1428 Callowhill Street, Philadelphia, PA 19130-4018 $8,000,000

Description
Sited just 4 blocks north of Philadelphia City Hall, 1428 Callowhill Street is centrally located in the urban core of Philadelphia, Pennsylvania — a “Top 10†USA MSA. Convenient access to Septa’s Suburban Station provides accessibility to the full regional rail and underground subway network throughout PHL. The PA Convention Center is just 2 blocks South. The Market Street West CBD (Philly’s top-tier office district) is also just 4 blocks south. A previously approved concept featured 162-apartments atop 2 floors of underground parking. However, as you’ll see in the real-time article linked below, mandatory parking is no longer included in CM4-5 zones — eliminating a costly construction variable for developers. Currently, the site generates ±$100k/annually on a short-term parking basis via ParkMobile. In-place income satisfies the short term for developers seeking to alter the previously approved 162-unit concept. Alternative lower-cost construction models are incorporated in the pages below in “as of right†scenarios WITHOUT mandatory parking inclusions. The composition of the proposed ±104K SF, 12-storey, elevator building includes studio, 1bd + 2bd apartments with a blended average rent of $2267 per unit ($4.73/PSF). A deluxe lobby with mezzanine, fitness center and roof terrace complete the micro-amenity suite for The Property. 1428 Callowhill presents a Core, urban-infill, high-rise trophy development opportunity in the heart of Downtown Philadelphia — where extreme high barriers-to-entry exist and rental demand outpaces supply, particularly for Class-A apartment stock.
Lot Dimens: 101.00 x 100.00
Front Footage:
School Dist: Philadelphia City
Condo Assoc: No
Features
Utilities
Public Water, Public Sewer
Lot
Downtown, City View
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Public Elementary (141 schools)
Public Middle (26 schools)
Public High (64 schools)
Private (100 schools)
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This report is a detailed community overview for Philadelphia (19130), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 31
- Average salary of people in this community: $78,532
Community Summary
- Population Density (ppl / mile): 19,629
- Household Size (ppl): 1.92
- Households w/ Children: 20%
Housing Inventory
- Owned: 5,727 (36.9%)
- Rented: 7,949 (51.2%)
- Vacant: 1,858 (12.0%)
- Total: 15,534
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 1.7%
- Some High School: 2.2%
- High School Graduate: 12.2%
- Some College: 8.1%
- Associate Degree: 2.3%
- Bachelor's Degree: 36.9%
- Graduate Degree: 36.6%
Income by dollar range
Median Income: $84,308
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $1,279
- One Bedroom: $1,363
- Two Bedroom: $1,872
- Three Bedroom: $1,927
- Four Bedroom: $1,235
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Contact Information
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or call me now at 302-234-5264
Listing Courtesy of: Keller Williams Liberty Place , (609) 399-5454, klrw903@kw.com
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Information Deemed Reliable But Not Guaranteed.
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Listing data as of 9/02/2025.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.