246 S 59TH STREET, PHILADELPHIA, PA 19139 | MLS #PAPH2620866 | Berkshire Hathaway HomeServices Fox & Roach

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246 S 59TH STREETPHILADELPHIA, PA 19139

Vacant Land · 0.25 Acres
$1,088,000 ACTIVE

246 S 59TH STREET Overview

Time on Site:
42 days
Visits:
2

246 S 59th St Philadelphia, PA 19139 Rare opportunity to acquire a fully approved 96-unit mixed-use development site in the heart of West Philadelphia. This CMX-2 zoned project comes with approved zoning plans and architectural drawings already completed, saving a developer significant time and entitlement risk. The approved plans call for: ' 96 residential units ' 2 commercial spaces ' 6 parking spaces ' 34 bike parking spaces ' Approx. 76,986 GSF development The project utilizes both the Green Roof Density Bonus and Mixed Income Housing Bonus, allowing for increased scale in a rapidly developing corridor near University City. Located on a large corner footprint with strong visibility and easy access to public transportation, this site is ideally positioned for a long-term hold, build-to-rent strategy, affordable housing component, or institutional multifamily development. Property highlights: ' Fully approved zoning permit ' Architectural plans included ' CMX-2 zoning ' Large ±28,538 SF lot ' Strong rental market ' Transit-oriented location ' Tax abatement potential ' Significant scale in growing West Philly corridor This is an outstanding opportunity for developers looking to capitalize on one of Philadelphia's strongest rental and redevelopment markets. Full zoning package, plans, and due diligence available upon request.

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246 S 59TH STREET Facts & Features

  • Type Vacant Land
  • Lot 0.25 Acres

Details

General

Association/HOA

  • Association: No

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Business Information

  • Current Use: Land/Lot Only

Location/Region

  • Country: US
  • County: PHILADELPHIA
  • County Or Parish: PHILADELPHIA
  • MLS Area Major: 19139 (19139)
  • Subdivision Name: COBBS CREEK

Tax Information

  • Tax Annual Amount: $6,373.00
  • Tax Assessed Value: 455000.00
  • Tax Year: 2026

General Information

  • Inclusions: All attached
  • Property Sub Type: Land
  • Property Type: Land
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Zoning: CMX2

Interior

Parking Information

  • Garage: No

Building Interior

  • Central Air: No

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 0.25
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 10890.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

General Information

  • Farm Land Preservation: No
  • Sewer: Public Sewer
  • Water Access: No

246 S 59TH STREET Neighborhood

Community

19139 (PHILADELPHIA) Demographics

34
Median Age
25,517
Population Density (per sq. mile)
24%
College Educated
$30,490
Estimated Median Income
7,517
Estimated Total Home Owners
10,667
Estimated Total Renters
41% / 59%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

246 S 59TH STREET Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

246 S 59TH STREET Market Data

Based on the last 30 days in this zip code

$196,722
Average List Price
$141
Average Price per Square Foot
16
Properties Sold
113
Average Days on Market
215
Properties for Sale
Calculations provided by Reliance Network

246 S 59TH STREET History

Date Event Value Agent
5/18/2026Source: BRIGHT MLS Added to Database
May 18, 2026
Listing provided courtesy of Tesla Realty Group, LLC- MLS# PAPH2620866MLS ProviderContact Information: [email protected] - 8448375274