1732 N 22ND Street

    PHILADELPHIA, PA 19121
    • $1,369,000
    • STATUS: Active Under Contract
    • ON SITE: 207 days
    • ID#: PAPH832486
    Under Contract
    UPDATED: 63 min ago
    $1,369,000
    • 0
      BEDS
    • 0.59
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    DEVELOPER // INVESTOR ALERT: Prime Location. 25,552 SF or .587 acres of land zoned RM-1 plus improvements are Offered For Sale. This sale combines two multifamily development packages containing nine separate parcels for a total of 12 buildable lots. Each lot is essentially 18'x120' or 2,160 SF and occupies a total of 217' of premium frontage. ||| Two parcels offer 91' of continuous frontage: lot 1726, 23'x120' and lot 1732, 68'x120'. Essentially, this package represents five generous buildable multifamily lots. An active two-story 9,450 SF masonry and timber structure with a full basement occupies lot 1732 (1728-1730-1732-1734). The congregation is not opposed to its possible demolition, if necessary for development. The second package offers seven parcels located nearby on the 1700 block of North 22nd Street. These seven parcels contain three pairs of side-side lots 36'x120' plus one stand-alone lot 18'x120'. 1714-1716, 1720-1722, 1746, 1750-1752 North 22nd Street. ||| This compelling project offers the possibility of a prominent 10-year tax abatement on the value of the improvements. Furthermore, it is also eligible for NMTC (New Market Tax Credit) benefits. These robust parkfront multi-family lots overlook Martin Luther King Recreation Center at 22nd and Cecil B. Moore. This area is percolating with development and is poised for new housing growth. These robust parcels lend themselves to many useful multi-family development models. Excellent Public Transportation options are available nearby to Broad Street, Temple University, Center City, Old City, Brewerytown and Fishtown. Drive-by, then bring your ideas and contact us. Written Offers Only,

    Monthly Payment Calculator



    ©2020 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 Long & Foster. 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: 2020-04-07T13:50:37.83.
    www.eriksells.com/homes/98882505

    1732 N 22ND Street PHILADELPHIA, PA 19121

    • Price: $1,369,000
    • Status: Active Under Contract
    • Updated: 63 min ago
    • ID#: PAPH832486
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.59
    Acres
    Neighborhood:
    19121 (19121)
    County:
    Philadelphia
    Area:
    19121 (19121)
    School District:
    The School District Of Philadelphia
    Property Description
    DEVELOPER // INVESTOR ALERT: Prime Location. 25,552 SF or .587 acres of land zoned RM-1 plus improvements are Offered For Sale. This sale combines two multifamily development packages containing nine separate parcels for a total of 12 buildable lots. Each lot is essentially 18'x120' or 2,160 SF and occupies a total of 217' of premium frontage. ||| Two parcels offer 91' of continuous frontage: lot 1726, 23'x120' and lot 1732, 68'x120'. Essentially, this package represents five generous buildable multifamily lots. An active two-story 9,450 SF masonry and timber structure with a full basement occupies lot 1732 (1728-1730-1732-1734). The congregation is not opposed to its possible demolition, if necessary for development. The second package offers seven parcels located nearby on the 1700 block of North 22nd Street. These seven parcels contain three pairs of side-side lots 36'x120' plus one stand-alone lot 18'x120'. 1714-1716, 1720-1722, 1746, 1750-1752 North 22nd Street. ||| This compelling project offers the possibility of a prominent 10-year tax abatement on the value of the improvements. Furthermore, it is also eligible for NMTC (New Market Tax Credit) benefits. These robust parkfront multi-family lots overlook Martin Luther King Recreation Center at 22nd and Cecil B. Moore. This area is percolating with development and is poised for new housing growth. These robust parcels lend themselves to many useful multi-family development models. Excellent Public Transportation options are available nearby to Broad Street, Temple University, Center City, Old City, Brewerytown and Fishtown. Drive-by, then bring your ideas and contact us. Written Offers Only,
    Exterior Features

    Garage YN No Location Type Urban Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Property Features

    Acceptable Financing CashConventional Assessment Year 2020 Association YN No Central Air YN No Condo YN No Construction Completed YN No Cross Street Cecil B. Moore Current Use Vacant Electric 3 Phases200+ Amp Service Historic YN No Incorporated City Name Philadelphia Lease Considered YN No Navigable Water YN N New Construction YN No Original MLSNumber 302038050561 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Land Sale Type Standard Sewer Public Sewer Tax Annual Amount 356.00 Tax Assessment Amount 25400.00 Vacation Rental YN No Water Source Public Zoning Rm-1 Zoning Description Multifamily

    Listing courtesy of Keller Williams Philadelphia.


    ©2020 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 Long & Foster. 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: 2020-04-07T13:50:37.83.
     
    Long & Foster
    7465 Lancaster Pike Suite M
    Hockessin DE, 19707