$15,500,000

Property Description

A Rare Old City Development Opportunity | Luxury Residential, Boutique Hospitality & Investment Potential An exceptional opportunity to acquire 232-36 Walnut Street in Philadelphia, offering a compelling combination of location, architectural character, and development potential in the heart of Old City. Situated within the CMX-3 zoning district, the property presents an opportunity for investors, developers, and visionary end users seeking a distinctive Philadelphia asset. The existing structure features distinctive materials and craftsmanship, including special-cut bubinga wood flooring throughout, solid mahogany interior doors and windows, a French limestone sunroom, and a primary bathroom shower finished in green onyx. Additional features include an elevator with a 900-pound capacity, a second-floor kitchen with Sub-Zero appliances, wine storage designed to accommodate more than 1,100 bottles, and geothermal radiant floor heating. These details distinguish the existing property and offer a rare combination of custom finishes and architectural character. The offering is accompanied by architectural plans envisioning a luxury multifamily residential development featuring 12 accommodation units, with approximately 41,002 square feet of gross floor area proposed across multiple levels. The architectural package also references air rights associated with 222A-30 Walnut Street, creating an additional consideration for buyers evaluating the property's development potential. An opportunity for the investor with vision. Whether pursuing the proposed residential concept or exploring an alternative strategy, 232-36 Walnut Street offers a distinctive opportunity to evaluate a substantial Philadelphia real estate asset with architectural plans available for review.

Property Facts & Features

Property Type

Multi Family

Status

Active

Listed

Oct 19, 2026

Price per Sq Ft

$2870/sqft

ZIP Code

19106

Garage

5 spaces

Parking

Attached Garage

Heating

Forced Air

Cooling

Central A/C

Construction

Masonry

Neighborhood

Society Hill

County

Philadelphia

School District

The School District of Philadelphia

Features & Amenities

Location

Lat 39.94685 · Lng -75.14621