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$949,999
Est. payment /mo
3,200 Sqft Lot
UPDATED:
11/07/2024 01:59 PM
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2383966
HOA Y/N N
Originating Board BRIGHT
Tax Year 2024
Lot Size 3,200 Sqft
Acres 0.07
Lot Dimensions 20.00 x 160.00
Property Description
Introducing 2123 NORTH BROAD — a prime QOZ (Opportunity Zone) multifamily development parcel in the North Broad District / Temple University submarket of Philadelphia, Pennsylvania. With 22 units (44 beds) in a proposed 19,200 SF structure, this asset will command perennial rental demand for generations to come, backed by the power of Philadelphia's largest university by enrollment. Temple University benefits from its central location, transit-rich environment, high-profile NCAA programs, and its ever-growing academic campus. 700 SF of commercial space activates the vibrant streetscape and proposed building. Offered at an attractive land basis, 2123 NORTH BROAD ST presents a sound development/investment thesis on a leading national higher-education campus backed by strong rental fundamentals. 10-year tax abatement eligible — pay taxes on the assessed land value for 10 years, rather than the assessed value of the future improved structure. Buyer responsible for verifying taxes, entitlements, lot dimensions + SF in DD. Renderings for illustrative purposes.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning CMX25
Exterior
Water Access N
View City
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax ID 871400395
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Listed by Ryan J McManus • Keller Williams Liberty Place
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