$2,725,000
$2,800,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
6,122 Sqft Lot
SOLD DATE : 08/15/2016
Key Details
Sold Price $2,725,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Old City
MLS Listing ID 1002733260
Sold Date 08/15/16
HOA Y/N N
Originating Board TREND
Year Built 1915
Annual Tax Amount $40,110
Tax Year 2016
Lot Size 6,122 Sqft
Acres 0.14
Lot Dimensions 48X102
Property Description
ZONING, PLANS AND PERMITS in place for 19 units - just show up and start work. Property is currently demoed and cleaned, ready for work to begin. 19 Unit Old City Development Opportunity! The property is centrally located at 113-15 Arch St. in Old City Philadelphia (Center City). The property measures approx. usable 22,435 square feet. Lot size is 48x100, total land is 4,876 SF and zoning is CMX-3. The subject property is conveniently located near public transport such as 2nd Street Station at Market St as well as the I-95 and I-676. The property is near various historic landmarks such as Independence Hall. Reach out to listing agent for pro forma or with any questions. ARV is 6-7mil as 19 unit rental building and income is 400k+.
Location
State PA
County Philadelphia
Area 19106 (19106)
Zoning CMX3
Rooms
Other Rooms Primary Bedroom
Interior
Fireplace N
Exterior
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881007480
Ownership Fee Simple
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Bought with Bruno R Pouget • Coldwell Banker Realty