Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1920
Sq.Footage
N/A
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. All of the hard work is done, the owner spent many months and lots of capital getting this project approved and ready to be developed!! 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.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.1
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Parking
None
Financial
-
Sales Price
$1,650,000
-
Tax Amount
13809.0
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Jim Onesti , KW Empower
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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