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246 S 59th St 1.77 Acres of Residential Land Offered at $1,345,000 in Philadelphia, PA 19139
INVESTMENT HIGHLIGHTS
- 98 Rental Units
- 3 Commercial
EXECUTIVE SUMMARY
Opportunity to Build !!!!
One of the last grandfathered-in and approved CMX2 Zonings in the Area.
It is a great Rental Project with lots of upsides or great for an ample commercial building.
The Lot is approved to build 98 rental units and 3 commercial spaces on the ground floor.
Unit count, sizes, and layouts can be easily adjusted in the construction drawings.
Design and Zoning approved
Full Community Board Support
One of the last grandfathered-in and approved CMX2 Zonings in the Area.
It is a great Rental Project with lots of upsides or great for an ample commercial building.
The Lot is approved to build 98 rental units and 3 commercial spaces on the ground floor.
Unit count, sizes, and layouts can be easily adjusted in the construction drawings.
Design and Zoning approved
Full Community Board Support
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,345,000 | Lot Size | 1.77 AC |
| Price Per AC | $760,885.61 |
| Price | $1,345,000 |
| Price Per AC | $760,885.61 |
| Lot Size | 1.77 AC |
Great Rental Project , Design, and Zoning Approved !!!! 77,000sqft
1 1
Walk Score®
Very Walkable (76)
Transit Score®
Excellent Transit (71)
Bike Score®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 882969330 | Total Assessment | $455,300 (2026) |
| Land Assessment | $318,710 (2026) | Annual Taxes | ($1) |
| Improvements Assessment | $136,590 (2026) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
882969330
Land Assessment
$318,710 (2026)
Improvements Assessment
$136,590 (2026)
Total Assessment
$455,300 (2026)
Annual Taxes
($1)
Tax Year
2025
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246 S 59th St
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