990 W Tabor Road Philadelphia, PA 19141 Municipality: Philadelphia

Other Residence

Beds

Baths

21,464 Sq. Ft.

0.49 Acre Lot

Property Activity

Time on Site

days

Days on Market

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Last updated on 11/13/2024 2:13 PM

Listing Details

Excellent investment opportunity awaits at 990 W Tabor St, where 77 proposed units can be built without the need for a zoning variance. This prime 16,940 square foot commercial lot, adjacent to Einstein Hospital, offers a "By-Right" development opportunity, ensuring a streamlined process for potenti...al developers. Benefit from a 10-year Tax Abatement and capitalize on the property's location within a Federal Opportunity Zone, unlocking potential tax incentives for savvy investors. Positioned amidst a robust medical employment hub, with institutions like Einstein Medical Center, Temple University Hospital, and Shrinerâs Hospital for Children nearby, this location promises steady demand from medical professionals and staff. Convenient access to public transportation further enhances the property's appeal, with SEPTAâs Fern Rock Transportation Center just a short walk away. This strategic location ensures easy commuting for future residents, with a mere 20-minute ride to Center City Philadelphia. Seize the opportunity to develop 77 apartment units on this vacant land, strategically located in the Olney Section of Philadelphia. With CMX-2 zoning in place, new ownership can move forward confidently in creating a thriving residential community near major employment centers. Don't miss out on this exceptional chance to invest in the growth potential of the Tabor Road Multi-Family Development Site. Continue reading

MLS#

PAPH2336642

Property Type

Other

Year Built

2024

Square Feet

21,464 sq. ft

Price per Sq. Ft.

$34.94

Lot Size

0.49