1301 W Cumberland St, Philadelphia, PA 19132

Property Description

1301 W Cumberland Street is a 16,248 SF corner building on a 5,739 SF lot in North Philadelphia, delivered in shell condition and ready for a developer's vision. A use permit for 24 apartments was issued in 2021, giving a buyer a defined path to a multifamily project. The shell condition is an advantage: there are no existing finishes to demolish and no tenants to work around. The corner position provides two street frontages, bringing light and air to multiple sides of the building and flexibility in unit layouts and entrances. At roughly 677 gross SF per permitted unit, the building suits an efficient mix of apartments. The property sits one block off North Broad Street, close to the Broad Street Line and Temple University, in a part of the city with steady rental demand and continued investment. Property highlights 16,248 SF building in shell condition 5,739 SF corner lot with two street frontages Use permit issued in 2021 for 24 apartments Zoned I-2 Close to North Broad Street, public transit, and Temple University