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400-10 N. 6th Street

621-39 Callowhill Street

East Callowhill Development Opportunity

FOR SALE | PHILADELPHIA, PA

OFFERING MEMORANDUM

Colliers International (“Broker”), as exclusive marketing representative of 400-10 N. 6th Street & 621-39 Callowhill Street, Philadelphia, PA (“Seller”) is solely authorized to present this property investment offering (the “Offering”).

Prior to submitting an offer to purchase 400-10 N. 6th Street & 621-39 Callowhill Street, Philadelphia, PA (the “Property”), interested parties should perform and rely upon their own investigations, analyses, estimates and projections and otherwise satisfy any concerns regarding material aspects of the proposed transaction including, but not limited to, legal, municipal, environmental, operational, seismic, financial and physical issues, and all other matters affecting or pertaining to the Property. The Seller will be offering the Property including all appearances and improvements, solely on an “As Is, Where Is” basis, without any representations or warranties. No person, including the Broker, is authorized to make any representation or warranties on behalf of the Seller regarding the Property. Any and all information regarding the Property provided to any interested party by the Seller or Broker including all information obtained in the Offering, is provided without any representation or assurance, expressed or implied, regarding the accuracy, completeness or current status of applicability of such information. Each interested party is expected to undertake such reviews and investigations and make such inquiries as such party may believe to be necessary, appropriate or advisable for the purpose of forming a decision to make an offer to acquire the Property.

The material contained herein is confidential and is presented strictly as information for the exclusive use of the prospective purchaser. Receipt and review of this Offering by the prospective purchaser constitutes an agreement not to divulge, share or distribute the information to any other party, except the prospective purchaser’s legal counsel and financial advisors, without the prior specific written authorization of the Seller or Broker. Each prospective purchaser shall also agree to and comply with the provisions of the confidentiality agreement executed by such prospective purchaser if requested by Broker.

This Offering is submitted subject to errors, changes, omissions, changes in price, market and other conditions. It contains selected information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that prospective purchasers may desire. It should be noted that any and all market analyses, estimates and projections contained in this offering are provided for general reference purposes only and are based on assumptions related to the general economy, competition, real estate market trends, and other factors beyond the control of the Seller or Broker. Such analyses, estimates and projections are therefore subject to material variation, and may not be consistent with the views or assumptions held by other professionals.

Photocopying or other duplication of this offering is not authorized.

Contact Us:MICHAEL KAHAN Vice President direct +1 215 928 7564 mobile +1 267 240 1587 [email protected]

MICHAEL BARMASH Senior Managing Director/Principal direct +1 215 928 7519 mobile +1 267 235 5306 [email protected]

BOB BECKMAN Senior Finance Director direct +1 215 928 7508 mobile +1 215 850 3422 [email protected]

EXCLUSIVE REPRESENTATIVES:

DEBT & EQUITY ADVISOR:

Confidentiality & Disclaimer Statement

COLLIERS INTERNATIONALTen Penn Center 1801 Market Street, Suite 500Philadelphia, PA 19103+1 215 925 4600www.colliers.com/philadelphia

COLLIERS INTERNATIONAL P. 2EAST CALLOWHILL DEVELOPMENT OPPORTUNITY | OFFERING MEMORANDUM

Table of Contents

Executive Summary

4 The Offering

5 Investment Highlights

6 Area Overview

10 Zoning Summary

11 Site Images

12 Site Maps

Market Overview

14 Greater Philadelphia Area Overivew

16 Philadelphia Fast Facts

18 Opportunity Zones


COLLIERS INTERNATIONAL P. 4EAST CALLOWHILL PORTFOLIO | OFFERING MEMORANDUM

Colliers International is pleased to offer for sale two properties (400-10 N. 6th Street & 621-39 Callowhill Street) with an incredible development opportunity. Located within the East Callowhill neighborhood of the City of Philadelphia, this offering presents investors or developers a valuable opportunity to establish a foothold in an increasingly desirable and rapidly transforming area.

This asset is poised for redevelopment into a variety of uses including Residential Uses (single family townhomes, low rise apartments, condos), Charter School, Senior Housing/Independent Living, and more. Located within a Federal Opportunity Zone, the properties are designated by the federal government as areas eligible for preferential tax treatment on new investments.

