Description
Prime development opportunity – raw land in university city
this hidden gem is a rare chance for savvy investors and developers to secure a high-value property in one of the most rapidly gentrifying neighborhoods adjacent to university city. located within walking distance to drexel university and upenn, this parcel offers unmatched convenience and accessibility. with i-76 just minutes away, you’re only 5 minutes from the philadelphia museum of art, 15 minutes from center city, and 30 minutes from king of prussia. it is also just 2 minutes from the rapidly developing lancaster avenue, home to a vibrant mix of restaurants, cafés, and bars.
surrounded by major developments and large-scale multi-unit projects, this lot sits on a wide street with ample parking, a huge advantage when applying for a zoning variance (2-4 units are common in the area). new multifamily constructions here are valued between $850k and $1.2m, making this a golden opportunity for builders and investors.
with the market at its bottom and interest rates expected to drop soon, now is the time to act. opportunities like this are rare, and this could be a true once-in-a-lifetime investment. don’t miss out—once it’s gone, it’s gone!
Property Type
LandCounty
PHILADELPHIAStyle
LandAD ID
48871586
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Property Details
-
Interior Features
Water/Sewer
- Water Source : None
-
Exterior Features
Utility Features
- Sewer: No Sewer System
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Property / Lot Details
Lot Information
- Lot Size: 1,115
- Dimensions: 15.00 x 74.00
- Lot Size (Acres): 0.03
- Main Square Feet: 1,115
Property Information
- Total Lot SQ ft: 1,115
- Appx. Lot Dimensions: 15.00 x 74.00
- Total Acreage: 0.03
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Listing Information
Listing Information
- Possession: Negotiable
- Days Of Market: 1
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Taxes / Assessments
Tax Information
- Annual Tax: $473
- Tax Year: 2024
- Total Taxes Payment Frequency: Annually
Possession
- Negotiable
Assessment Information
- Taxes Assessment Amount: $33,800
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Homeowners Association Information
- Direction: Parrish St between N 39th St and Union St
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School, Utilities & Location Details
School Information
- School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Utility Information
- Water Source: None
- Sewer: No Sewer System
Location Information
- Direction: Parrish St between N 39th St and Union St
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BuyOwner last updated this listing 05/13/2025 @ 10:33
- MLS: PAPH2452970
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Land, with 0 bedrooms which is for sale, it has 1,115 sqft, 1,115 sized lot, and 0 parking. are nearby neighborhoods.