514-18 West Berks St
Philadelphia, PA 19122 North Philadelphia East

514-18 W Berks Street presents a fully approved development opportunity in the heart of Norris Square, Philadelphia. This 2,800 SF site offers zoning approval for a four-story building with twelve residential units, making it an ideal investment for developers seeking a shovel-ready project. Located within a Qualified Opportunity Zone (QOZ), the property provides significant tax advantages, including the ability to defer capital gains taxes until 2026, enhancing long-term investment returns.
The site benefits from its strategic position along the Berks Street commercial corridor, surrounded by a mix of multifamily and mixed-use developments, and is just minutes from Temple University. The CMX-2 zoning and Mixed Income Overlay District designation allow for flexible design and affordable housing compliance. With street frontage of 60 feet and an irregular lot shape, the property offers excellent visibility and accessibility.
Norris Square is a rapidly evolving neighborhood with strong residential demand, supported by nearby retail, dining, and cultural amenities. The area is well-connected to major thoroughfares and public transit, ensuring convenient access to Center City and beyond. This is a rare chance to acquire a prime development site in one of Philadelphia’s most dynamic growth corridors.