252-254 Richmond Street - Development 254 Richmond St Terrain 0,03 ha À vendre 926 102 € Philadelphia, PA 19125

Global Real Estate Advisors (GREA) extends to well-qualified investors the unique opportunity to acquire the fee simple interest in 252–254 Richmond Street, positioned in the Heart of Fishtown’s Residential Boom.
In the ever-evolving landscape of Philadelphia real estate, few neighborhoods have seen the meteoric rise of Fishtown. Once an overlooked industrial enclave, Fishtown has transformed into a vibrant cultural and residential hub, drawing attention from developers, homebuyers, and investors alike. Amid this thriving backdrop, the offering at 252–254 Richmond Street stands out as a rare and highly promising opportunity.
Comprised of two adjoining parcels totaling approximately 3,195 square feet, this development site is zoned RSA-5, allowing for by-right single-family residential construction. Located just steps from the heart of Fishtown, the site offers the flexibility and scale needed for a lucrative multi-unit townhome development or a pair of spacious, luxury residences. With RSA-5 lots requiring a minimum of 800 square feet per home, the size and shape of the lot opens the door for thoughtful subdivision and modern infill construction.
The asking price of $1,075,000 reflects a per-square-foot land cost of $336, a competitive entry point in a neighborhood where new construction sales continue to push boundaries. This is a site with clear upside potential, not only due to its location but also due to the strength of the surrounding residential market.
Recent townhome sales in the area further underscore the opportunity. Newly built homes just blocks away demonstrate a clear appetite for well-designed, high-end urban housing in Fishtown. Smaller homes with efficient layouts have also commanded strong pricing.
For a developer with vision, 252–254 Richmond offers more than just raw land - it offers a platform to deliver a product in one of Philadelphia’s most bankable neighborhoods. The site is surrounded by established residential blocks, walkable amenities, and a strong buyer pool that values both location and lifestyle. It is a place where modern townhomes do not just sell, they often spark bidding wars.
This is an opportunity to enter a red-hot submarket with a clear, proven strategy: develop for a sophisticated urban buyer looking for space, style, and a neighborhood they can grow into. Whether you aim to build two expansive residences or explore a denser configuration under the RSA-5 code, the fundamentals here are strong. This offering invites a bold developer to take part in the next chapter of Fishtown’s residential story.