$699,999
4949 WAYNE AVE Philadelphia, PA 19144
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$699,999
Est. payment /mo
4,546 Sqft Lot
UPDATED:
11/15/2024 01:04 PM
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Germantown
MLS Listing ID PAPH2418968
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $794
Tax Year 2025
Lot Size 4,546 Sqft
Acres 0.1
Lot Dimensions 49,0 X 93.0
Property Description
Zoning-approved multifamily development opportunity in Philadelphia’s popular Wayne Junction neighborhood. This value-engineered proposed development features 5 floors of wood frame construction with 21 units throughout ±22,593 SF with ground floor commercial space, fitness center and green roof terrace atop the building showcasing sensational views of the Philly skyline. This boutique, elevator building will feature sixteen (16) 1bd x 1ba apartments and four (4) 2bd x 2ba apartments. This prominent corner site benefits from 49’ of frontage—ownership worked diligently to assemble the three (3) contiguous lots that make up roughly ±4,546 SF or prime urban land. Easy access to Wayne Junction, Germantown + Mount Airy amenities, breweries, shops and restaurants, as well as Wayne Junction Septa (regional rail). Purchase this approved real estate in a Top-10 USA MSA today and plant your company’s flag in PHL. Enquire within for PPP (pro forma, permits, plans). 10 year tax abatement-eligible. Pay taxes on assessed land value for 10 years rather than the improvements (21 unit building). This area is poised for above-average rent growth and appreciation and is surrounded by progressive new development in every direction. Make your move.
Location
State PA
County Philadelphia
Area 19144 (19144)
Zoning CMX2.5
Exterior
Waterfront N
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 885103840
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Listed by Ryan J McManus • Keller Williams Liberty Place