74-UNIT DEVELOPMENT SITE

5101 Westminster Ave, Philadelphia, PA 19131
$1,395,000

Price Per SF
$54
Price Per Unit
$18,851
Units
74
Gross SQFT
25,669
Property Type
Land

EXECUTIVE SUMMARY

Massive ±25,420 SF corner parcel in West Philly: Shovel-ready multifamily development site with plans and permits on hand to build 74 units. Easy access to University City — the “eds and meds” economy featuring PENN, DREXEL, CHOP, SCIENCE CENTER, SCHUYLKILL YARDS, 30TH ST STATION + more. This location is the powerhouse of the Philadelphia marketplace. Real estate in West Philadelphia is poised for massive gains in the years to come, powered by innovation in higher education, healthcare, life sciences, business and technology. The need for high quality housing has never been greater. Buy and build! Permits and plans conveyed at sale. The Property consists of studios, 1bd + 2bd apartments plus parking in a 5-story structure. 10 year tax abatement. Enquire within for PPP (pro forma, plans, permits).


Broker of Record

  • Kyle Matthews
  • License No. RB068831 (PA)
  • (866) 889-0550
  • Matthews Real Estate Investment Services
  • 1600 West End Ave,
    Suite 1500 Nashville, TN 37203