3.38 Acres Lot
3.38 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2431288
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $7,001
Tax Year 2024
Lot Size 3.382 Acres
Acres 3.38
Lot Dimensions 509.00 x 328.00
Property Description
Please note : No Zoning information herein should be taken as fact, and any potential buyer is encouraged to seek counsel from a qualified zoning attorney as to the legal permissibility of any and all construction activities on or to the subject improvements and lot.
This expansive property offers an exceptional opportunity for developers or investors seeking a lucrative venture. Boasting RSD-1 Zoning, the parcel permits the construction of 10 single-family detached homes with street frontage without the need for variances, though the buyer should seek counsel from a qualified zoning attorney confirm the legal permissibility any development activity. Per the seller's interpretation of the code (see attached document from licensed architect) the land is ready for immediate subdivision and development, allowing builders to commence construction without hurdles.
Additionally, the property features a currently rented single-family home with detached 3 car garage as well as a separate workshop generating $2500/month on a month to month lease. This existing structure can either continue generating income for the new owner or can be delivered vacant.
Ideal for those looking to capitalize on residential development in a sought-after area, this property presents a blend of immediate income potential and significant future development possibilities.
Location
State PA
County Philadelphia
Area 19111 (19111)
Zoning RSD1
Exterior
Water Access N
Garage N
Building
Sewer On Site Septic
Water Well
Schools
School District The School District Of Philadelphia
Others
Tax ID 632193210
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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