Description

Please read carefully

according to the proposed plan, parcel b (newly created vacant lot) will be 83,400.5 sq. ft. the zoning is rsd1 and can be subdivided by-right into five parcels for single family detached dwellings. parcel b is being offered for $499,000, subject to the approved subdivision

parcel a has an existing 3200 sq foot house on a 54,835.8 sq. ft. property. this can also be subdivided by-right into five parcels which would require demolishing the existing house. if a buyer wants to keep the house, you can still subdivide the property into three additional parcels to build single family detached dwellings. parcel a will also be offered for $499,000, subject to the approved subdivision

please note : no zoning information herein should be taken as fact, and any potential buyer is encouraged to seek counsel from a qualified zoning attorney as to the legal permissibility of any and all construction activities on or to the subject improvements and lot.

this property is also being listed in mls #: paph2431288 as is, as one parcel fr $955,000.
this expansive property offers an exceptional opportunity for developers or investors seeking a lucrative venture. boasting rsd-1 zoning, the parcel permits the construction of 10 single-family detached homes with street frontage without the need for variances, though the buyer should seek counsel from a qualified zoning attorney confirm the legal permissibility any development activity. per the seller's interpretation of the code (see attached document from licensed architect) the land is ready for immediate subdivision and development, allowing builders to commence construction without hurdles.

additionally, the property features a currently rented single-family home with detached 3 car garage as well as a separate workshop generating $2500/month on a month to month lease. this existing structure can either continue generating income for the new owner or can be delivered vacant.

ideal for those looking to capitalize on residential development in a sought-after area, this property presents a blend of immediate income potential and significant future development possibilities.

• Property Type

  Land

• County

  PHILADELPHIA

• Style

  Land

• AD ID

  48671317