Property Attributes
- MLS#PAPH2336642
- TypeCommercial
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19141
- Zip19141
- Style
- Year Built2024
- Taxes$ 3905
- Price$ 1,000,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage21464
- Lot Size0.49 Acres
Data Source:
Bright MLS
Property Description
Excellent investment opportunity awaits at 990 W Tabor St, where 77 proposed units can be built without the need for a zoning variance. This prime 16,940 square foot commercial lot, adjacent to Einstein Hospital, offers a "By-Right" development opportunity, ensuring a streamlined process for potential developers. Benefit from a 10-year Tax Abatement and capitalize on the property's location within a Federal Opportunity Zone, unlocking potential tax incentives for savvy investors. Positioned amidst a robust medical employment hub, with institutions like Einstein Medical Center, Temple University Hospital, and Shriners Hospital for Children nearby, this location promises steady demand from medical professionals and staff. Convenient access to public transportation further enhances the property's appeal, with SEPTAs Fern Rock Transportation Center just a short walk away. This strategic location ensures easy commuting for future residents, with a mere 20-minute ride to Center City Philadelphia. Seize the opportunity to develop 77 apartment units on this vacant land, strategically located in the Olney Section of Philadelphia. With CMX-2 zoning in place, new ownership can move forward confidently in creating a thriving residential community near major employment centers. Don't miss out on this exceptional chance to invest in the growth potential of the Tabor Road Multi-Family Development Site.
Price History | |
---|---|
3/28/2024 | Listed $1,000,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | None |
Cooling | None |
Possession | Settlement |
Zoning | CMX2 |
Construction Materials | Other |
Year Built | 2024 |
Property SubType | Land for Commercial Use |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Cool Fuel | None |
Business Type | Other |
Accessibility | None |
County | PHILADELPHIA |
New Construction | No |
Property Type | Commercial Sale |
Water Access Y/N | No |
Status | ACTIVE |
Directions | Located next to Einstein Hospital |
ModificationTimestamp | 2024-05-18T12:32:38 |
City | PHILADELPHIA |
Buyer Agent Compensation | 3 |
MLS Area | 19141 (19141) |
Lot Size Square Feet | 21464.00 |
Tax Assessed Value | 279000.0 |
Waterfront Y/N | No |
Street Name | TABOR |
Tax Annual Amount | 3905.0 |
Price Per Sq Ft Total | 46.59 |
Vacation Rental Y/N | No |
Days on Market | 52 |
Standard Status | Active |
Year Built Source | Estimated |
Tax Lot | 158 |
Buyer Agent Compensation Type | % Of Gross |
Association Recreation Fee | No |
Interior Features
Heating Fuel | None |
---|---|
Hot Water | None |
Street Suffix | ROAD |
Central Air Y/N | No |
Exterior Features
Water Source | Public |
---|---|
Type of Parking | None |
Land Use Code | SC |
Water View Y/N | No |
Building Area Total | 21464.00 |
Lot Dimensions | 126.00 x 237.00 |
Lot Size Acres | 0.49 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Land Assessed Value | 279000.00 |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool