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Listed by Ryan J McManus • Keller Williams Liberty Place
$ 1,075,000
Est. payment | /mo
2,321 Sqft Lot
$ 1,075,000
Est. payment | /mo
2,321 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2539364
HOA Y/N N
Annual Tax Amount $576
Tax Year 2025
Lot Size 2,321 Sqft
Acres 0.05
Lot Dimensions 16.00 x 148.00
Property Sub-Type Land
Source BRIGHT
Property Description
43-unit multifamily development site in Philadelphia, Pennsylvania — a Top-10 USA MSA. The proposed apartment building features 12 studios, 24 1-bed, and 7 2-bed apartments. Additionally, building features include a co-working lounge, bike storage, rooftop terrace, large lobby, elevator and parking lot (18 spaces). The structure will encompass 4-storeys with 35,761 SF on the substantial 19,881 SF parcel. Located near Temple University Health Sciences Center (strong employment base of highly-skilled, educated workers) in an area starved for multifamily housing. 10-year tax abatement eligible. Enquire within for PPP (plans, pro forma, permits). Short-term income is in-place via storage on-site.
Approx. $65K in annual income in-place via storage units ensures short-term cash flow while planning for future development.
Approx. $65K in annual income in-place via storage units ensures short-term cash flow while planning for future development.
Location
State PA
County Philadelphia
Area 19140 (19140)
Zoning RSA5
Exterior
Water Access N
View City
Garage N
Building
Lot Description Flag
Sewer Public Sewer
Water Public
Schools
School District Philadelphia City
Others
Tax ID 112255500
Ownership Fee Simple
Special Listing Condition Standard
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