4200 Lancaster Ave
Philadelphia, PA 19104
16 Unit QOZ Site · Land For Sale
·
0.10 AC
Investment Highlights
- SHOVEL-READY DEVELOPMENT SITE
- ACCESS TO MAJOR EMPLOYERS AND UNIVERSITIES
- PHILLY'S FASTEST GROWING SUBMARKET
Property Facts
| Property Type | Land | Total Lot Size | 0.10 AC |
| Property Subtype | Commercial | No. Stories | 4 |
| Proposed Use | Apartment Units | ||
| Zoning | CMX2 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.10 AC |
| No. Stories | 4 |
| Zoning | CMX2 |
Description
Qualified Opportunity Zone (QOZ) shovel-ready multifamily development site FOR SALE in University City, Philadelphia. Located in the fastest growing sector of Philly, this prime corner parcel is fully entitled to construct 15 apartments atop ground floor commercial space on the bustling Lancaster Avenue commercial corridor on the Drexel side of Ucity. Millions of SF and billions of dollars in new development underway in the district including Schuylkill Yards, Science Center, University Place 3.0. This is one of the most concentrated innovation districts in the United States with national leading employment centers and higher learning institutions. All plans and permits include with sale. Site demolition will be finished by February 2021 at latest. 10 year tax abatement included; this will be one of the last developments to secure the full 10 year abatement in Philly before the program is decreased. Enquire within for pro forma financials, plans, permits (PPP) + MAKE YOUR MOVE!
Property Taxes
| Parcel Number | 881000056 | Improvements Assessment | $1,944,000 |
| Land Assessment | $216,000 | Total Assessment | $2,160,000 |
Property Taxes
