4630 Umbria St
Philadelphia, PA 19127
4620-30 Umbria & 4613-17 Linney Sts. · Land For Sale · 0.19 AC

Fantastic CMX-2 DEVELOPMENT OPPORTUNITY in Philadelphia's booming Manayunk submarket! This price includes 4630 Umbria Street (which is presently utilized as VERY profitable bar), 4620 Umbria Street (which is presently an income producing duplex) and 4613-17 Linney Street which is a vacant lot. Multiple By Right possibilities and even more with various height bonuses/variances easily obtained. Here is an an example; 1.) Keep the bar as is and develop the lot duplex(which must be demolished in this scenario) per seller's lawyer ; "Regarding the affordable housing bonuses, your options are either allocate 10% of the residential units for moderate-income or low-income housing, or to make a payment-in-lieu to the City~s affordable housing trust.~ For the plan which contemplates consolidating all 3 lots, the approximate payments to the City would be as follows;1.) Moderate-income bonus without green roof (18 units) - $161,0002.) Moderate-income bonus with green roof (22 units) - $161,0003.) Low-income bonus without green roof (22 units) - $210,0004.) Low-income bonus with green roof (27 units) - $270,000. 2.) Demolish the bar and add many, many more units. *Note here that neither the Seller, Listing Broker nor Listing Agent can contractually guarantee any of this so buyers are responsible for their own due diligence. More information available upon request. Please call Chris Baker directly at #267-255-2253 and/or email me at cbphillyhome@gmail.com