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4487 Boone St 0.13 Acres of Commercial Land Offered at $475,000 in Philadelphia, PA 19128


Investment Highlights
- Shovel-Ready — Building Permits Issued
- 10-Year Tax Abatements Approved + Developer Abatement
- Approved 2-Lot Subdivision — Board of Surveyors
Executive Summary
Both lots hold approved 10-year declining tax abatements, providing buyers with a meaningful financial advantage. Also notable is the backing from Philadelphia Streets Department and the Board of Surveyors, which have fully approved the subdivision and associated site plans. Deed documentation with metes and bounds is included as part of the transaction, streamlining the title transfer and development process.
Positioned within a desirable section of Northwest Philadelphia, the site benefits from proximity to local retail corridors, business amenities, and easy access to major routes serving Center City and surrounding areas. Offering the potential for near-term residential construction and additional upside through further subdivision, this property aligns well with developers or investors seeking a well-located project with municipal approvals, transferable incentives, and immediate build capability.
Data Room Click Here to Access
- Third Party Reports
Property Facts
| Price | $475,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 0.13 AC |
| Property Type | Land | ||
| Zoning | RSA-3 | ||
| Price | $475,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Single Family Development |
| Total Lot Size | 0.13 AC |
| Zoning | RSA-3 |
1 Lot Available
Lot
| Price | $475,000 | Lot Size | 0.13 AC |
| Price Per AC | $3,533,910.66 |
| Price | $475,000 |
| Price Per AC | $3,533,910.66 |
| Lot Size | 0.13 AC |
Two Shovel-Ready Permitted Lots - Semi-Detached New Build in Roxborough. APNS are 092N110031 (Lot F) and 092N110180 (Lot G).
Description
Shovel-ready 2-lot development package with approved subdivision and building permits in hand. Two detached single-family new construction homes on Boone Street in Roxborough (19128). Parcel F (4489 Boone): 2,657 SF | Parcel G (4487): 3,198 SF | Combined: 5,855 SF. RSA-3 zoning. Both lots have issued building permits (RP-2025-011951, RP-2025-012004) and zoning permits. Approved architectural plans and structural/framing plans included. Both lots have approved 10-year declining tax abatements that transfer to the buyer — a significant financial advantage for end purchasers. Abatement approval letters available in the Data Room. Full diligence binder available in the Data Room: geotechnical report, civil/earth moving plans, excavation calculations, Streets Department approval, arborist assessment, and survey plat. Subdivision was reviewed and approved by the Philadelphia Board of Surveyors (Sept 2024). Deed of subdivision with metes and bounds descriptions for all parcels included. Additional upside: the underlying lot may support a third buildable parcel with a new subdivision application — buyer to perform own due diligence.
Property Taxes
| Parcel Number | 211175900 | Improvements Assessment | $348,160 |
| Land Assessment | $87,040 | Total Assessment | $435,200 |
Property Taxes
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4487 Boone St
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