PA > Philadelphia > Center City
Philadelphia, PA 19107,325 N 12TH ST
Philadelphia, PA 19107,325 N 12TH ST
Philadelphia, PA 19107,325 N 12TH ST
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$5,666,000
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7,480 Sqft Lot
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325 N 12TH ST Philadelphia, PA 19107

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Joanna Dieter

Joanna Dieter

+1(410) 949-6855

UPDATED:

08/14/2024 09:02 AM

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Center City

MLS Listing ID PAPH2318600

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $5,368

Tax Year 2003

Lot Size 7,480 Sqft

Acres 0.17

Lot Dimensions 35x191 and 32x62

Property Description

Unique development opportunity in Philadelphia Convention Center. There are multiple developmental projects going on in the neighborhood. Currently there is a Pizza restaurant on the first floor of the existing structure, 4 residential units. Plus 50+ parking lots on the rear side of this property. There are two parcels and 4 addresses , from 325 to331 N 12th Street. Parking spot worthy about $80K to $100K each if for sales. There are leases for the parking lots and restaurant, which can provide your client with a steady income while they are applying for any architectural plan and usage. Their leases are not extremely long so you can choose to not renew their leases or relocate them after your complete your project. Since it is one block away from the convention center, hotel, parking lots building, mixed usage complexes are all good usages.

Location

State PA

County Philadelphia

Area 19107 (19107)

Zoning LOT

Exterior

Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone Available, Cable TV Available, Under Ground, Above Ground

Water Access N

Street Surface Paved

Road Frontage Boro/Township

Garage N

Building

Lot Description Additional Lot(s)

Sewer No Septic Approved, Public Sewer

Water Public

Schools

School District The School District Of Philadelphia

Others

Tax ID 05-6328900

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Contract, Conventional, Exchange, Bank Portfolio, Industrial Development Authority, Private, Rural Development, Other

Listing Terms Cash, Contract, Conventional, Exchange, Bank Portfolio, Industrial Development Authority, Private, Rural Development, Other

Financing Cash,Contract,Conventional,Exchange,Bank Portfolio,Industrial Development Authority,Private,Rural Development,Other

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Richard Q Li • Liberty Real Estate

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Joanna Dieter

Agent | License ID: 665620

+1(410) 949-6855

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325 N 12TH ST