265 W BERKS STREET Overview
- Time on Site:
- 377 days
- Visits:
- 20
MSC is pleased to exclusively present the opportunity to acquire 265 W. Berks Street & 272 W. Norris Street, a large-scale development site totaling approximately 131,249 square feet (3.01 acres) located at the heart of Philadelphia's rapidly transforming American Street Corridor. Positioned within three miles of Center City and adjacent to thriving neighborhoods such as Fishtown, Northern Liberties, and Olde Kensington, this site offers investors and developers unparalleled access to one of the city's most active growth zones. The property is situated in a combined ICMX & CMX-2 commercial zoning district, providing generous by-right density and height allowances suitable for a wide range of development scenarios including mixed-use, commercial, and institutional uses. Its placement within the Mixed-Income Neighborhood (MIN) Overlay encourages affordable housing integration and may unlock incentives for qualifying developers. Surrounding the site are significant anchors of culture, retail, and innovation including the Crane Arts Building, The Clay Studio, and NextFab, alongside national retail tenants such as The Learning Experience, Movement Gym, and Grocery Outlet. The property also benefits from excellent public transportation access and walkability, positioning it as a cornerstone of the corridor's next phase of revitalization. This offering represents a unique chance to control a large-scale, transit-accessible, and development-ready site in one of Philadelphia's most exciting and evolving submarkets.
265 W BERKS STREET Facts & Features
- Type Commercial
- Lot 2.55 Acres
Details
General
Listing Information
- Real Estate Owned: No
- Short Sale: No
Building Information
- New Construction: No
- Year Built: 1945
Business Information
- Business Type: Big Box Retail,Auto Related,Apartment Building,Institutional,Medical,Professional,Recreation,Supermarket/Grocery Store,Theater,Warehouse
Location/Region
- Country: US
- County: PHILADELPHIA
- County Or Parish: PHILADELPHIA
- MLS Area Major: 19122 (19122)
Parking Information
- Total Parking Spaces: 0
- Type of Parking: None
Tax Information
- City/Town Tax: 57821.00
- City/Town Tax Payment Frequency: Annually
- County Tax Payment Frequency: Annually
- School Tax: 73593.00
- Tax Annual Amount: $131,414.00
- Tax Assessed Value: 9388100.00
- Tax Year: 2024
General Information
- Property Sub Type: Land for Commercial Use
- Property Type: Commercial Sale
- School District Name: PHILADELPHIA CITY
- Special Listing Conditions: Standard
- Vacation Rental: No
- Year Assessed: 2025
- Zoning: ICMX
Interior
Building Information
- Cooling Fuel: None
- Heating Fuel: None
- Total Drive In Doors: 0
Parking Information
- Garage: No
Building Interior
- Building Area Source: Assessor
- Central Air: No
- Hot Water: None
General Information
- Accessibility Features: None
- Cooling: None
- Heating: None
Exterior
Building Information
- Total Loading Docks: 0
Lot Information
- Lot Dimensions Source: Assessor
- Lot Size Acres: 2.55
- Lot Size Dimensions: 264.00 x 490.00
- Lot Size Source: Assessor
- Lot Size Square Feet: 111264.00
- Lot Size Units: Square Feet
- Water Source: Public
Waterfront/View
- Water Oriented: No
- Water View: No
- Waterfront: No
Building Exterior/Construction
- Construction Materials: Masonry
General Information
- Number Of Units Total: 5
- Sewer: Public Sewer
- Water Access: No
265 W BERKS STREET Neighborhood
Community
19122 (PHILADELPHIA) Demographics
265 W BERKS STREET Monthly Cost
265 W BERKS STREET Market Data
Based on the last 30 days in this zip code
265 W BERKS STREET History
| Date | Value | Agent |
|---|---|---|
| 6/18/2025Source: BRIGHT MLS | June 18, 2025 |
Contact Information: 2155682600