2707 Federal Street is located in a qualifying Opportunity Zone. Attention builders, developers, and investors — here’s your chance to secure a prime development opportunity in the heart of Grays Ferry, one of Philadelphia’s most rapidly transforming neighborhoods. Construction is booming all around, with new residential and mixed-use projects reshaping the area and driving demand higher every day. This offering provides approvals and potential to build 9 modern residential units, perfectly positioned to capture the wave of growth. The site sits in a high-demand corridor with projects underway on nearly every block, offering unmatched opportunity for those ready to take advantage. With easy access to University City, Center City, Penn, Drexel, and CHOP, the location is ideal for buyers and renters alike. The area’s strong rental and resale demand makes this a smart investment, whether you’re looking to hold or exit. With new projects breaking ground across the neighborhood, this is a rare opportunity to get in on the action. Don’t miss your chance to develop in one of Philadelphia’s hottest growth markets!
Lot/land
Price cut: $100K (11/26)
$599,000
2707 Federal St, Philadelphia, PA 19146
--beds
--baths
3,372Square Feet
Unimproved Land
Built in ----
3,372 Square Feet Lot
$590,400 Zestimate®
$--/sqft
$-- HOA
What's special
- 87 days |
- 62 |
- 4 |
Zillow last checked: 8 hours ago
Listing updated: November 26, 2025 at 08:42am
Listed by:
Martino Picariello 856-625-3238,
KW Empower 215-627-3500
Source: Bright MLS,MLS#: PAPH2539020
Facts & features
Property
Lot
- Size: 3,372 Square Feet
Details
- Parcel number: 362026100
- Zoning: I2
- Special conditions: Standard
Utilities & green energy
- Sewer: Public Septic
- Water: Public
Community & HOA
Community
- Subdivision: Grays Ferry
HOA
- Has HOA: No
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Tax assessed value: $209,800
- Annual tax amount: $2,937
- Date on market: 9/18/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Fee Simple
Estimated market value
$590,400
$561,000 - $620,000
$1,953/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/26/2025 | Price change | $599,000-14.3% |
Source: | ||
| 11/4/2025 | Price change | $699,000-28.3% |
Source: | ||
| 10/7/2025 | Price change | $975,000-27.8% |
Source: | ||
| 9/18/2025 | Listed for sale | $1,350,000+130.8% |
Source: | ||
| 8/5/2020 | Listing removed | $585,000 |
Source: Mercury Real Estate Group #PAPH912660 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: Grays Ferry
Nearby schools
GreatSchools rating
- 5/10Marian Anderson Neighborhood AcademyGrades: K-8Distance: 0.7 mi
- 5/10Creative And Performing ArtsGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- District: The School District Of Philadelphia
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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