Philadelphia, PA 19147,1100-18 E PASSYUNK AVE
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Philadelphia, PA 19147,1100-18 E PASSYUNK AVE
Philadelphia, PA 19147,1100-18 E PASSYUNK AVE
Philadelphia, PA 19147,1100-18 E PASSYUNK AVE
Philadelphia, PA 19147,1100-18 E PASSYUNK AVE

$1,300,000

Est. payment /mo

$1,500,000

13.3%
Est.Price: ?

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1100-18 E PASSYUNK AVE Philadelphia, PA 19147

8,518 Sqft Lot

SOLD DATE : 01/29/2016

Key Details

Sold Price $1,300,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision Passyunk Square

MLS Listing ID 1002641954

Sold Date 01/29/16

HOA Y/N N

Originating Board TREND

Year Built 1915

Annual Tax Amount $6,793

Tax Year 2016

Lot Size 8,518 Sqft

Acres 0.2

Lot Dimensions 169X102

Property Description

Location, location, location!!! This is a Tremendous opportunity to develop a huge multi-use building already zoned CMX2 in a high traffic, bustling business and residential area! This triangular, 8518 square foot lot has 102 feet of frontage on Washington Avenue, 160 feet on 8th Street, and 173 feet on Passyunk Avenue. This parcel is an enclave into itself with lots of business and cultural opportunities in the immediate area, not to mention the high prices that residential sales and rentals are fetching. This piece of ground is one of the largest development sites available in the Bella Vista/ Italian Market neighborhood and lends itself to first floor commercial spaces and at least 20+ apartments/condominiums upstairs, generating huge cash flow. There is also room for multi car parking. A clean phase one environmental study has already done, and lenders are eager to get involved in a project of this stature. City maps show that formerly this site housed 12 single family homes and businesses. Owner may consider financing a portion of the purchase with the right terms. Property values are rapidly appreciating in the area, invest/ build now! See attached covenant for restrictions.

Location

State PA

County Philadelphia

Area 19147 (19147)

Zoning CMX2

Rooms

Other Rooms Primary Bedroom

Interior

Fireplace N

Exterior

Water Access N

Garage N

Building

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871272900

Ownership Fee Simple

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Bright MLS (BMLS)
Listed by Michael R. McCann • BHHS Fox & Roach-Center City Walnut
Bought with Michael R. McCann • BHHS Fox & Roach-Center City Walnut

Lisa Jackson

License ID: MD (5006876) & DE (RS-0038166)

+1(717) 649-7248

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