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Key Details
Sold Price $1,425,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision Kensington
MLS Listing ID PAPH2176242
Sold Date 03/22/23
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $2,005
Tax Year 2023
Lot Size 0.253 Acres
Acres 0.25
Property Description
Hunters Real Estate has been retained on an exclusive basis to arrange for the sale of 1728-50 Germantown Avenue, a rare large scale mixed use development site and an amazing development opportunity ready for purchase in Kensington. The lot has 240 ft of frontage on North 5th Street as well as along Germantown Avenue, providing a total of 11,033 square feet of land. The subject property which is nestled between Fishtown, Temple University, and just north of Northern Liberties is in a neighborhood that is on a trajectory of substantial growth, which is visible from the multitude of recent new and under construction developments in the immediate area. Located in the Qualified Opportunity Zone and the ability to have a 10 year tax abatement on a new structure, this development also provides valuable tax incentives.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning IRMX
Exterior
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax ID 885933860
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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