$1,325,000
$1,100,000
20.5%For more information regarding the value of a property, please contact us for a free consultation.
1,444 SqFt
SOLD DATE : 06/23/2023
Key Details
Sold Price $1,325,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 1,444 sqft
Price per Sqft $917
Subdivision Roxborough
MLS Listing ID PAPH2220136
Sold Date 06/23/23
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $5,030
Tax Year 2023
Lot Size 0.413 Acres
Acres 0.41
Lot Dimensions 146 by 112
Property Description
Attention all investors and developers! This is an incredible opportunity to own a prime piece of real estate sitting on over 18,000 square feet of land in Roxborough with full entitlements approved and plans in place to build 8 brand-new townhomes. Each townhome will be an impressive 2660 square feet, featuring 4 bedrooms, 3 bathrooms, front yards, a private drive isle in the rear to access garage parking, and rooftop decks, making them highly desirable to potential buyers. The best part? These stunning homes will be worth $725-750,000 each, bringing in a total of $5.8-6.0 million once they are built based on recent sales in the area. And that's not all - the rear 10,000 square feet lot can be sold as a package deal, offering even more potential for profit. With an easement in place to use the drive aisle from 271 Delmar to access the land, you have the opportunity to build 6-7 additional homes with a variance or even one large single-family home. Located in the highly sought-after Roxborough neighborhood of Philadelphia, this property offers an amazing location that can't be beaten. Known for its charming tree-lined streets, bustling local business district on Main Street and Ridge Ave, and close proximity to downtown Philly, Roxborough is one of the most desirable neighborhoods in the city. With easy access to major highways and Regional Rail just a few blocks down the street, you'll have everything you need right at your fingertips. And with an abundance of parks, hiking trails, and outdoor activities nearby, you'll always have things to do. Don't miss out on this incredible opportunity to build your portfolio and maximize your returns. PLEASE CONTACT LISTING AGENT FOR APPROVED PLANS AND PROFORMA!
Location
State PA
County Philadelphia
Area 19128 (19128)
Zoning RSA5
Interior
Hot Water Natural Gas
Heating Hot Water, Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 8.0
Waterfront N
Water Access N
Accessibility None
Parking Type Driveway
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 212296710
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Michael Scipione • Coldwell Banker Realty