This Land Property is no longer advertised on LoopNet.com.

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
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
  • Hospitality
  • Apartment Units
  • Single Family Development
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.

  • Listing ID: 26302908

  • Date on Market: 8/1/2022

  • Last Updated:

  • Address: 5101 Westminster Ave, Philadelphia, PA 19131

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