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Listing Details

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School Ratings & Info

Description

This is the only current shovel-ready opportunity in the coveted East Passyunk submarket to build residential townhomes - attractive in and of itself, but when considering the tax abatement implications (program being reduced at start of 2022) for both builders and future homebuyers, this offering is completely enhanced. Walkable to many of the city's favorite bars, restaurants and boutiques, this 6-unit "South Philly" development site is fully entitled to build 3bd x 3ba 2300+ SF luxury residences with pro forma outsales of +/-$600,000. There is no competition in the submarket when considering new construction outsales - meaning the new owner/developer will have the rare ability to command price and control the market to a certain extent. "Restaurant Row" along East Passyunk Avenue is the hippest strip in South Philadelphia, with notable award-winning chefs and establishments lining the Avenue from Broad Street to Washington Avenue and is just a .5M walk from the subject property, as is the Snyder Station on the Septa Broad Street subway line which connects directly into Center City Philadelphia and points north (North Broad) and south (Stadium District).

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-20T09:55:23.137.
www.yourchestercountyhomesearch.com/homes/121179537
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2012 S 9TH Street PHILADELPHIA, PA 19148

  • Price: $1,050,000
  • Status: Active
  • Updated: 71 min ago
  • ID#: PAPH2024670
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Beds
0
Baths
0
½ Baths
0.1
Acres
Neighborhood:
Passyunk Crossing
County:
Philadelphia
Area:
19148 (19148)
School District:
The School District Of Philadelphia
Property Description
This is the only current shovel-ready opportunity in the coveted East Passyunk submarket to build residential townhomes - attractive in and of itself, but when considering the tax abatement implications (program being reduced at start of 2022) for both builders and future homebuyers, this offering is completely enhanced. Walkable to many of the city's favorite bars, restaurants and boutiques, this 6-unit "South Philly" development site is fully entitled to build 3bd x 3ba 2300+ SF luxury residences with pro forma outsales of +/-$600,000. There is no competition in the submarket when considering new construction outsales - meaning the new owner/developer will have the rare ability to command price and control the market to a certain extent. "Restaurant Row" along East Passyunk Avenue is the hippest strip in South Philadelphia, with notable award-winning chefs and establishments lining the Avenue from Broad Street to Washington Avenue and is just a .5M walk from the subject property, as is the Snyder Station on the Septa Broad Street subway line which connects directly into Center City Philadelphia and points north (North Broad) and south (Stadium District).
Exterior Features

Garage YN No Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Property Features

Assessment Year 2021 Association YN No Central Air YN No Construction Completed YN No Current Use WarehouseVacant Lease Considered YN No Municipality Philadelphia Navigable Water YN N Original MLSNumber 800988120766 Ownership Interest Fee Simple Possession Immediate Property Sub Type Land Sale Type Standard Sewer Public Sewer Tax Annual Amount 7607.00 Tax Assessment Amount 543400.00 Tax Lot 346 Vacation Rental YN No Water Source Public Zoning Cmx2

Listing courtesy of Compass Pennsylvania, Llc.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-20T09:55:23.137.
 
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Keller Williams Real Estate
100 Campbell Blvd, Suite 106
Exton PA, 19341