Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1915
Sq.Footage
N/A
Location, location, location!!! This is a Tremendous opportunity to develop a huge multi-use building already zoned CMX2 in a high traffic, bustling business and residential area! This triangular, 8518 square foot lot has 102 feet of frontage on Washington Avenue, 160 feet on 8th Street, and 173 feet on Passyunk Avenue. This parcel is an enclave into itself with lots of business and cultural opportunities in the immediate area, not to mention the high prices that residential sales and rentals are fetching. This piece of ground is one of the largest development sites available in the Bella Vista/ Italian Market neighborhood and lends itself to first floor commercial spaces and at least 20+ apartments/condominiums upstairs, generating huge cash flow. There is also room for multi car parking. A clean phase one environmental study has already done, and lenders are eager to get involved in a project of this stature. City maps show that formerly this site housed 12 single family homes and businesses. Owner may consider financing a portion of the purchase with the right terms. Property values are rapidly appreciating in the area, invest/ build now! See attached covenant for restrictions.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.2
-
Property Type
Commercial Sale
Exterior
-
Garage
No
Financial
-
Sales Price
$1,500,000
-
Tax Amount
6793.0
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Michael R. McCann , BHHS Fox & Roach-Center City Walnut
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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