1324 Mifflin Street

    PHILADELPHIA, PA 19148
    • $899,999
    • STATUS: Active
    • ON SITE: 131 days
    • ID#: PAPH821694
    UPDATED: 78 min ago
    $899,999
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,331
      SQFT
    • $386
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1930
    County:

    School Ratings & Info

    Description

    Priced out of expensive and competitive East Coast real estate markets like New York, DC and Boston? Invest/own/rent in Philadelphia, Pennsylvania for a fraction of the cost and experience above national average rent growth and asset appreciation while discovering world class culture, cuisine, convenience and connectivity.By right multifamily development site in red hot East Passyunk submarket of Philadelphia, Pennsylvania. Conceptual plans suggest a 16K SF 4 storey mixed use building set back from the street featuring 14 residential units plus 1 commercial space and 1 truly unique 1200 SF carriage house apartment at the entrance. Total of 16 units proposed by right. Eight 1bd apartments and six 2bd apartments proposed in the mixed use building plus commercial or retail space. Common roof deck with unobstructed skyline and bridge views. This is a transit oriented development (TOD) located just 2 blocks from SEPTA Broad ST subway line (Snyder Station). The area is thriving with hip influences, cool factor, convenience and above all else, surging residential demand. Rarely does an opportunity come about to develop such dense multifamily housing in this desirable submarket. Walkable to Philly~s new restaurant row on East Passyunk AVE (half block away) where dozens of the city~s most notable chef inspired restaurants and bars are within minutes of the subject site. No variances needed by maximizing the existing warehouse~s 100% lot coverage. The feasibility plan utilizes available bonuses to achieve maximum density. Please note there are no approvals being transferred upon sale; property only. No contingencies accepted. Plans and feasibility study available upon request..

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    ©2019 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. 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: 2019-12-14T23:50:21.787.
    www.eriksells.com/homes/97598464

    1324 Mifflin Street PHILADELPHIA, PA 19148

    • Price: $899,999
    • Status: Active
    • Updated: 78 min ago
    • ID#: PAPH821694
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,331
    SQFT
    $386
    $/SQFT
    1930
    Built
    Neighborhood:
    19148 (19148)
    County:
    Philadelphia
    Area:
    19148 (19148)
    School District:
    The School District Of Philadelphia
    Property Description
    Priced out of expensive and competitive East Coast real estate markets like New York, DC and Boston? Invest/own/rent in Philadelphia, Pennsylvania for a fraction of the cost and experience above national average rent growth and asset appreciation while discovering world class culture, cuisine, convenience and connectivity.By right multifamily development site in red hot East Passyunk submarket of Philadelphia, Pennsylvania. Conceptual plans suggest a 16K SF 4 storey mixed use building set back from the street featuring 14 residential units plus 1 commercial space and 1 truly unique 1200 SF carriage house apartment at the entrance. Total of 16 units proposed by right. Eight 1bd apartments and six 2bd apartments proposed in the mixed use building plus commercial or retail space. Common roof deck with unobstructed skyline and bridge views. This is a transit oriented development (TOD) located just 2 blocks from SEPTA Broad ST subway line (Snyder Station). The area is thriving with hip influences, cool factor, convenience and above all else, surging residential demand. Rarely does an opportunity come about to develop such dense multifamily housing in this desirable submarket. Walkable to Philly~s new restaurant row on East Passyunk AVE (half block away) where dozens of the city~s most notable chef inspired restaurants and bars are within minutes of the subject site. No variances needed by maximizing the existing warehouse~s 100% lot coverage. The feasibility plan utilizes available bonuses to achieve maximum density. Please note there are no approvals being transferred upon sale; property only. No contingencies accepted. Plans and feasibility study available upon request..
    Exterior Features

    Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types None Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 2331.00 Cooling Central A/C Heating Central Heating YN Yes Net Square Feet 5950.00

    Property Features

    Acceptable Financing CashConventional Accessibility Features None Association YN No Business Type Apartment Building Central Air YN Yes Cooling Fuel Natural Gas Cross Street Juniper Street Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 301933294467 Ownership Interest Fee Simple Possession Immediate Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 4894.0 Tax Assessment Amount 349600.0 Vacation Rental YN No Water Source Public Zoning Cmx-2

    Listing courtesy of Compass Pennsylvania, Llc.


    ©2019 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. 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: 2019-12-14T23:50:21.787.
     
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