Thank you
Christopher K Somers
KW Empower
215-627-3500
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.
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Water Source : Public
Sewer: Public Sewer
Lot Size: 8,000
Dimensions: 80 X 100
Lot Size (Acres): 0.18
Main Square Feet: 8,000
Total Lot SQ ft: 8,000
Subdivision: BRIDESBURG
Appx. Lot Dimensions: 80 X 100
Total Acreage: 0.18
Possession: Settlement
Days Of Market: 11
Annual Tax: $1,612
Tax Year: 2023
Total Taxes Payment Frequency: Annually
Settlement
Taxes Assessment Amount: $115,200
Direction: From Aramingo Ave, turn onto Tacony St. Turn left onto Orthodox St and the property will be on your left.
School District: PHILADELPHIA CITY
Water Source: Public
Sewer: Public Sewer
Direction: From Aramingo Ave, turn onto Tacony St. Turn left onto Orthodox St and the property will be on your left.
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 |
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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.