Description
1601 Mount Vernon St. is a great opportunity for a developer or savvy investor to capitalize on a piece of Philadelphia history in a highly desirable historic neighborhood near Center City. On a 20’x100’ corner lot, with a building façade on 16th St. (20’x30’, with the rest of the property a vacant lot), professionals have created a best and highest use plan for this lot, having consulted with the Philadelphia Historical Commission, to erect 2 single family homes with parking (approximately 3,000+ sq. ft. each). Each single family home is estimated to be valued at well over $1M when completed. Please note this is not a final approval of the design of the building by the Historical Commission, but the design of the building is deemed to be generally responsive with what the Commission could likely approve (see the conceptual drawings in the documents section).
The existing historic structure/shell has meticulously restored front and side facades, a stabilized interior and exterior, a new roof, new joists, new basement foundation, and newer windows. There will be a zoning variance needed for parking/curb cuts.
This is a great opportunity to live in/build a slice of history, and create your own, as the home was lived in and belonged to abolitionist Robert Purvis, an Underground Railroad facilitator. The Spring Garden neighborhood features handsome preserved Victorian architecture, Green Street Dog Park, The Spring Gardens community garden, and many fine restaurants, and is walking distance to Center City and Rittenhouse Square, steps from the Art Museum and Whole Foods, Target, and other essential retail stores, with easy access to highways and University City.
The sale of 1601 Mt Vernon must be approved by the court as part of an Act 135 conservatorship proceeding.
Please see the documents section of this listing to view preliminary plans/drawings
Location
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Courtesy of: BHHS Fox & Roach The Harper At Rittenhouse Square Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 25th June, 2022 8:55 AM (UTC)
