139 W Chelten Ave
Philadelphia, PA 19144
Land For Sale
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0.31 AC
Investment Highlights
- Fully Approved, Shovel Ready
- 50 Residential Apartments
- 13-Car Surface Parking
- Qualified Opportunity Zone
- 1 Street-Level Commercial
- Full 10-Year Tax Abatement
Property Facts
Description
On behalf of the ownership, MPN Realty is pleased to exclusively offer an opportunity to acquire and develop a fully designed, approved and shovel-ready multi-family site located at 139-145 Chelten Avenue in the Germantown neighborhood of Philadelphia. Situated on the corner of Chelten Avenue and Knox Street, this fully approved site is located within a designated Qualified Opportunity Zone (QOZ). QOZ developments provide the developer a substantial benefit in mitigating capital gains taxes on a future sale depending upon how long the property is held. This development has an approved use for the following: • (50) Residential Units • (1) Street Level Commercial Space • (13) Surface Parking Spaces As a Shovel Ready development opportunity, the purchase of the site will include: • Zoning Permits • Building Permit • Full Set of Construction Plans • A Full 10-Year Tax Abatement • Designed by The Architectural Firm of Canno Designs The 139-45 Chelten Avenue Sites has an area of approximately 14,000 SF with 81’ of Frontage along Chelten Avenue and 171’ of Frontage on Knox Street.