The Offering


Offering Summary ADDRESS 400-10 N. 6th Street,Philadelphia, PA

621-39 Callowhill Street, Philadelphia, PA

OWNER Phila Ball Roller Bearing Co. John & Mary Orlando H/W

ASSESSED $1,432,200 $1,364,200

LAND AREA SF/AC 23,348 / 0.54 24,110 / 0.55

BUILDING 15,400 sf 15,060 sf

ZONING CMX-3 CMX-3

TAXES $20,048 (2019) $18,973 (2019)

Investment Highlights

Logical Location Primed for InfillThe sites of this offering are within a defined area bordered on all sides by

the City’s most well established or rapidly growing neighborhoods - Old City, Northern Liberties and Spring Arts - making it “the hole in the donut.” In

addition, the Waterfront, with its placemaking attractions and amenities, is just to the East and the much anticipated Rail Park, Philadelphia’s “High Line,” is

currently under construction just to the West (Phase 1 is completed).

Exceptional AccessAccess is extremely convenient for pedestrians, transit riders and cars alike.

Walkable and bikeable connections join the area to neighboring communities and local bike share Indego hosts multiple stations nearby. Spring Garden Subway

Stations (both Market Frankford Line & Broad Street Line) are less than a fifteen minute walk from the sites, and bus route 47 stops right at the corner of the

property. Major roadways I-95 and I-676, the Benjamin Franklin Bridge to New Jersey, and cross city arterial routes (Callowhill, Spring Garden and Columbus) can

all be hopped on in just seconds by car.

Desirable Zoning for RedevelopmentA recent rezoning change took this area from an I-2 (Industrial) to CMX-3 (Community Commercial and Residential Mixed Use) designation and has

opened up the possibility for residential, commercial, and office development.

Transformation Taking Hold in East CallowhillThe area is already seeing the effect of the rezoning change. Immediately to the North, the massive SONO mixed use redevelopment features both

Target and Yards Brewery, with plans for a new building with 50 apartment units and 11,000 SF of retail space. Several large properties in the area have

recently sold or are being actively marketed.


Several Neighborhoods Influence the Site:

Northern LibertiesPerpetually labeled as Philadelphia’s “up-and-coming” neighborhood for many years, the former manufacturing district of Northern Liberties has been transformed into a hearty, progressive, artist-heavy area, filled with young millennials lured by affordable studio rents. This collection of like-minded folk has given birth to a variety of bars, restaurants, and boutiques, whose popularity has only been helped by the high walkability of the neighborhood and environment-friendly construction patterns.

Bounded by Girard Avenue and Callowhill Street to the north and south, respectively, and the Delaware River and Sixth Street to the east and west, respectively, Northern Liberties has emerged as one of Philadelphia’s top dining areas, and possesses a strong nightlife scene propped up by numerous craft beer establishments.

FishtownChristened so due to its history as the epicenter of the city’s fishing industry, Fishtown has slowly but surely evolved into what is now considered one of the most “millennial” places to live in the United States. Bursting at the seams with vibrancy, the area has frequently been cited as a premier example of neighborhood rebirth and reinvigoration. The area has seen a steep escalation in rents over the past decade as it has drawn crowds with its thriving independent music scene, vast array of global foodstuffs, and easy access to the main arteries of Philadelphia’s transportation system. Nestled directly to the northeast of Northern Liberties, Fishtown’s yuppie scene is complemented by a strong demographic of empty-nesters, eager to reside in the thick of modern culture.

Area Highlights


Old CityThe charming Old City neighborhood is the heart of Philadelphia’s historic significance, and in some ways, the birthplace of American politics and governance. The neighborhood is home to two of the most iconic landmarks in the United States – Independence Hall and the Liberty Bell. Its historical importance is only emphasized by the presence of the National Constitution Center, a nonprofit, nonpartisan institution devoted to explaining the founding documents of the United States.

Old City is also remarkable for being one of Philadelphia’s most popular nightlife destinations, with a plethora of lounges, dive bars, and renowned restaurants at one’s disposal. The 3rd Street Corridor is home to countless galleries, boutiques, and locally owned business establishments.

The Independence Mall has recently undergone significant renovations, and The Collection at Independence promises to bring a mixed-use lifestyle center to the area, as well as technological and aesthetic upgrades throughout the complex’s common areas.

WaterfrontThe Delaware River Waterfront, also known as Penn’s Landing, is just short walk from Old City and Historic Philadelphia Commercial development of the area is handled by the Delaware River Waterfront Corporation, another nonprofit founded in 2009 to oversee the public land along the Waterfront.

