Description

Prime multi-family development opportunity – rm1 zoned 3-parcel lot!

builders & investors, don’t miss this oversized, 5,000 sqft (50’x100’) multi-family zoned lot (rm1) in one of philadelphia’s most strategically located areas! sitting directly across from the legendary jim’s steaks, this level, rectangular lot is a rare find in the thriving haddington neighborhood.

ideal for multi-family development, lot size: 5,000 sqft (0.1148 acres) – oversized for added value.
the frontage is 50 feet, depth 100 feet. topography, level – ready for immediate construction
tax incentives include eligibility for a 10-year tax abatement (must apply prior to beginning construction).

this is an outstanding affordable housing investment opportunity! philadelphia’s housing choice voucher (section 8) waiting list has over 25,000 recipients actively seeking qualifying units, making this an incredible chance to develop much-needed affordable housing while securing guaranteed rental income directly from the government.

unbeatable location & accessibility with public transit access. 13-minute walk to lansdowne ave & 62nd st stop (10 trolley to 13th-market/63rd-malvern). market-frankford line is a short walk with just 10 minutes to university city & 20 minutes to center city. get anywhere on main line & delaware county via 63rd street and access phl airport in 20-30 minutes depending on traffic.
green spaces include: near carroll park playground, haddington rec center, cobbs creek park & haddington park.
cash only - contact today to secure this prime investment!

• Property Type

  Land

• Subdivision

  Haddington

• County

  PHILADELPHIA

• Style

  Land

• AD ID

  49018519