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$940,000
Rare corner development opportunity in Norris Square featuring approved zoning plans and permits for a mixed-use building with 27 residential units and 1 commercial space, located within a Qualified Opportunity Zone (QOZ). The approved unit mix consists of 17 two-bedroom/two-bath units, 10 one-bedroom/one-bath units, and a ground-floor commercial space. The property currently includes a 6,120 SF masonry and steel building with high ceilings and two overhead doors, offering immediate flexibility for owner-users, storage, light industrial use, or rental income while development plans are executed. The existing zoning permit remains active through February 2029, allowing ample time to move forward with construction. In addition to the approved plans, a by-right alternative development concept has been prepared for 32 residential units plus 1 commercial space, consisting of 12 two-bedroom/two-bath units, 12 one-bedroom/one-bath units, and 8 studio apartments, providing additional density potential without requiring zoning relief. An exceptional opportunity for developers and investors seeking a new construction project with long-term upside in one of Philadelphia's rapidly evolving neighborhoods.

2254 N 3rd St, Philadelphia

Listing courtesy of KW Empower. Contact: vicki@kwempower.com

$125,000
Located in the rapidly developing Norris Square neighborhood, this vacant lot presents an exceptional opportunity for investors, builders, and developers alike. Zoned RSA5, the property offers the potential to build a new construction single-family residence with private parking, outdoor living space, or a modern city retreat in one of Philadelphia’s fastest-growing areas. The existing paved lot with gated access provides added flexibility and convenience for future development possibilities. Surrounded by ongoing revitalization and new construction projects, Norris Square continues to attract homeowners and investors seeking strong long-term growth potential. Enjoy close proximity to Norris Square Park, Towey Playground, local cafes, restaurants, coffee shops, grocery stores, and neighborhood favorites throughout Kensington and Fishtown. Convenient access to public transportation, Center City, Northern Liberties, and major commuter routes further enhances the appeal of this prime development opportunity. Please note the adjoining residence, 2225 N Waterloo Street, is also being offered for sale and may be purchased together with the lot as a package or separately.

2227 N Waterloo St, Philadelphia

Listing courtesy of Opus Elite Real Estate. Contact: (215) 395-6277

$269,900
Incredible shovel-ready development opportunity in the Temple University/Old Kensington corridor. This double lot at 508–510 Diamond Street is being offered with approved plans and permits for four residential units, allowing you to bypass the lengthy zoning and approval process and start construction immediately. The property is surrounded by ongoing redevelopment and new construction, with strong rental demand from both Temple University and the surrounding neighborhoods. With close proximity to public transportation, major access routes, and the growing amenities of Old Kensington and Fishtown, this site offers excellent potential for long-term value and cash flow. Ideal for builders or investors seeking a fully entitled project in one of Philadelphia’s fastest-growing markets.

508 Diamond St, Philadelphia

Listing courtesy of Keller Williams Main Line. Contact: 6105200100