The area hosts a number of family-friendly attractions and events all year long, including Spruce Street Harbor Park, Screenings Under the Stars, and the Independence Seaport Museum.

Prominent entertainment venues are open along the Waterfront, including the redevelopment of Cherry Street Pier – after a $4 million renovation, the Pier now boasts numerous entertainment amenities, including countless food vendors, a marketplace, artists, and an open-air garden. Additionally, the food and entertainment aspects of the Philadelphia Piers, including the Philadelphia Marine Center, Morgan’s Pier, and Dave & Busters, offer a variety of experiences for both children and adults.


East Callowhill District Transformation

Recent Acquisition for Future

Development

Purchased for

Rvdlpmnt

Recent & Projected Area Development

Under Redevelopment

Phase 1 Complete

On Mkt

Purchased for Redevelopment


Development


Development

THE PHILADELPHIA CITY ARCHIVES


SONO MIXED-USE DEVELOPMENT Yards Brewing Company opened their 70,000-square-foot brewery and tap room in November 2017; the City of Philadelphia’s Archives Department opened their 70,000-square-foot facility in April 2018; and Target opened their 50,000-square-foot “urban format” retail store in August 2018. In 2019, Alliance will develop a ground-up, mixed-use building with 50 apartment units and 11,000 square feet of retail space.

THE RAIL PARK The much-anticipated transformation of the Reading Viaduct is officially underway. The three-mile raised park spans from Center City to Fairmount Park and will link 10 neighborhoods and 50 city blocks. The first phase is complete—filled with pathways, greenery, and bench swings with amazing city views.

SPRING ARTS Local developer Craig Grossman, in conjunction with the city’s Mural Arts Program, has commissioned artists to install nine permanent murals composing a revolving outdoor gallery to help define the Spring Arts District (the stretch between 8th and 12th, and from Noble to Spring Garden Streets) highlight several properties under redevelopment there.

Recent & Projected Area Development (cont’d)

LIBERTY ON THE RIVERA six-building development by Barton Partners that would transform a section of the waterfront off Columbus Boulevard with housing, retail, and public space. The first phase in the project went in front of the Civic Design Review (CDR) early this month to mostly positive response. The buildings, which will reach about 240 feet high, will include a hotel, senior living, multi-family homes, retail, open space, and access to the Delaware River Trail, which runs through the property.


CMX-3 Zoning SummaryBonus FAR = Up to 300%

Bonus Categories:• Mixed Income Housing• Green Building

Max. Occupied Area is 75% of the Lot

Side Yard 8’ if used for dwellings

Dimension StandardsMax. Occupied Area Lot: Intermediate: 75%; Corner: 80%

Min. Side Yard Width 8 ft. if used for building with dwelling units

Max. FAR 500%; up to an additional 300% with bonuses

The Philadelphia City Council Bill 160920 passed in December of 2016 amended the buildable height available to a developer from the 500% FAR allocated in normal CMX-3 districts to a 65’ height limit. With traditional floors measuring 10’ in height, this property could be developed into a 6-story mixed-use asset “by right”. This includes all uses ranging from multi-family to office to retail.

Uses permitted as of right: Household Living; Group Living; Recreation; Day Care; Educational Facilities; Fraternal Organization; Hospital; Libraries and Cultural Exhibits; Religious Assembly; Safety Services; Transit Station; Utilities and Services-Basic*; Wireless Service Facility; Office; Building Supplies and Equipment; Consumer Goods (except Drug Paraphernalia and Guns); Medical Marijuana Dispensary; Food, Beverage, and Groceries; Pets and Pet Supplies; Sundries, Pharmaceuticals, and Convenient

Sales; Wearing Apparel and Accessories; Animal Services (except boarding and other services); Assembly and Entertainment* (except Amusement Arcade, Casino, and Pool or Billiards Room); Building Services; Business Support; Eating and Drinking Establishment; Financial Services (except Personal Credit Establishments); Funeral and Mortuary Services; Maintenance and Repair of Consumer Goods; Surface Parking*; Structured Parking; Personal Services (except Body Art Services); Radio,

Television, and Recording Services; Visitor Accommodations; Personal Vehicle Sales and Rental; Personal Vehicle Repair and Maintenance; Vehicle Fueling Station*; Vehicle Equipment and Supplies Sales and Rental; Artist Studios and Artisan Industrial; Research and Development; Community Garden; Market or Community-Supported Farm*Uses requiring special exception approval

BY RIGHT USES:


Site Images


PENNSYLVANIA NEW JERSEY

DELAWARE

NEW YORK

MARYLAND

OHIO

WEST VIRGINIA

D.C.

