10-unit residential new construction, zoned CMX2.
A 10-unit residential building is set to rise at 5230 Walnut St in West Philadelphia, the kind of by-right infill quietly reshaping the block. It was cleared to build in Nov 19, 2020.
The 2,672 sq ft site is zoned CMX2, which supports a building on the order of 5 stories by right. Records show the parcel last traded in 2024 for $1.8M. The plans call for for the erection of an attached structure with a roof deck accessed by three (3) individual roof deck access; for use as multifamily (ten (10) dwelling units) household living as per approved plans. building to be fully sprinklered. separate permits required for m.e.p.s work. plan amendment for staircore, elevator tower, wall types, roof deck door and addition of shoring details and horizontal exits from 1st to 5th floors. amendment to change exterior wall assemblies from 2-hr to 1-ht fire rating from 2nd to 5th floors as per approved plans.
The owner of record is 5230 Walnut Street LLC. The project's plan drawings are on file — worth a look for anyone underwriting the surrounding block.
For now it stands out on its block — there's little other major development within a half-mile, which makes the surrounding under-built parcels worth a closer look as this density arrives.
We'll update this page as the project progresses — leasing, retail tenants, renderings, and construction milestones as they surface. The relevant question for investors and agents: what are the surrounding parcels worth to a builder now that this is coming?
📄 View the project's plan drawings (PDF)As this density arrives, InvestPHL is tracking 71 under-built parcels within a half-mile that a developer could still acquire and build — each carrying a builder's max bid. Addresses and figures are members-only.
Unlock the 71 nearby opportunities →