PRICE REDUCTION!
Introducing an extraordinary opportunity in the up-and-coming neighborhood of Philadelphia! This vacant lot, located at 1531 N 22nd St, offers immense potential for the future owner to generate substantial equity and long-term cash flow.
Situated in a neighborhood on the rise, this lot presents a prime investment prospect. With a frontage of 16.00 feet and a depth of 57.00 feet, encompassing 912 square feet or 0.0209 acres, this rectangular-shaped lot provides a solid foundation for a variety of development possibilities.
The level topography and CMX2 zoning further enhance the appeal of this property. CMX2 zoning allows for a diverse range of uses, including residential, commercial, and mixed-use development(Do your own diligence), making it ideal for creative entrepreneurs and investors seeking to capitalize on the evolving demands of the area.
This lot's location within an upcoming neighborhood ensures that the future owner will be poised to benefit from the rapid growth and revitalization taking place. As the area continues to flourish, property values are expected to appreciate, resulting in increased equity over time.
Moreover, with careful planning and thoughtful execution, the future owner can tap into the lucrative potential of rental income or future sales. The high demand for housing and commercial space in Philadelphia makes this lot an excellent opportunity to generate a consistent cash flow stream, adding to its long-term value.
Don't miss out on the chance to secure a valuable asset in an up-and-coming Philadelphia neighborhood. With its attractive characteristics, including its rectangular shape, level topography, and CMX2 zoning, this vacant lot holds tremendous potential for the astute investor looking to build equity and generate cash flow over the years.
Contact us today to explore this exciting opportunity further and take a step toward a prosperous future in Philadelphia's thriving real estate market.
Property Type :
Land
Subdivision :
Sharswood
County :
PHILADELPHIA
Style :
Land
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ByOwner last updated this listing 05/02/2024 @ 19:51
MLS: PAPH2248272
LISTED BY: Sergio Giraldo , Rehobot Real Estate, LLC
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
