2401-25 N 2ND ST Active

Philadelphia,PA 19133

$ 4800000

- Bed

- Bath

- SqFt


Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2324218

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $8,894

Tax Year 2024

Lot Size 0.626 Acres

Acres 0.63

Lot Dimensions 248x110

Property Description

2401-25 N 2nd Street is a 27,280 square-foot SHOVEL READY development site fronting on 3 streets: 248 ‘ on N 2nd Street; 110’ on W York Street and 248’ on Palethorp Street. The site is fully approved for 102 Apartments, consisting of 69 units in Building A and 33 units across 11 adjoining triplexes, with 42 parking spaces. The existing structures have been demolished and the site has been cleared, allowing the buyer to put a shovel in the ground at time of closing. The approvals are now in place and therefore included in the sale of the site, Buyer will receive the following: Zoning Permit; Building Permit; Construction Documents; Full 10-Year Abatement; Qualified Opportunity Zone Advantages. The unit mix consists of 67 two-beds, 30 one-beds, 4 studios, and 1 three-bed unit. Rent roll and plans are available upon request.

Location

State PA

County Philadelphia

Area 19133 (19133)

Zoning CMX2.5

Interior

Inclusions Vacant land sold with all plans, permits, and accompanying documents/drawings

Exterior

Waterfront N

Water Access N

Garage N

Building

Lot Description Corner

Sewer Public Sewer

Water Public

Schools

School District The School District Of Philadelphia

Others

Tax ID 881000004

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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