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PRICE $1,750,000 SIZE 10,000 sqft LOT SIZE 3,485 sqft Request More Info Schedule a Showing

Welcome to a truly exceptional real estate opportunity in West Philadelphia's Qualified Opportunity Zone (QOZ). We are delighted to present a unique property package comprising 4401, 4421, 4423, 4425, and 4427 Lancaster Ave, along with 892 and 894 Belmont Avenue. With an expansive 10,084 square feet of CMX-2 development space, this property not only offers substantial development potential but also comes with a host of financial benefits thanks to its QOZ designation.  The QOZ Advantage: Investing in a Qualified Opportunity Zone provides a range of substantial financial incentives, making this property an even more compelling proposition:  Capital Gains Deferral: By investing capital gains from previous investments into this QOZ property, you can defer paying federal capital gains tax until December 31, 2026, or until you sell the property, whichever comes first. Tax Reduction: If you hold the property for at least five years, you can reduce your deferred capital gains tax by 10%. Hold it for seven years, and that reduction increases to 15%. Tax Exemption on Gains: Perhaps the most enticing benefit - if you hold the property for ten years, you pay zero capital gains tax on any appreciation in the property's value. The Location: Situated within this QOZ, this property is strategically positioned to take full advantage of these financial benefits. Moreover, its location in a burgeoning West Philadelphia neighborhood ensures strong demand for development projects.  The Development Potential: With CMX-2 zoning allowing for a maximum height of 38 feet and the by-right option for up to 28 units, your development possibilities are vast. You have the flexibility to create a diverse array of projects, all while enjoying the financial advantages of the QOZ. Why This Property: Tax Advantages: The QOZ designation is a game-changer for your investment, potentially offering substantial savings and increased ROI. Strategic Location: West Philadelphia's ongoing growth and revitalization make it an ideal location for development. Versatile Potential: With the freedom to create your vision, you can tailor the property to meet various market demands. Your Vision, Our Expertise: Our experienced team is ready to assist you in navigating the intricacies of QOZ investments and real estate development. From concept to execution, we are committed to helping you realize your vision while maximizing financial benefits.  Act Now: Opportunities like this in a QOZ are rare and time-sensitive. Secure this investment to reap not only the rewards of a promising development but also the significant financial benefits that a QOZ brings.