VIRGINIA

Philadelphia County

Center City Philadelphia

PENNSYLVANIA

USA MID ATLANTIC REGION PHILADELPHIA COUNTY

CENTRAL BUSINESS DISTRICT

CENTER CITY PHILADELPHIA

Site Maps


OLD CITY

SPRING ARTS

NORTHERN LIBERTIES

WAT

ERFR

ONT

FISHTOWN

CHINA TOWN

NORTH

BEN FRANKLIN BRIDGE (To New Jersey)

DELAWARE R

IVER

SPRING GARDEN STREET

C

OLUM

BUS

BOUL

EVAR

D

GIRARD AVENUEGirard Station8,915

people

4,397households

$112,532average HHI

WITHIN 1/2 MILE

36,638people

19,505households

$95,645average HHI

WITHIN 1 MILE

207,209people

99,007households

$84,222average HHI

WITHIN 2 MILES

1/2 MILE

Spring Garden Station

FRANKLIN SQUARE PARK

Site Aerial

FUTURE RAIL PARK


Greater Philadelphia OverviewGreater Philadelphia is a major, natural hub of the Northeast Corridor. It is situated on the Delaware River at the center of the most prosperous, densely populated region in America. More than 100 million people are within a one-day drive of Philadelphia. The Greater Philadelphia market area spans thirteen counties in Southeastern Pennsylvania, Southern New Jersey and Northern Delaware. Philadelphia boasts strong economic fundamentals. The Philadelphia Region ranks ninth in terms of gross metropolitan product, fifth in terms of personal income and is the nation’s fourth largest media market. The strength and desirability of Greater Philadelphia is characterized by its economic diversity and population density.

Philadelphia is Pennsylvania’s largest city, the business capital of the state, and ranks second in size only to New York City on the East Coast. Within a 300-mile radius is an intermediate market containing 20% of the United States population and 25% of its disposable income. Philadelphia is 130 miles northwest of Washington, DC and 90 miles southwest of New York City.

1st millennial growth rates

in housing value and opportunity among top metros1st

MILLION

lowest office rental rates among top metros2nd

largest metro in the Northeast, with $432 billion in GRP3rd

Energy

largest media market4th

largest population, with 6.3 million people5th

Key Industries

Financial & Professional

Services

Information Technology

Innovation & Entrepreneurship

Life Sciences & Healthcare

Logistics Manufacturing

Source: Select Greater Philadelphia Council


World Class Transportation Infrastructure

RAIL Philadelphia is at the heart of the Northeast Corridor rail system. Amtrak’s 30th Street Station, one of America’s finest transportation hubs and a historical landmark in Philadelphia, plays host to 20,000 commuters daily and is the third busiest Amtrak station in the U.S. Two Class 1 freight railroads — CSX and Norfolk Southern provide direct service to the Port of Philadelphia.Center City Philadelphia is accessible to all surrounding Pennsylvania counties via the Southeastern Pennsylvania Transportation Authority (SEPTA). One of the busiest net-works in the country, with annual ridership of over 300 million, SEPTA is one of only two truly multi-modal transit properties in the U.S. with bus, subway, high speed rail, trackless trolley, Regional Rail and Paratransit vehicles. The PATCO High Speed Line links the Southern New Jersey suburbs with Center City Philadelphia. A $1 billion extension of the Norristown High Speed Line will link King of Prussia, Center City and University City, Greater Philadelphia’s three biggest employment centers. Construction on the extension is slated to commence in 2019, with a projected completion date of 2023.

AIR The Philadelphia International Airport (PHL) serves as the principal gateway for the seventh largest population in the United States. PHL is in the top 10 North American airports in number of takeoffs and landings. Additionally, there are five other international airports within a 90-minute drive. With almost a half a million takeoffs and landings, Philadelphia International Airport ranked as the 19th busiest in the U.S. PHL averaged 501 daily departures to more than 130 cities through 29 carriers in 2017.

PORT The Philadelphia Metro Area has three major ports: The Port of Philadelphia (PhilaPort), South Jersey Port System and The Port of Wilmington, Delaware. These ports create over $1 billion in business revenue on an annual basis and are major economic drivers in the region.With the completion of the expansion of the Panama Canal, a more efficient trading route between the East Coast and the western region of South America along with East Asia has opened up, resulting in larger vessels coming to the East Coast. A comprehensive capital investment program of more than $300 million has been allotted to improve the Port of Philadelphia’s infra-structure, warehousing, and equipment will double container capac-ity. The Port Development Plan includes a deepening of the Dela-ware River main channel to 45 feet mean low water to enhance the capacity of Philadelphia’s port to receive larger Post-Panamax vessels boost the region’s share of imports and exports, create more jobs and enable Pennsylvania to compete globally.


