­ti­tle­ment pro­file. Com­pel­ling In­vest­ment Op­por­tun­ity Shift­ing demo­graphic, cul­tural, and eco­nomic trends con­tinue to favor urban, wa­ter­front liv­ing, po­s­i­tion­ing Pier25 as a highly at­tract­ive long-term in­vest­ment. The site of­fers a rare op­por­tun­ity to ac­quire a prime wa­ter­front par­cel at today's mar­ket pri­cing, with sig­ni­fic­ant up­side po­ten­tial as mar­ket con­di­tions and de­mand drivers con­tinue to strengthen. These fun­da­ment­als are ex­pec­ted to sup­port sus­tained growth in res­id­en­tial and mixed-use de­vel­op­ment along Phil­adelphia's Cent­ral Wa­ter­front.

Source: BRIGHT MLS, MLS#: PAPH2576266