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Philadelphia,PA 19104
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2452970
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $473
Tax Year 2024
Lot Size 1,115 Sqft
Acres 0.03
Lot Dimensions 15.00 x 74.00
Property Sub-Type Land
Property Description
Prime Development Opportunity – Raw Land in University City
This hidden gem is a rare chance for savvy investors and developers to secure a high-value property in one of the most rapidly gentrifying neighborhoods adjacent to University City. Located within walking distance to Drexel University and UPenn, this parcel offers unmatched convenience and accessibility. With I-76 just minutes away, you're only 5 minutes from the Philadelphia Museum of Art, 15 minutes from Center City, and 30 minutes from King of Prussia. It is also just 2 minutes from the rapidly developing Lancaster Avenue, home to a vibrant mix of restaurants, cafés, and bars.
Surrounded by major developments and large-scale multi-unit projects, this lot sits on a wide street with ample parking, a huge advantage when applying for a zoning variance (2-4 units are common in the area). New multifamily constructions here are valued between $850K and $1.2M, making this a golden opportunity for builders and investors.
With the market at its bottom and interest rates expected to drop soon, now is the time to act. Opportunities like this are rare, and this could be a true once-in-a-lifetime investment. Don't miss out—once it's gone, it's gone!
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RSA5
Exterior
Water Access N
Garage N
Building
Sewer No Sewer System
Water None
Schools
School District The School District Of Philadelphia
Others
Tax ID 243141800
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard