Property Description

Approved 6-lot residential subdivision opportunity in the heart of Newbold / Passyunk Crossing. The property is currently identified as 1328–36 S Broad Street and has been subdivided into six approved residential lots with pending addresses of 1331–41 S Carlisle Street. RSA-5 zoning approvals, subdivision approvals, approved deeds, curb cut access from Reed Street, and recorded rear access easements are already in place, significantly reducing entitlement risk and pre-development timelines for an experienced urban residential developer. The site’s unique corner positioning and 12-foot rear access easement create the potential for larger-format luxury residential homes with approximately 2,900+/- square feet of living area and rare two-car rear-access parking configurations. The layout supports a differentiated product type not commonly available in surrounding South Philadelphia infill developments. Located steps from Passyunk Avenue, Broad Street, and Center City Philadelphia, the surrounding market has demonstrated strong absorption for premium new construction product, with nearby luxury residential comps supporting potential outsale pricing exceeding the $1M range depending on final design, specifications, and parking configuration. This is a rare opportunity to acquire a substantially de-risked residential development site in one of Philadelphia’s most consistently active and supply-constrained residential submarkets. Subdivision plans, approved deeds, easement documentation, and zoning information available upon request

Property Features

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