• 2365-71 Orthodox Street PHILADELPHIA, PA 19137

  • $400,000
  • 8,000
    Sq Ft
  • 8000
    Sqft

DEVELOPMENT OPPORTUNITY with ZONING PERMIT APPROVED for 18 residential units plus commercial ground floor new construction building in Bridesburg. You can also build 4 Quadplex buildings by right. This is an 8,000 SF corner lot zoned CMX2 that includes zoning plans and permits, PWD green roof/ERSA approval, lot consolidation, Geotech report, Phase 1 environmental report, lab tested soil samples, and floorplans. The building is designed as a by-right project for 18 residential units and ground floor commercial. The ground floor commercial space can accommodate multiple commercial spaces or can be used as parking with an existing curb cut on Orthodox Street or an additional 6 residential units if you choose to file for a zoning variance during construction totaling 24 residential units. A new construction 4 unit residential building and a renovated 4 unit residential building are located directly across the street. On a bus route, one block from Aramingo Ave, and 3 blocks from the I-95 on ramp this is a very convenient location in an area that is increasing in value. Each unit is designed with a private balcony/deck as well as elevator with access to the common green roof deck. The ground level has a nice lobby with mailroom, bike room, and the basement is a blank canvas if you want to add additional residential units or use for storage or separate commercial rental options. The 2nd through 4th floors consist of the 18 comfortably sized residential units (12 – 2bd/2ba units & 6 – 1bd/1ba units). With prices soaring in Port Richmond, this is the next area to take off with new residential development. Get in now to take advantage of the 10 year tax abatement. All of the heavy lifting has been completed so just finalize the construction drawings and hit the ground running.

Property Type :

Land

Subdivision :

Bridesburg

County :

PHILADELPHIA

Style :

Land

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Property Details

 

Water/Sewer

Water Source : Public

Utility Features

Sewer: Public Sewer

Lot Information

Lot Size: 8,000

Dimensions: 80 X 100

Lot Size (Acres): 0.18

Main Square Feet: 8,000

Property Information

Total Lot SQ ft: 8,000

Subdivision: BRIDESBURG

Appx. Lot Dimensions: 80 X 100

Total Acreage: 0.18

Listing Information

Possession: Settlement

Days Of Market: 11

Tax Information

Annual Tax: $1,612

Tax Year: 2023

Total Taxes Payment Frequency: Annually

Possession

Settlement

Assessment Information

Taxes Assessment Amount: $115,200

Homeowners Association Information

Direction: From Aramingo Ave, turn onto Tacony St. Turn left onto Orthodox St and the property will be on your left.

School Information

School District: PHILADELPHIA CITY

Utility Information

Water Source: Public

Sewer: Public Sewer

Location Information

Direction: From Aramingo Ave, turn onto Tacony St. Turn left onto Orthodox St and the property will be on your left.

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3800 E Thompson Street , Philadelphia, PA,19137 $899,900 -- -- 15,345 15345 Sqft
2340 Margaret Street , Philadelphia, PA,19137 $1,600,000 -- -- 1,246 1344 Sqft
4635 Emery Street , Philadelphia, PA,19137 $195,000 3 1.5 -- 930 Sqft
2720 Croyden Street , Philadelphia, PA,19137 $189,900 2 1.0 992 959 Sqft
4617 Emery Street , Philadelphia, PA,19137 $155,000 2 1.5 1,065 1310 Sqft
4329 E Thompson Street , Philadelphia, PA,19137 $449,000 -- -- 2,636 2636 Sqft
4733 James Street , Philadelphia, PA,19137 $135,500 3 1.0 1,190 1726 Sqft
4731 James Street , Philadelphia, PA,19137 $135,500 3 1.0 1,190 1730 Sqft
4662 James Street , Philadelphia, PA,19137 $95,000 3 1.5 -- 1051 Sqft
4513 Almond Street , Philadelphia, PA,19137 $265,000 2 1.5 1,125 1388 Sqft

Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2024 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.

ByOwner last updated this listing 04/29/2024 @ 15:54

MLS: PAPH2332180
LISTED BY: Christopher K Somers , KW Empower
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.

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