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620 N 37th St
Philadelphia, PA 19104
620 N 37th st · Land For Sale
·
0.10 AC
INVESTMENT HIGHLIGHTS
- 100% Shovel Ready for 19 residential units
- No Affordable housing required
- 10 Year Full tax abatement
- Assistance with construction and management available for a turnkey project
EXECUTIVE SUMMARY
100% shovel-ready project approved for 19 residential units with a full 10-year real estate tax abatement and no affordable housing requirement.
An available official bank appraisal values the land at $1,000,000 and the post-construction property at $6,325,000.
The current owner is available to assist with construction and property management for the buyer if desired.
Located in the University City/Mantua area within walking distance to Drexel University and the University of Pennsylvania, this development will offer highly desirable units that are easy to lease.
Don’t miss this prime, ready-to-build opportunity. Full plans, permits, and a pro forma are available upon request.
An available official bank appraisal values the land at $1,000,000 and the post-construction property at $6,325,000.
The current owner is available to assist with construction and property management for the buyer if desired.
Located in the University City/Mantua area within walking distance to Drexel University and the University of Pennsylvania, this development will offer highly desirable units that are easy to lease.
Don’t miss this prime, ready-to-build opportunity. Full plans, permits, and a pro forma are available upon request.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.10 AC |
| Property Type | Land | Year Built | 2024 |
| Property Subtype | Residential | Opportunity Zone |
Yes
|
| Zoning | RSA5 - Residential Zoning | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.10 AC |
| Year Built | 2024 |
| Opportunity Zone |
Yes |
| Zoning | RSA5 - Residential Zoning |
1 LOT AVAILABLE
Lot
| Price | $699,000 | Lot Size | 0.10 AC |
| Price Per AC | $6,766,305.93 |
| Price | $699,000 |
| Price Per AC | $6,766,305.93 |
| Lot Size | 0.10 AC |
100% Shovel ready for 19 residential units with a FULL ten year real estate tax abatement and no affordable units required.
PROPERTY TAXES
| Parcel Number | 881819805 | Improvements Assessment | $2,099,100 |
| Land Assessment | $233,200 | Total Assessment | $2,332,300 |
PROPERTY TAXES
Parcel Number
881819805
Land Assessment
$233,200
Improvements Assessment
$2,099,100
Total Assessment
$2,332,300
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620 N 37th St - 620 N 37th st
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