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Tamika R. Johnson

tamika@tamikajohnson-realtor.com +1(240) 602-4348

Listed by Ryan McManus • Keller Williams Liberty Place

$ 2,365,000

Est. payment -/mo

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Active

1317-21 IRVING ST Philadelphia, PA 19107

3,780 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Center City

MLS Listing ID PAPH2535196

Year Built 1886

Available Date 2025-09-08

Annual Tax Amount $5,205

Tax Year 2024

Lot Size 3,780 Sqft

Acres 0.09

Lot Dimensions 54.00 x 70.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Introducing" "The Library Tower" assemblage on Irving Street in downtown Philadelphia, Pennsylvania. With a highly coveted CMX4 zoning designation, this premier assemblage of historic properties presents an ideal canvas for historic redevelopment aficionados. Capable of rising 20-storeys high into the sky with up to 128 apartment units, The Library Tower can be treated as several proposed concepts if high-rise development is not preferred. Please request alternative concepts "B" & "C" from listing agent if desired. 1317-21 Irving can accommodate up to 16 apartment units on its own with ±16,340 SF buildable. The historic facades must be preserved due to the Washington Square West Historic District overlay but it creates a distinguishing factor for a totally unique, architecturally-inspired redevelopment. The redevelopment qualifies for a FULL 10 yr tax abatement based on renovations of the existing structures; pay taxes on the present assessed value rather than the value of the improved structure(s). Qualify for lucrative state and federal historic tax credits to offset construction costs (see below for more info). Surrounded by the city's best amenities, transportation hubs, restaurants, cafes, shops, employers, healthcare centers, bars and nightlife, The Library Tower assemblage is a bulletproof real estate investment opportunity in a Top-10 USA MSA. Centrally located in the urban core in the vibrant Midtown Village neighborhood and tucked away on a quiet, residential street with "street to street" access (Irving to Latimer), the site allows for an easy construction process in terms of access/egress for trades and potential cranes on site in the heart of the city — an extreme rarity. Severe high-barriers-to-entry exist in Center City Philadelphia, as the availability of dense urban infill sites wanes due to high rental demand in one of the most historic, yet contemporary and cosmopolitan cities in the nation due to its culture, connectivity, commerce, cuisine, quality of life and top-tier universities, employers, historic sites and professional sports teams.

Location

State PA

County Philadelphia

Area 19107 (19107)

Zoning CMX4

Interior

Hot Water Other

Heating Other

Cooling Other

Heat Source Other

Exterior

Garage Spaces 2.0

Water Access N

View City

Accessibility None

Total Parking Spaces 2

Garage N

Building

Lot Description Additional Lot(s)

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 884010060

Ownership Fee Simple

Special Listing Condition Standard

Tamika R. Johnson

Broker Associate | License ID: 607079

+1(240) 602-4348

Tamika R. Johnson

1317-21 IRVING ST Philadelphia, PA 19107

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1317-21 IRVING ST