UPDATED:
11/25/2024 01:12 PM
Key Details
Property Type Commercial
Sub Type Land for Commercial Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,900 sqft
Price per Sqft $244
Subdivision Newbold
MLS Listing ID PAPH2400618
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $3,857
Tax Year 2024
Lot Size 4,900 Sqft
Acres 0.11
Lot Dimensions 70.00 x 70.00
Property Description
Sewage, electricity, and water are already available, offering a significant advantage. A nearby property sold for a similar price in 2023 but lacked utility access, spent hundreds of thousands for it. Tenants are in the process of moving out and will vacate by December, making the property ready for immediate redevelopment.
Currently operating as an auto repair shop. Located near East Passyunk Avenue, South Broad Street, and Washington Avenue, this fast-growing neighborhood offers excellent rental demand, business traffic, and appreciation potential, supported by new construction nearby and proximity to public transportation, restaurants, and employment hubs.
This rare corner lot presents a prime chance to capitalize on South Philadelphia’s booming market with a project tailored to meet the area’s high demand for residential and commercial spaces.
Location
State PA
County Philadelphia
Area 19145 (19145)
Zoning I2
Interior
Hot Water None
Heating Radiator
Cooling None
Heat Source Natural Gas
Exterior
Utilities Available Sewer Available, Water Available, Electric Available
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Sewer Public Septic, Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 882967880
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Standard
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