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2365-71 Orthodox Street

PHILADELPHIA, PA 19137
  • $625,000
  • STATUS: Active
  • ON SITE: 218 Days
  • ID#: PAPH996652
UPDATED: 50 min ago
$625,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

Incredible development opportunity for an approved 18 unit plus commercial new construction building in Bridesburg. 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 an additional 6 residential units if you choose to file for a zoning variance during construction totaling 24 residential units. Precedent has been set on the block with multiple other properties receiving zoning variances to change the first floor to residential use. 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 +GG 2bd/2ba units & 6 +GG 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 full 10 year tax abatement and low interest rates on construction financing. All of the heavy lifting has been completed so just finalize the construction drawings and hit the ground running.

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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 Pearson Smith Realty. 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: 2021-10-21T10:53:41.713.
www.wvhomematch.com/homes/115147189
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2365-71 Orthodox Street PHILADELPHIA, PA 19137

  • Price: $625,000
  • Status: Active
  • Updated: 50 min ago
  • ID#: PAPH996652
0
Beds
0
Baths
0
½ Baths
0.18
Acres
Neighborhood:
Bridesburg
County:
Philadelphia
Area:
19137 (19137)
School District:
The School District Of Philadelphia
Property Description
Incredible development opportunity for an approved 18 unit plus commercial new construction building in Bridesburg. 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 an additional 6 residential units if you choose to file for a zoning variance during construction totaling 24 residential units. Precedent has been set on the block with multiple other properties receiving zoning variances to change the first floor to residential use. 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 +GG 2bd/2ba units & 6 +GG 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 full 10 year tax abatement and low interest rates on construction financing. All of the heavy lifting has been completed so just finalize the construction drawings and hit the ground running.
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

Association YN No Central Air YN No Construction Completed YN No Current Use Vacant Municipality Philadelphia Navigable Water YN N New Construction YN No Original MLSNumber 304515276637 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Land Sale Type Standard Sewer Private Sewer Tax Annual Amount 2000.00 Tax Assessment Amount 200000.00 Vacation Rental YN No Water Source Public Zoning Cmx2

Listing courtesy of Keller Williams Philadelphia.


©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 Pearson Smith Realty. 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: 2021-10-21T10:53:41.713.
 
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