1023-27 West Susquehanna Avenue
Land | 9,134 SqFt
Marketing description
This offering presents the opportunity to acquire a ±9,134 SF land assemblage at 1023-27 W. Susquehanna Avenue in North Philadelphia's 19133 ZIP code, situated within blocks of Temple University's main campus, athletic facilities, and student housing. Fronting W. Susquehanna Avenue, the irregular parcel offers scale, subdivision optionality, and a ready-to-entitle land position in one of Philadelphia's most active university-adjacent submarkets.
Fronting W. Susquehanna Avenue, this larger irregular parcel offers scale and flexibility for a range of uses. Its size has previously been marketed as sufficient for subdivision into multiple lots, offering optionality for a purchaser pursuing either a single larger development or a multi-lot strategy, subject to zoning relief or a variance where applicable.
The site sits directly alongside the partially completed development at 2201-09 N. 11th St., which is separately offered - allowing a purchaser to control both frontages in a single, coordinated development program.
Investment highlights
- Scale on a Single Site — At ±9,134 SF (80.83' x 113', irregular), the parcel offers scale and flexibility for a range of uses — a rare contiguous land position this close to Temple's campus.
- Irreplaceable Location — Steps from Temple University's main campus, athletic facilities, and student housing, fronting West Susquehanna Avenue in one of North Philadelphia's most active university-adjacent submarkets.
- Subdivision Potential — Prior marketing materials indicate the parcel is large enough to be split into multiple lots, subject to City approval — offering optionality for a single larger development or a multi-lot strategy.
- Attractive Land Basis — The $700,000 asking price equates to approximately $77 per square foot of land — below the ±$200/SF blended basis of the broader two-assemblage portfolio.
- Assembled Land Position — The contiguous parcels at 1023–1027 W. Susquehanna Ave. are delivered together in a single transaction, reducing site-assembly and entitlement risk for a future developer.
- Transit-Served — The surrounding area is served by SEPTA bus routes and the Susquehanna–Dauphin Broad Street Line station, with Temple's campus and recreational facilities in immediate proximity.
- Deep Development Demand — Temple University's 30,000+ student population and the surrounding institutional corridor drive sustained, long-term demand for new housing and neighborhood-serving development near campus.
- Adjacent Asset Available — The neighboring, lender-owned partially completed development at 2201–09 N. 11th St. is separately offered at $2,000,000, allowing a purchaser to expand the footprint and size the acquisition to their capital program.
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