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- LoopNet Team
5101 Westminster Ave
Philadelphia, PA 19131
Multifamily Redevelopment Opportunity · Land For Sale
·
0.59 AC

Investment Highlights
- Tax Incentive || Partial Tax Abatement
- Shovel Ready || Ready To Build Up To Five Stories
- 25,793 SF Development and Adaptive Reuse Site || RM-2 Zoning
Property Facts
| Property Type | Land | Proposed Use |
Commercial
|
| Property Subtype | Commercial | Total Lot Size | 0.59 AC |
| Zoning | RM2 - Residential Multi-Family-2 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use |
Commercial
|
| Total Lot Size | 0.59 AC |
| Zoning | RM2 - Residential Multi-Family-2 |
Description
SCOPE Commercial Real Estate Services, LLC "SCOPE" is pleased to present the opportunity to acquire 5101-09 Westminster Ave, a multifamily development and adaptive reuse site located in West Philadelphia. The site sits on a corner 25,793-square-foot lot which allows new ownership to construct a 46,000-square-foot building containing 74 units and 36 surface parking spaces. The plans include the renovation of the existing building structure with 27 units and a newly constructed addition that will contain 47 units. The offering qualifies for a tax abatement under revised 2022 tax abatement programs. Current ownership has successfully obtained zoning approvals. Please consult your land use attorney for further guidance.
Links
Listing ID: 26302908
Date on Market: 8/1/2022
Last Updated:
Address: 5101 Westminster Ave, Philadelphia, PA 19131
The West Philadelphia Land Property at 5101 Westminster Ave, Philadelphia, PA 19131 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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