OPPORTUNTY ZONE development opportunity in city of Philadelphia near hospitals, universities and center city with 40,000 square feet of space zoned CMX-2. A large city block then can be developed into residential housing, offices, medical, recreation, and or retail space Zoning description: neighborhood commercial mixed-used-2. The possibilities are unlimited. Front of Building was demolish due to fire. Major building development is underway in this area. Prime real estate for Developer/Investors on well travel street in urban area, close to public transportation and highly visible. This is now a vacant lot plus one small standing small building. Call for more information. Opportunity zones incentive is a new community investment tool established by congress in the Tax Cuts and jobs Act to encourage long-term investments in low-income urban communities . This property in the West Philadelphia area known as Cobbs Creek is in the Opportunity zones.
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Courtesy of: Reliance Realty 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: 3rd December, 2022 2:23 PM (UTC)
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