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Rare-to-find Redevelopment Opportunity in South Philadelphia! This 4,900 sq ft commercial warehouse, set on a 70' x 70' corner lot, offers significant potential for redevelopment in the thriving New Bold neighborhood. Zoned I2-Medium Industrial, the site is potentially ideal for a range of uses, including multi-unit residential, office space, or mixed-use development, etc. Buyers are advised to verify zoning requirements with the City of Philadelphia for specific project feasibility. Currently operating as an auto repair shop, the property will be delivered vacant before settlement. Located near East Passyunk Avenue, South Broad Street, and Washington Avenue, this fast-growing neighborhood offers excellent rental demand, business traffic and appreciation potential, supported by new construction nearby and proximity to public transportation, restaurants, and employment hubs. This rare corner lot presents a prime chance to capitalize on South Philadelphia's booming market with a project tailored to meet the area's high demand for residential and commercial spaces.
| DAYS ON MARKET | 60 | LAST UPDATED | 9/24/2024 |
|---|---|---|---|
| TRACT | NEWBOLD | YEAR BUILT | 1920 |
| COMMUNITY | 19145 (19145) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | 19145 (19145) |
|---|---|
| HEAT | Natural Gas |
| LOT | 4792 sq ft |
| LOT DIMENSIONS | 70.00 x 70.00 |
| SEWER | Public Sewer |
| SUBDIVISION | NEWBOLD |
| TAXES | 3857 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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