Federal St, 19146- South Philly, Full-Block Development Opportunity!

South Philly | I-2 Zoning | 6-Parcel Assemblage | Full-Block Development Opportunity
xx01–xx11 Federal Street, Philadelphia, PA 19146

ATTENTION DEVELOPERS & COMMERCIAL INVESTORS!
Here’s a rare fully contiguous 6-parcel assemblage in South Philadelphia offered as one portfolio in one of the city’s most active new construction corridors. With I-2 zoning, in-place income from day one, a 5-story brick warehouse, workshop space, and two surface parking lots, this block offers immediate cash flow plus multiple development and adaptive reuse paths for investors looking to control an entire stretch with scale and flexibility.
 

🏚️Portfolio Breakdown:

2401–2403 Federal Street

• Surface parking lot
• 2 lots
• Each approx. 16' × 100'
• Income: $2,000/month
• Month-to-month tenancy

2405–2407 Federal Street

• Workshop building
• Approx. 30' × 100'
• Income: $4,400/month
• $1,700 + $2,700 basement income

2409–2411 Federal Street

• 5-story brick warehouse
• Approx. 16,000 sq ft
• Lot size: 32' × 100'
• Freight lift
• Anchor building / flagship structure

 
📍Zoning:

• I-2 Industrial Zoning

💰In-Place Income:

• Total current income: $6,400/month
• Income offsets carry while pursuing redevelopment, reuse, or entitlement strategies

 
💡Potential Exit Strategies:

1. Continue Industrial Operations

• Retain I-2 use
• Stabilize tenants
• Increase rents over time
• Cash flow from day one with no immediate disruption

2. Adaptive Reuse

• Convert warehouse into loft offices, creative studios, or flex industrial space
• Uses permitted by right under I-2 zoning (buyer to verify)

3. Build 2 New 5-Story Buildings

• Use parking lots + workshop parcel to develop two new 5-story buildings
• Create a 3-building full-block development alongside the existing warehouse

4. Residential / Mixed-Use Development

• Pursue ZBA variance or remap to RM-1 / IRMX
• Potential for apartments, condos, or mixed-use with commercial below and residential above
• Up to 5 stories depending on approvals

5. Parcel-by-Parcel Disposition

• Assemble, entitle, and sell off individual pieces at a premium

 
Why This Block:

• 6 fully contiguous parcels
• One seller, one transaction
• Income-producing from day one
• Located in a fast-growing South Philly corridor
• Existing 5-story warehouse adaptable to multiple uses
• Surface lots create flexible phasing and demolition options
• Surrounded by ongoing residential and mixed-use development

📞☎️Call or text our team at: 215-395-6211

Showings and site tours by Appointment Only – Serious, Qualified Buyers Only.