318-20 N BUDD ST, Philadelphia, PA 19104 - MLS#PAPH2339298

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Doug Strickland

doug@residentialguru.com +1(610) 724-3801

$850,000

Est. payment - /mo

9,000 SqFt

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UPDATED:

08/25/2024 07:01 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 9,000 sqft

Price per Sqft $94

Subdivision West Powelton

MLS Listing ID PAPH2339298

Originating Board BRIGHT

Year Built 1925

Annual Tax Amount $6,010

Tax Year 2024

Lot Size 5,624 Sqft

Acres 0.13

Lot Dimensions 50.00 x 112.00

Property Description

Back on the market at a greatly reduced price! 318-20 N Budd Street is a 50 foot by 112 foot lot within a Qualified Opportunity Zone. This property has multiple strategies and can be built into an apartment building and held to take advantage of the QOZ, sold to another investor looking for the same opportunity or divided into 8 condos with parking and sold individually. Current existing structure on the property is a double wide, 2-story garage primed for development. This property's close proximity to Penn and Drexel creates a variety of possible strategies to capitalize on your investment. Zoning and plans were previously approved (now expired) to develop an 8 unit building with parking for each unit (plans available upon request). A tremendous amount of development is taking place in the area, including 3.0 University Place, Schuylkill Yards and the Science Center.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RSA5

Interior

Hot Water None

Heating None

Cooling None

Heat Source None

Exterior

Waterfront N

Water Access N

Accessibility >84\" Garage Door

Parking Type None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 882008480

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Listed by Christopher Hvostal • KW Empower

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Doug Strickland

+1(610) 724-3801

Agent | License ID: RS275319

Agent License ID: RS275319

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