MLS® ID: PAPH832486

1732 N 22ND STREET

PHILADELPHIA, Pennsylvania, 19121

$1,369,000 Active Under Contract
  • - SQFT
DEVELOPER // INVESTOR ALERT: Prime Location. 25,552 SF or .587 acres of land zoned RM-1 plus improvements are Offered For Sale. This sale combines two multifamily development packages containing nine separate parcels for a total of 12 buildable lots. Each lot is essentially 18'x120' or 2,160 SF and occupies a total of 217' of premium frontage. ||| Two parcels offer 91' of continuous frontage: lot 1726, 23'x120' and lot 1732, 68'x120'. Essentially, this package represents five generous buildable multifamily lots. An active two-story 9,450 SF masonry and timber structure with a full basement occupies lot 1732 (1728-1730-1732-1734). The congregation is not opposed to its possible demolition, if necessary for development. The second package offers seven parcels located nearby on the 1700 block of North 22nd Street. These seven parcels contain three pairs of side-side lots 36'x120' plus one stand-alone lot 18'x120'. 1714-1716, 1720-1722, 1746, 1750-1752 North 22nd Street. ||| This compelling project offers the possibility of a prominent 10-year tax abatement on the value of the improvements. Furthermore, it is also eligible for NMTC (New Market Tax Credit) benefits. These robust parkfront multi-family lots overlook Martin Luther King Recreation Center at 22nd and Cecil B. Moore. This area is percolating with development and is poised for new housing growth. These robust parcels lend themselves to many useful multi-family development models. Excellent Public Transportation options are available nearby to Broad Street, Temple University, Center City, Old City, Brewerytown and Fishtown. Drive-by, then bring your ideas and contact us. Written Offers Only,
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Listing courtesy of Keller Williams Philadelphia

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    19121
  • Office name
    Keller Williams Philadelphia
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Land
  • Zoning type
    RM-1
  • School district
    THE SCHOOL DISTRICT OF PHILADELPHIA
  • Year built
    0
  • Lot size
    0.59
  • Sewer
    Public Sewer
  • Agent name
    Tiffinie Biggs
  • Purchase Type
    Active
  • Price Range
    $1.25m-$1.5m
  • Square Feet Range
    < 1000 sq ft.
  • Office ID
    KELWLMCC
  • Agent ID
    3268054

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