The real estate sales firm Agent PHL announced the sale and settlement of 2400 East Venango St. in Philadelphia for $3 million.
The 38,000 square-foot site will provide 30 new townhome residences, to be delivered in two phases of 15 units each. The units will feature 3-bedroom and 3-bathroom layouts spanning 2,550 square feet, with a 1-car private garage parking. The residences are expected to sell in the $600,000-range.
The sale was brokered by Ryan McManus, principal of Agent PHL, in collaboration with Rich Cassell of Keller Williams.
“Our client took an underused industrial site and secured entitlements to build a much more deserving product for the Port Richmond neighborhood,” said McManus. “And now, 30 new homes will supply the market— which has been drastically underserved in recent years— as inventory has remained at critically low levels amidst soaring demand.”
