The large corner building at Passyunk and Morris that houses the Interior Concepts furniture store has come onto the market for $2.9 million.
And the listing suggests tearing the sucker down and building a taller mixed-use building plus four townhouses at the back of it.
The listing by Coldwell Banker Preferred tries to make the case for the asking price:
Situated in the best possible location in East Passyunk, this building sits on a lot that is 6,716 sq. ft. and is zoned CMX-2.5 allowing for building heights of 55 feet. The current building has over 57 feet of window frontage on this bustling section of Passyunk Ave. spanning over three addresses and also has a depth of 116’ feet on Morris St.
The listing says you could have four 2,700 square foot houses on the lot, plus plenty of room for a retail rental and apartment building facing the corner. Too much building?
Or you can keep it as is and play with the conveyer belt:
The property also is equipped with steel reinforcements, an elevator, and conveyor belt going to the second floor.
The furniture store, which is still open, does provide a certain level South Philly charm, proving a demand for lucite tabletop sculptures. But even though that is a prime corner, $2.9 million?