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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.
| DAYS ON MARKET | 224 | LAST UPDATED | 9/19/2024 |
|---|---|---|---|
| TRACT | WEST POWELTON | YEAR BUILT | 1925 |
| COMMUNITY | 19104 (19104) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Aug 8, '24 | $925,000 |
|---|---|
| Aug 8, '24 - Today | $850,000 |
| ADDITIONAL DETAILS | |
| AREA | 19104 (19104) |
|---|---|
| LOT | 5663 sq ft |
| LOT DIMENSIONS | 50.00 x 112.00 |
| SEWER | Public Sewer |
| SUBDIVISION | WEST POWELTON |
| TAXES | 6010 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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