It is becoming well known that residents can achieve a high quality of life here with a relatively low cost of living compared to top metros. Recent census statistics show NY to Philadelphia mobility to be one of the largest metro-to-metro flows in the country.

THEATREUSA Today ranked Philadelphia as one of the top theater cities, and it comes as no surprise that it hosts America’s oldest playhouse still in business, the Walnut Street Theatre, which is more than 200 years old. While it is rooted in a traditional appreciation of theatre and regularly houses the greats, Philadelphia commits itself to its burgeoning artists. It’s annual festival, the Live Arts Festival and Philly Fringe, accomplishes this by showcasing an array of independent productions.

According to The Washington Post, the City of Brotherly Love knows how to cook, eat, and drink, ranking Philadelphia #6 on a list of the 10 Best Food Cities in America, and Zagat ranked the city #11 on a list of the 30 Most Exciting Food Cities in America in 2017.

CITY OF FOOD

According to a study done by Trulia, Philadelphia is the number one city for millennials because they are more likely to be homeowners, make more money, and have more jobs than their older peers aged 33 to 55. A hot spot for smart millennials, Philadelphia has the largest % growth in millennials among the nation’s 30 largest cities (and 39% hold a degree vs 33% nationally).

TALENT

Philadelphia Fast Facts

Greater Philadelphia Overview

SPORTSPhiladelphia is one of few U.S. cities with a professional franchise in six major league sports. Most of Philly’s pro teams play within a few miles of Center City, in South Philadelphia. There you’ll see the NFL’s 2018 Superbowl Champion Eagles at Lincoln Financial Field; the MBA’s Phillies at Citizens Bank Park; NBA’s 76ers at Wells Fargo Center; and NHL’s Flyers. Philadelphia sports fans’ pride and spirit is legendary.

Philadelphia joined the Organization of World Heritage Cities in November 2015, thereby becoming the first “World Heritage City” in the United States. The city achieved this designation because of the rich array of historic buildings and cultural sites located throughout the city, including 67 National Historic Landmarks. The World Heritage City designation elevates Philadelphia, giving it a new status among international cities.

WORLD HERITAGE CITY

Philadelphia boasts strong economic fundamentals. The Region ranks ninth in terms of gross metropolitan product, fifth in terms of personal income, and is the nation’s fourth largest media market. The strength and desirability of Greater Philadelphia is characterized by its economic diversity and population density.

ECONOMY

The Philadelphia area is home to public school systems, and award-winning private schools. According to new list from U.S. News & World Report (2018), some of the best schools in the nation include several Philly high schools.

SCHOOL SYSTEM

Greater Philadelphia Overview


Opportunity ZonesWhat is an opportunity zone?Opportunity Zones are special districts of land designated by state and federal governments as areas eligible for preferential tax treatment on new investments. A feature of the Tax Cuts and Jobs Act added to the tax code in December 2017, Opportunity Zones were created to spur private investment and job creation by offering tax advantages on capital gains from the sale of properties or businesses located within certain “economically distressed” communities.

What is a Qualified Opportunity Fund?Qualified Opportunity Funds, more simply known as “Opportunity Funds,” are primary investment vehicles used to invest in Opportunity Zone properties or businesses that allow investors to reap tax benefits. To qualify, an investor must reinvest capital gains into such a fund within 180 days of realizing those gains, which are then reinvested into properties located within an Opportunity Zone. In turn, these funds must certify twice a year that 90% of its assets are held in an Opportunity Zone, or risk paying a penalty.

One of the biggest advantages of these funds is that there is no limit to the amount of capital gains allowed to be reinvested via an Opportunity Fund.

THREE PRIMARY TAX ADVANTAGES

DEFERpayment of capital gains tax until 2026, by placing gains into an Opportunity Fund within 180 days

REDUCEtotal capital gains taxes by up to 15% after seven years of investment (10% after five years)

PAY ZEROtax on gains earned from appreciation of an Opportunity Fund after 10 years of investment

Property must have been purchased after 2017 but before 2021 to qualify for tax advantages.

