56-62 N 60th St, Philadelphia, PA 19139

Property Description

Loonstyn Brothers Realty LLC is pleased to present the opportunity to acquire 56–62 N 60th Street, a 4,320-square-foot corner development site located in the Haddington section of West Philadelphia. Positioned at the southwest corner of N 60th and Arch Streets, the property is situated one block north of Market Street and within close proximity to neighborhood retail, public transportation, and established residential blocks. The property consists of four contiguous tax parcels currently operated together as a 14-space surface parking lot. The level, approximately rectangular site offers roughly 64 feet of frontage along N 60th Street and approximately 67 feet along Arch Street. Its corner configuration, existing curb access, street visibility, and access to municipal utilities provide a functional foundation for a future development program, subject to a purchaser’s independent investigation and all required approvals. The site is zoned CMX-2, Neighborhood Commercial Mixed-Use, a classification intended to accommodate neighborhood-serving commercial activity together with residential uses. The existing zoning provides a potential path for mixed-use redevelopment, while the site’s physical characteristics may appeal to purchasers evaluating residential-oriented development concepts. All prospective purchasers should independently verify permitted uses, dimensional requirements, allowable density, ground-floor use requirements, parking requirements, and any zoning relief that may be necessary for their proposed plans. Until redevelopment occurs, the property benefits from its existing parking operation. The appraisal reports that the lot contains 14 spaces and has historically operated at or near full occupancy, providing a purchaser with the potential for interim income while evaluating plans, design, financing, and approvals. The continued operation and economics of the parking use should be independently verified by prospective purchasers. The property is located approximately one block from the 60th Street station on SEPTA’s Market- Frankford Line, providing direct rail access to University City, Center City, and the 69th Street Transportation Center. Additional SEPTA bus service is available along N 60th Street and nearby Market, Chestnut, Walnut, and Spruce Streets. With four contiguous parcels, a prominent corner location, CMX-2 zoning, existing parking income, and convenient access to public transportation, 56–62 N 60th Street offers investors and developers a flexible urban infill opportunity in West Philadelphia.