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$850,000
Est. payment /mo
9,000 SqFt
UPDATED:
08/25/2024 07:01 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $94
Subdivision West Powelton
MLS Listing ID PAPH2339298
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $6,010
Tax Year 2024
Lot Size 5,624 Sqft
Acres 0.13
Lot Dimensions 50.00 x 112.00
Property Description
Back on the market at a greatly reduced price! 318-20 N Budd Street is a 50 foot by 112 foot lot within a Qualified Opportunity Zone. This property has multiple strategies and can be built into an apartment building and held to take advantage of the QOZ, sold to another investor looking for the same opportunity or divided into 8 condos with parking and sold individually. Current existing structure on the property is a double wide, 2-story garage primed for development. This property's close proximity to Penn and Drexel creates a variety of possible strategies to capitalize on your investment. Zoning and plans were previously approved (now expired) to develop an 8 unit building with parking for each unit (plans available upon request). A tremendous amount of development is taking place in the area, including 3.0 University Place, Schuylkill Yards and the Science Center.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RSA5
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Water Access N
Accessibility >84\" Garage Door
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 882008480
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Listed by Christopher Hvostal • KW Empower
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