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Philadelphia,PA 19130
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 14,000 sqft
Price per Sqft $125
Subdivision Fairmount
MLS Listing ID PAPH2439812
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $13,809
Tax Year 2024
Lot Size 4,256 Sqft
Acres 0.1
Lot Dimensions 40.00 x 106.00
Property Description
Prime Development Opportunity in the Fairmount Section of Center City Philadelphia! Shovel ready with permits! The 19130 zip code is one of the hottest in the nation, offering incredible potential for savvy developers. This project is fully approved and provides the opportunity to build 9 luxury condominiums or 9 high-end apartments, making it an excellent investment with significant ROI potential. Resale condominiums in the area command prices of $600 per square foot!The property includes an existing building and a spacious vacant lot, perfect for maximizing your development vision. Additionally, you can take advantage of Bonus Depreciation to optimize your financial returns. Fairmount is celebrated for its vibrant cultural scene, historic charm, and proximity to some of Philadelphia's most iconic landmarks, including the Philadelphia Museum of Art, Fairmount Park, and the Schuylkill River Trail. Residents enjoy a highly desirable urban lifestyle, with easy access to local cafes, fine dining, boutique shopping, and convenient public transportation. Don't miss this incredible opportunity to bring your vision to life in this thriving, centrally located community. Taxes and Square footage is the responsibility of the buyer to have verified independently.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning RM1
Interior
Hot Water Electric
Heating Radiant
Cooling Ductless/Mini-Split,Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 152060400
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard