SHOVEL READY DEVELOPMENT OPPORTUNITY! Approved 10 YEAR TAX ABATEMENT + 30 Month Construction Abatement. We are delighted to present an outstanding piece of land that offers a prime opportunity for the development of a 4-story, multi-family structure comprising 27 dwelling units. This shovel-ready project boasts meticulously planned designs, including ground-level under-building parking and access to a rooftop deck. Professionally appraised by BBG, the property holds immense potential for a lucrative investment in a highly sought-after location. Parking: A total of 14 parking spaces have been allocated, providing ample convenience for residents and visitors. Proximity to Temple University Hospital/Medical Center: Situated in close proximity to Temple University Hospital/Medical Center, this location offers an advantageous proximity for medical professionals, students, and staff seeking convenient access to these esteemed institutions. Excellent Transportation Connectivity: Residents will benefit from excellent transportation connectivity, with the main bus stop just 2 blocks away. Furthermore, the property's strategic positioning, only 3 blocks away from the bustling Temple University Hospital, ensures a high demand for housing in the area. Approved Plans and Stamped Ready-to-Build: With the added advantage of approved and stamped plans, this property eliminates the need for extensive design and approval processes, facilitating a streamlined transition into the construction phase. Comparable Sales: A comparable property consisting of 18 units, without parking, on Venango, achieved a sale price of $7 million in April 2022.
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 28th September, 2023 10:34 PM (UTC)