Development Opportunity! Huge 55.5 x 100 lot zoned RM-1 for sale in North Philadelphia. This oversized lot has a total square footage of 5,550 sqft and is delivered with APPROVED Plans & Permits! The approved commercial building permit allows for the erection of a 3-story attached structure with a roof deck/pilot house, and multi-family residential living of 15 apartment units! All units will have their own out door space, as well as a private roof deck, yard, or deck. This building was value engineered well to not require an elevator which will be a substantial cost in savings! Located on a quiet block in an area already seeing substantial development and commercial opportunities. Drive by and see for yourself! The developer has been able to achieve $1500 per month for 1 bedroom apartments a few blocks south on the 1700 Block of N 22nd St, so this will be a great addition to an investor portfolio. Within close proximity to Temple University, Sharswood & Brewerytown neighborhoods, and easy access to major commute routes. Seller strongly prefers to use Alpha Abstract for title as the title has already been ordered. Contact the listing agent for more details.
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Courtesy of: Keller Williams Philly Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 25th June, 2022 1:55 AM (UTC)
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