Tangible property must be used in active business or trade within an Opportunity Zone.

Property’s original use must begin with or “substantially improve” a certified Opportunity Zone Entity.

Certain businesses, such as gambling establishments, golf courses, country clubs, or businesses primarily involved in the sale of alcohol do not qualify.

Improvements equal to the cost of the building acquisition, but not land, must be made within 30 months.

What qualifies an area as an Opportunity Zone?

Census tracts totaling 25% of any given state may be designated an Opportunity Zone

Poverty rate exhibited by selected census tracts must reach at least 20%

Median income must not exceed 80% of metro or state median

25% 20% 80%

What qualifies a property to benefit from being in an Opportunity Zone?

2028 Opportunity Zone designations remain in effect through 2028


Offering Procedure

MICHAEL KAHAN Vice President direct +1 215 928 7564 mobile +1 267 240 1587 [email protected]

MICHAEL BARMASH S.r Managing Director/Principal direct +1 215 928 7519 mobile +1 267 235 5306 [email protected]


DEBT & EQUITY ADVISOR:

Offering Terms400-10 N. 6th Street & 621-39 Callowhill Street, Philadelphia, PA (“The Property”) is being offered for sale. All investors should base their offer on an “As-is, Where Is” condition of the Property. In order to assist with underwriting, qualified purchasers will be provided access upon request to an online Due Diligence data room containing property specific information.

Property Tours & Additional InformationFor additional information and a tour of the market and the property please contact:

Offer ProcessWe request that interested parties submit a formal Letter of Intent (“LOI”) to the offices of the Exclusive Advisors, Michael Kahan and Michael Barmash of Colliers International, outlining the relevant business points by which they intend to purchase the Property including:

COLLIERS INTERNATIONALTen Penn Center 1801 Market Street, Suite 500Philadelphia, PA 19103+1 215 925 4600www.colliers.com/philadelphia

EXCLUSIVE REPRESENTATIVES:

> Purchase Price

> Due Diligence Period And Contingencies

> Deposit

> Terms - All Cash Or Subject To Financing

> Closing Period

> Internal Approvals

> Company Background And Financial Capacity

EAST CALLOWHILL DEVELOPMENT OPPORTUNITY | OFFERING SUMMARY

Materials contained in this Investment Offering are confidential, furnished solely for the purpose of considering the “AS IS” acquisition of 400-10 N. 6th Street & 621-39 Callowhill Street, Philadelphia, PA (the “Portfolio”) described herein and are not to be used for any other purpose or to be made available to any other person without the express written consent of Colliers International and Owner. No representations, expressed or implied are made as to the foregoing matters by Owner, Owner’s property management/ leasing agent, Colliers or any of their officers, employees, affiliates and/or agents.

Exclusive Representatives: Debt & Equity Advisor:

PROPERTY DATA

Address 400-10 N. 6th Street, Philadelphia, PA

Owner Phila Ball Roller Bearing Co.

Assessed $1,432,200

Land Area SF/AC 23,348 / 0.54

Building 15,400 sf

Zoning CMX-3

Taxes $20,048 (2019)

Offering SummaryColliers International is pleased to offer for sale two properties (400-10 N. 6th Street & 621-39 Callowhill Street) with an incredible development opportunity. Located within the East Callowhill neighborhood of the City of Philadelphia, this offering presents investors or developers a valuable opportunity to establish a foothold in an increasingly desirable and rapidly transforming area.

This asset is poised for redevelopment into a variety of uses including Residential Uses (single family townhomes, low rise apartments, condos), Charter School, Senior Housing/Independent Living, and more.

Logical Location Primed for Infill Exceptional Access

Transformation Taking Hold in East Callowhill

Desirable Zoning for Redevelopment

MICHAEL KAHAN Vice President direct +1 215 928 7564 mobile +1 267 240 1587 [email protected]

MICHAEL BARMASH S.r Managing Director/Principal direct +1 215 928 7519 mobile +1 267 235 5306 [email protected]


COLLIERS INTERNATIONAL | Ten Penn Center, 1801 Market Street, Suite 500, Philadelphia, PA 19103 +1 215 925 4600

Address 621-39 Callowhill Street, Philadelphia, PA

Owner John & Mary Orlando H/W

Assessed $1,364,200

Land Area SF/AC 24,110 / 0.55

Building 15,060 sf

Zoning CMX-3

Taxes $18,973 (2019)

o n radddd East Callowhill Development Opportunity...Yards Brewing Company opened their...

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