$1,095,000
5139 WAYNE AVE Philadelphia, PA 19144
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$1,095,000
Est. payment /mo
0.29 Acres Lot
UPDATED:
11/15/2024 11:52 AM
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2418608
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $1,153
Tax Year 2024
Lot Size 0.288 Acres
Acres 0.29
Lot Dimensions 70.00 x 175.00
Property Description
Select Commercial Advisors is pleased to present the opportunity to acquire and develop a multifamily residential 4-story elevator-serviced building with a green roof featuring +/- 34,500 square feet across 48 apartment units. The project will be delivered with a fully approved set of zoning and building permits. The site received the full 10-year Tax Abatement in 2021, meaning that the value of improvements is 100% abated for 10 years after construction. With expertly value-engineered plans, the project offers attractive unit layouts in a cost-effective design. As the Germantown/Wayne-Junction rental real estate market flourishes, take advantage of an entitled development opportunity in one of the city’s most dynamic neighborhoods! Broker of record has financial interest. Inquire for detailed offering memorandum and permit set.
Location
State PA
County Philadelphia
Area 19144 (19144)
Zoning RM1
Exterior
Waterfront N
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District Philadelphia City
Others
Tax ID 123215100
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Listed by Samantha Lee Miller • Select Commercial Advisors