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- LoopNet Team
4949 Wayne Ave
Philadelphia, PA 19144
4949 WAYNE · Land For Sale
·
4,546.00 AC
INVESTMENT HIGHLIGHTS
- ZONING APPROVED FOR 21 UNITS + AMENITIES
- HIGH-GROWTH LOCATION IN TOP-10 USA MSA
- VALUE-ENGINEERED ECONOMIC DESIGN
PROPERTY FACTS
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Commercial | Total Lot Size | 4,546.00 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 4,546.00 AC |
DESCRIPTION
Zoning-approved multifamily development opportunity in Philadelphia’s popular Wayne Junction neighborhood. This value-engineered proposed development features 5 floors of wood frame construction with 21 units throughout ±22,593 SF with ground floor commercial space, fitness center and green roof terrace atop the building showcasing sensational views of the Philly skyline. This boutique, elevator building will feature sixteen (16) 1bd x 1ba apartments and four (4) 2bd x 2ba apartments. This prominent corner site benefits from 49’ of frontage—ownership worked diligently to assemble the three (3) contiguous lots that make up roughly ±4,546 SF or prime urban land. Easy access to Wayne Junction, Germantown + Mount Airy amenities, breweries, shops and restaurants, as well as Wayne Junction Septa (regional rail). Purchase this approved real estate in a Top-10 USA MSA today and plant your company’s flag in PHL. Enquire within for PPP (pro forma, permits, plans). 10 year tax abatement-eligible. Pay taxes on assessed land value for 10 years rather than the improvements (21 unit building). This area is poised for above-average rent growth and appreciation and is surrounded by progressive new development in every direction. Make your move.
