$615,000
$585,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
1,312 Sqft Lot
SOLD DATE : 01/11/2023
Key Details
Sold Price $615,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision Fishtown
MLS Listing ID PAPH2133396
Sold Date 01/11/23
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $5,362
Tax Year 2023
Lot Size 1,312 Sqft
Acres 0.03
Lot Dimensions 17.00 x 79.00
Property Description
Shovel-ready multifamily development opportunity in Fishtown on Frankford Avenue - located at the epicenter of Philadelphia's most popular neighborhood. This is Philly's new "high street" lined with authentic and original merchants, businesses and residents alike. Plans are optimally designed and fully-approved for a 4,667 SF 4-storey building with three (3) luxury residences atop a ground floor commercial studio. The residential apartments have been engineered to sell as for-sale condos but can also be held as cash-flowing rentals that will achieve top-of-market rents. Each residence is bi-level (upper units are tri-level) with roughly 1300 SF open concept flooplans. The lower unit has a home office/flex space plus private garden. The upper units have private skyline rooftop terraces and balconies. The Location is home to Philly's best restaurants and shops and The Property is ideally designed to derive maximum value whether it's built to sell or held for investment purposes. The full 10 year tax abatement has been secured. Enquire within for permits, plans and due diligence materials.
Location
State PA
County Philadelphia
Area 19125 (19125)
Zoning CMX2
Exterior
Waterfront N
Water Access N
View City
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax ID 311163500
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Gabriel S Polishuk • Keller Williams Philadelphia
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