$ 1,295,000
5101 WESTMINSTER AVE Philadelphia, PA 19131
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$ 1,295,000
Est. payment | /mo
0.59 Acres Lot
$ 1,295,000
Est. payment | /mo
0.59 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision West Philadelphia
MLS Listing ID PAPH2385164
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $120,170
Tax Year 2024
Lot Size 0.589 Acres
Acres 0.59
Lot Dimensions 0.00 x 141.00
Property Description
Massive ±25,420 SF corner parcel in West Philly: Shovel-ready multifamily development site with plans and permits on hand to build 74 units. Easy access to University City — the "eds and meds" economy featuring PENN, DREXEL, CHOP, SCIENCE CENTER, SCHUYLKILL YARDS, 30TH ST STATION + more. This location is the powerhouse of the Philadelphia marketplace. Real estate in West Philadelphia is poised for massive gains in the years to come, powered by innovation in higher education, healthcare, life sciences, business and technology. The need for high quality housing has never been greater. Buy and build! Permits and plans conveyed at sale. The Property consists of studios, 1bd + 2bd apartments plus parking in a 5-storey structure. 10 year tax abatement. Enquire within for PPP (pro forma, plans, permits). BUYER RESPONSIBLE FOR VERIFYING TAXES, SF, AND ENTITLEMENTS IN DD.
Location
State PA
County Philadelphia
Area 19131 (19131)
Zoning RM2
Exterior
Water Access N
View City
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax ID 881000337
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by Ryan J McManus • Keller Williams Liberty Place
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Jean & Christine Andrews/Joyce
CRS, DRI, Notary | Assistant Broker | Lic# J: LIC#99697 | C: LIC#602439