$920,000
$1,050,000
12.4%For more information regarding the value of a property, please contact us for a free consultation.
6,600 SqFt
SOLD DATE : 05/19/2022
Key Details
Sold Price $920,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 6,600 sqft
Price per Sqft $139
Subdivision Brewerytown
MLS Listing ID PAPH2070384
Sold Date 05/19/22
HOA Y/N N
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $2,735
Tax Year 2022
Lot Size 3,700 Sqft
Acres 0.08
Lot Dimensions 38 x 87
Property Description
Prime 14-unit QOZ new development parcel centrally located on Brewerytown's booming commercial corridor, Girard Avenue. With approximately 38' of double wide frontage, the contiguous combined properties allow for dense by-right multifamily apartments over commercial/retail. The feasibility calls for 1+2 bedroom apartments atop commercial/retail space. The proposed building includes an Amazon package room, residential lobby, elevator and rooftop terrace commonly accessible to all building residents with unparalleled hilltop views overlooking the Center City Philly skyline. There are brand new construction buildings anchoring both corners of the block, as well as 108 units and destination dining/retail located in the rear of the property. This is one of the best blocks in the city for new development and it's also located in the Opportunity Zone (QOZ). Rental demand is surging in this submarket. Easy access to bars, breweries, cafes, restaurants, cultural districts, downtown districts and Fairmount Park - the largest urban park in the USA. The total land is roughly 3700 SF. Zoned CMX2.5. The 19130 zip code is one of Philly's most esteemed areas. Buy now to secure the full 10 year tax abatement before the program is reduced at the start of 2022. Consolidate the lots and obtain "over the counter" permits to build this luxurious apartment building in one of Philly's fastest growing, most reputable locations. Enquire within for pro forma, plans.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning CMX2.5
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
View City
Accessibility None
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871129250
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Emily Qing Hui Wang • Century 21 Advantage Gold-South Philadelphia
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "