2743-2777 Frankford Avenue, a 32,887 SF assembled development site with 331 contiguous feet of frontage on the East Kensington stretch of the Frankford Avenue corridor. Eleven parcels are held under single ownership and sold whole, so the buyer takes on no holdouts and no assemblage risk.

The site is zoned CMX-2, where multifamily over ground-floor commercial is allowed by right. The project needs no variance and no zoning board approval. A completed concept study by NORR supports a 93-unit mixed-use program with more than 6,000 SF of ground-floor commercial space. The Transit-Oriented Communities overlay provides the density bonus, and no vehicle parking is required.

The property sits two blocks from Somerset Station on the Market-Frankford Line. The corridor is a Walker's Paradise with a Walk Score of 90. The nearby rental market has also recovered. Over the past year, vacancy in new construction within half a mile fell from 27.5% to 14.1%, and effective rents rose 11%, while few new projects are being delivered.