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$699,999
Est. payment /mo
4,380 Sqft Lot
UPDATED:
11/04/2024 08:13 PM
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision East Falls
MLS Listing ID PAPH2416546
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $2,394
Tax Year 2025
Lot Size 4,380 Sqft
Acres 0.1
Lot Dimensions 0.0 x 0.0
Property Description
QUEEN'S COMMONS: Zoning-approved multifamily development opportunity in NWPHL (Northwest Philadelphia), straddling two (2) in-demand neighborhoods: East Falls and Germantown. This value engineered proposed development features 5 floors of wood frame construction with 21 units throughout ±19,697 SF with ground floor commercial space, storage, fitness center, amenity space and green roof terrace atop the building showcasing sensational views of the Philly skyline. This boutique, elevator building will feature sixteen (16) 1bd x 1ba apartments and four (4) 2bd x 2ba apartments. This prominent site benefits from 52’ of frontage totaling roughly ±4,380 SF or prime urban land. Easy access to East Falls borough amenities, breweries, shops and restaurants, as well as Queen Lane Septa Station (regional rail), Germantown Cricket Club, Germantown Friends School, William Penn Charter School and Thomas Jefferson University, as well as downtown Germantown. Purchase this approved real estate in a Top-10 USA MSA today and plant your company’s flag in PHL. Enquire within for PPP (pro forma, permits, plans). 10 year tax abatement-eligible. Pay taxes on assessed land value for 10 years rather than the improvements (21 unit building). This area is poised for above-average rent growth and appreciation and is surrounded by progressive new development in every direction. Make your move.
Location
State PA
County Philadelphia
Area 19144 (19144)
Zoning CMX25
Exterior
Water Access N
View City
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District Philadelphia City
Others
Tax ID 123121305
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Listed by Ryan J McManus • Keller Williams Liberty Place
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