1617 N 2nd Street: Two ways to build here.
A 22,000 SF reinforced-concrete building on an 11,318 SF lot in Olde Kensington - positioned for adaptive reuse, vertical expansion evaluation, or redevelopment from grade.
The block is already moving.
The supplied neighborhood study places 1617 N 2nd Street within a quarter-mile of large-scale residential projects, boutique/loft conversions, retail and dining, and active construction.
A concrete podium that changes the redevelopment conversation.
The existing two-story structure is presented as reinforced concrete flat-slab construction with mushroom-cap columns and an open floor plate.
Start with 22,000 SF already standing.
For a developer, the value proposition begins with the existing structural system and clear floor area rather than a blank parcel alone.
Retain the podium - or rethink the site from grade.
The marketing materials frame two potential paths for a buyer to evaluate, subject to independent structural, zoning, entitlement and feasibility review.
Flexibility is the opportunity.
Evaluate retaining the existing concrete base and building above it.
Evaluate redevelopment from grade across the 11,318 SF lot.
A tax-advantaged investment framework worth evaluating.
The property is identified in the supplied offering materials as being within a Qualified Opportunity Zone (QOZ). For qualifying investments made through a Qualified Opportunity Fund (QOF), federal Opportunity Zone rules can provide tax advantages, subject to the investor, fund, transaction timing and property satisfying applicable requirements.
Investor note: QOZ location by itself does not automatically create a tax benefit. Eligibility depends on the investment structure and compliance with federal QOF/QOZ requirements. Buyers should consult their tax and legal advisers.
Same corner. A different expression.
The concept image illustrates how a five-story residential program could activate the corner. It is a marketing visualization, not an architectural design or approved development plan.
Five-story residential vision.
A contemporary masonry-and-glass concept demonstrates one possible design direction while keeping the website focused on the underlying real estate and development thesis.
The investor snapshot.
Key figures from the supplied property marketing materials, consolidated in one place for fast underwriting review.
Additional demographic figures in the supplied materials include +18% 19122 population since 2010, approximately 62% renter-occupied households, and median age approximately 28. Prospective buyers should independently verify all figures and applicability.
Evaluate the opportunity.
Developers, Qualified Opportunity Fund sponsors, QOZ investors and 1031 exchange buyers: request the offering details and current availability directly from Keren Niv.
Keren Niv
Real Broker, LLC
Philadelphia, PA
Co-broker cooperation welcome.
Information and figures shown are based on supplied marketing materials and are believed reliable but are not guaranteed. Prospective purchasers should independently verify property dimensions, structural capacity, zoning, Qualified Opportunity Zone status, 1031 eligibility, development potential, prior plans, demographics, approvals and financial assumptions. Conceptual imagery is illustrative only and is not an approved architectural or development plan.