Building

Summary

  • Offering Price $975,000
  • Lot Size SF 3,900
  • Building GSF 19,500
  • Building RSF 14,408
  • Units 18
  • Beds 46

Prime Student Housing Location: Excellent location in the University City student housing market. The site is located within walking distance of Drexel University. This is an extremely rare opportunity for a ground-up development site so close to campus.

Fully Approved Plans: Plans are fully approved and set up for developers to come in and deliver high-quality student housing on campus very quickly. The parcel on Mount Vernon Street totals 3,900+ SF with plans in place to construct 18 units with 46 beds.

Transit Friendly: Access to SEPTA Market-Frankford Subway Line, Bus and Trolley Routes, and Regional Rail Line (University City and 30th Street Stations)

Strong Student Demographics: Drexel University attracts some of the wealthiest students in the world. It is a private school with tuition costing $60,000+ per year. Further, the cost for on-campus at Drexel is $950+ per month per student. With this wealthy demographic, you have the opportunity to be rewarded for the Class-A student housing project.