Description
What a great opportunity to develop a 21-unit apartment building on this 10,000+ SF lot. This vacant lot is conveniently located less than 2 blocks away from busy Germantown Avenue in the neighborhood’s commercial district. There are shops, schools, markets, public transportation, and other amenities close by. In addition, the proximity to Center City Philadelphia and major roadways such as Interstate 76 will be major benefits to future tenants. This section of Northwest Philadelphia has always maintained a high demand for residential rentals. The Zoning Board of Adjustments recently approved a variance for the construction of 9-one bedroom units, 9-two bedroom units, 3-three bedroom units and, eleven on-site parking spaces. So, no need to worry about variance approval; the entitlements are already in place. Just start planning your project and apply for permits. Commercial possibilities for the lot include Adult Care, Personal Home Care, Educational Facility, Hospital, Medical, Dental, or HealthCare Practices, and more (a variance, special exception, or use registration permit required).
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Neighborhood & Market Insights
This property is 105.7% above the current neighborhood median.
The schools block is active and ready for district, ratings, and assigned-school provider data.
0.0% modeled change across available points
- Principal and Interest
- Property Tax
- HOA fee
