124-30 S 51st St
Philadelphia, PA 19139
Retail Property For Sale
Property Facts
About 124-30 S 51ST ST , PHILADELPHIA, PA 19139
MPN Realty is pleased to exclusively represent the ownership in the sale of 124-130 S. 51st Street. Situated on the southwest corner of 51st and Sansom streets, this parcel has been approved for 60 apartments, 20 underground parking spaces, and work-out facility. The site is located on the edge of the University City’s primary rental market, but those borders have recently expanded to include successful development projects such as West Lofts at 47th and Walnut which was a huge residential conversion of West Philadelphia High School into a modern apartment community. The site is zoned CMX-4 and is located in a QOZ. The interest in Qualified Opportunity Zones as development opportunities has spawned new interest in sites which fall into those designated areas because of the positive federal tax implications of investing there. There is currently a one-story structure on half the site which will require demolition.
Property Taxes
| Parcel Number | 882067890 | Improvements Assessment | $185,120 |
| Land Assessment | $46,280 | Total Assessment | $231,400 |
Property Taxes
