Investments Sales Management

5139 WAYNE AVENUE

PHILADELPHIA , PA 19144

MLS#: PAPH2418608

$1,095,000

Status: Closed
Listing number: PAPH2418608
Listing provided by: Select Commercial Advisors
Listing agent phone: None
Last update: 1 year, 1 month ago
On site: 1 year, 3 months ago
Browse Properties
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Lot size

0.29 acres

Select Commercial Advisors is pleased to present the opportunity to acquire and develop a multifamily residential 4-story elevator-serviced building with a green roof featuring +/- 34,500 square feet across 48 apartment units. The project will be delivered with a fully approved set of zoning and building permits. The site received the full 10-year Tax Abatement in 2021, meaning that the value of improvements is 100% abated for 10 years after construction. With expertly value-engineered plans, the project offers attractive unit layouts in a cost-effective design. As the Germantown/Wayne-Junction rental real estate market flourishes, take advantage of an entitled development opportunity in one of the city’s most dynamic neighborhoods! Broker of record has financial interest. Inquire for detailed offering memorandum and permit set.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.29

  • Property Type

    Land

Price

  • Sales Price

    $1,095,000

  • Tax Amount

    $1,153

  • Zoning

    Fully entitled for 48 residential units

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Tax Lot

    -266

  • Water Source

    Public

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Listing Courtesy of Samantha Lee Miller , Select Commercial Advisors

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Agent Theresa Kehler

Owner, President, Investment Property Advisor

Theresa Kehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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Select Commercial Advisors is pleased to present the opportunity to acquire and develop a multifamily residential 4-story elevator-serviced building with a green roof featuring +/- 34,500 square feet across 48 apartment units. The project will be delivered with a fully approved set of zoning and building permits. The site received the full 10-year Tax Abatement in 2021, meaning that the value of improvements is 100% abated for 10 years after construction. With expertly value-engineered plans, the project offers attractive unit layouts in a cost-effective design. As the Germantown/Wayne-Junction rental real estate market flourishes, take advantage of an entitled development opportunity in one of the city’s most dynamic neighborhoods! Broker of record has financial interest. Inquire for detailed offering memorandum and permit set.

5139 WAYNE AVENUE

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