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649-51 N 35TH ST Philadelphia, PA 19104
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Key Details
Sold Price $750,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision University City
MLS Listing ID PAPH936858
Sold Date 02/08/21
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $606
Tax Year 2020
Lot Size 5,035 Sqft
Acres 0.12
Lot Dimensions 53.00 x 95.00
Property Description
**OPPORTUNITY ZONE ALERT** This is an 11-UNIT SHOVEL READY project with APPROVED BUILDING PERMITS and 10-YEAR TAX ABATEMENT located in RED HOT Powelton Village AND in a Federally Approved Qualified Opportunity Zone (QOZ). Opportunity Zone Property allow investors to defer and/or exempt themselves from capital gains taxes! Buy this land today and you can start building tomorrow! All of the heavy lifting has been completed for you to build this beautifully laid out apartment building. Seller will transfer the approved plans, engineering reports, and all permits upon the sale of this property. This approved multifamily project is very efficiently designed with a unit mix of 2,3 and 4 bedrooms. It is a total of 31 bedrooms and 31 baths. This development site sits just across the Schuylkill River from the largest Whole Foods in Philadelphia and is a short distance from 30th Street Station with direct access to all Regional Train Lines making getting in and out of the city a breeze. This site is also conveniently located directly off of I-76 East & West allowing easy access into Center City or to the Main Line. This is an extremely walkable location with a walk score of 85! A very short walk away from popular restaurants such as Sabrina's Cafe, Zavino's, Shake Shack and many more! This location provides tremendous access to acclaimed cultural institutions like the Philadelphia Art Museum, The Barnes Museum, and The Rodin Museum. Future views from the communal roof deck of this property will provide completely unobstructed views of the Philadelphia skyline. There are several world renowned hospitals and research institutions in the area (Childrens Hospital, Perelman Center, etc). Plenty of parks and trails nearby including Schuylkill Trail, Kelly Drive, Drexel Park, Bird Lake Picnic Area and Lee Park. Just a few blocks away from the University of Penn, Drexel University, the University of the Sciences, and the Philadelphia Zoo. DONT MISS OUT ON THIS 1 of a kind OPPORTUNITY ZONE INVESTMENT. Attached photos are of a comparable product.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Exterior
Utilities Available Water Available, Sewer Available, Other
Water Access N
Garage N
Building
Lot Description Other
Sewer Public Sewer, Public Hook/Up Avail
Water Public Hook-up Available
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 242162822
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Marc Bennett • KW Philly