1331 S GROVE ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19146
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Forgotten Bottom
MLS Listing ID PAPH2420504
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $1,042
Tax Year 2024
Lot Size 700 Sqft
Acres 0.02
Lot Dimensions 14.00 x 50.00
Property Description
Discover this 14' x 50' vacant lot, offering a total of 700 square feet in the up-and-coming Forgotten Bottom neighborhood of Philadelphia. With RM-1 zoning, the property is primed for residential development, allowing for multifamily use which can be used for a buy and hold investment or to build condos and sell them individually. This can be a great scenario for an owner occupant to build a multi-family property and live in one unit while renting the others out to help offset the mortgage. There is new construction already on the block and even more in the process of being built. As time goes on the block will continuously fill in with even more new construction homes making this a fantastic long term investment.
Located just minutes from major thoroughfares, public transportation, and the Schuylkill River Trail, this parcel is a hidden gem for buyers and investors alike. The neighborhood is experiencing exciting growth, making this the perfect time to stake your claim.
Don’t miss your chance to turn this blank canvas into a lucrative venture. Drive by and envision the possibilities, then make your offer today!
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning RM1
Exterior
Water Access N
View Street
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax ID 362363800
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash
Horse Property N
Listing Terms Cash
Financing Cash
Special Listing Condition Standard