5101 WESTMINSTER AVE Pending

Philadelphia,PA 19131

$ 1295000

- Bed

- Bath

- SqFt


Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Pending

Purchase Type For Sale

Subdivision West Philadelphia

MLS Listing ID PAPH2385164

Annual Tax Amount $120,170

Tax Year 2024

Lot Size 0.589 Acres

Property Description

Massive �25,420 SF corner parcel in West Philly: Shovel-ready multifamily development site with plans and permits on hand to build 74 units. Easy access to University City ? the "eds and meds" economy featuring PENN, DREXEL, CHOP, SCIENCE CENTER, SCHUYLKILL YARDS, 30TH ST STATION + more. This location is the powerhouse of the Philadelphia marketplace. Real estate in West Philadelphia is poised for massive gains in the years to come, powered by innovation in higher education, healthcare, life sciences, business and technology. The need for high quality housing has never been greater. Buy and build! Permits and plans conveyed at sale. The Property consists of studios, 1bd + 2bd apartments plus parking in a 5-storey structure. 10 year tax abatement. Enquire within for PPP (pro forma, plans, permits). BUYER RESPONSIBLE FOR VERIFYING TAXES, SF, AND ENTITLEMENTS IN DD.

Location

State PA

County Philadelphia

Area 19131 (19131)

Zoning RM2

Exterior

Waterfront N

Water Access N

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Building

Lot Description Corner

Sewer Public Sewer

Water Public

Schools

School District The School District Of Philadelphia

Others

Special Listing Condition Standard

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