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Key Details
Sold Price $3,100,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision Fairmount
MLS Listing ID PAPH943834
Sold Date 08/20/21
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $3,140
Tax Year 2021
Lot Size 8,250 Sqft
Acres 0.19
Lot Dimensions 90 X 87
Property Description
Qualified Opportunity Zone new development site in Fairmount/North Broad section of Philadelphia, Pennsylvania. Totaling 8250 SF with prominent corner exposure, this QOZ site accommodates high density multifamily by right. For sale condos or rental apartments would fulfill swelling residential demand in the under supplied marketplace. Build up to 67 units. Enquire within for feasibility studies. Bonuses are available to achieve higher density. The Location is surrounded by progressive new development in every direction including Divine Lorraine, 1300 Fairmount (478 new units plus Aldi Grocer directly across street), Stable Lofts + more. The area is bound by Fairmount and Francisville to the west, Temple University to the north, Center City Philadelphia to the south and North Broad due east. The site sits right atop the Septa Broad Street subway line at Fairmount Avenue for the ultimate transit oriented development access. Hurry to secure the coveted full 10 year tax abatement while it lasts. MAKE YOUR MOVE.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning CMX4
Exterior
Water Access N
View City
Garage N
Building
Lot Description Corner, Additional Lot(s)
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 882934355
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Marvis Burns • BMB Living, Inc.