Description
Introducing a remarkable ±25,420 sf corner lot in vibrant west philadelphia, ideal for your next multifamily development project! this shovel-ready site comes complete with paid permits valued at over $40,000 and detailed plans to construct an impressive 74-unit residential building.
enjoy unparalleled access to the dynamic university city area, a bustling "eds and meds" innovation hub featuring prestigious institutions like the university of pennsylvania, drexel university, chop, and the science center, alongside the thriving schuylkill yards and 30th street station. this prime location is truly at the heart of the philadelphia real estate market and is poised for substantial appreciation in the coming years, thanks to its proximity to cutting-edge advancements in education, healthcare, life sciences, business, and technology.
the demand for high-quality housing in this area has never been more critical, making this an incredible opportunity to buy and build! your new development will include a range of apartments—studios, one-bedroom, and two-bedroom units—complete with parking in an elegant five-story structure. benefit from a significant 10-year tax abatement, allowing for increased returns on investment.
don’t miss out on this extraordinary chance to transform a prime location into much-needed housing. for additional insights on the pro forma, plans, and permits, please reach out. remember, the buyer is responsible for verifying taxes, square footage, and entitlements during due diligence. take the next step in shaping philadelphia's future today!
Property Type
LandCounty
PHILADELPHIAStyle
LandAD ID
49376097
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Property Details
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Interior Features
Water/Sewer
- Water Source : Public
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Exterior Features
Utility Features
- Sewer: Public Sewer,Public Septic
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Property / Lot Details
Lot Information
- Lot Size: 25,669
- Dimensions: 0.00 x 141.00
- Lot Size (Acres): 0.59
- Main Square Feet: 25,669
Property Information
- Total Lot SQ ft: 25,669
- Appx. Lot Dimensions: 0.00 x 141.00
- Total Acreage: 0.59
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Listing Information
Listing Information
- Possession: Immediate
- Days Of Market: 4
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Taxes / Assessments
Tax Information
- Annual Tax: $120,170
- Tax Year: 2024
- Total Taxes Payment Frequency: Annually
Possession
- Immediate
Assessment Information
- Taxes Assessment Amount: $8,584,800
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Homeowners Association Information
- Direction: 5101 Westminster ave
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School, Utilities & Location Details
School Information
- School District: PHILADELPHIA CITY
Utility Information
- Water Source: Public
- Sewer: Public Sewer,Public Septic
Location Information
- Direction: 5101 Westminster ave
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BuyOwner last updated this listing 04/28/2025 @ 04:09
- MLS: PAPH2471386
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Land, with 0 bedrooms which is for sale, it has 25,669 sqft, 25,669 sized lot, and 0 parking. are nearby neighborhoods.