248 N Lawrence Street
Philadelphia, PA 19106
- – beds
- – baths
- – sqft
- 1,531 sqft lot
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**Prime Opportunity in Old City - 248 N Lawrence St** Attention builders and visionaries, a remarkable chance awaits at 248 N Lawrence St in Old City. With 7655 sqft of space, this building holds the potential to rise 6 stories, with one unit per floor. The rear reveals stunning panoramic views of Franklin Square, a promising canvas for premium rentals or lucrative condo sales. This property is being sold as is Seller will not agree to zoning variances. **Features:** - 17.5x87.5 dimensions, 1487 sqft area - CMX3 zoning, build u and allows for mid term rentals - Adjacent to Ben Franklin Bridge approach, a strategic location - Property backed by DRPA-owned recreational land - Achievement of 6 stories demands a 2nd egress execution that buyer is responsible for Unveil the possibilities of this remarkable property. Take advantage of its incredible potential and transform 248 N Lawrence St into a towering success in the heart of Old City.
Listing courtesy of BRIGHT / KW Empower
Last checked:
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Last updated Oct 17, 2024
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MLS# PAPH2040538 —
Financial & Terms
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Sale Type:Standard
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Buyer Financing:Other
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Possession:Settlement
Location
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Directions:On N Lawrence St.
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Latitude:39.95557785
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Longitude:-75.14716339
The Property
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Property Type:Land
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Property Subtype:Land
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Current Use:Vacant
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Lot Size Units:Square Feet
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Lot Size Acres:0.04
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Lot Size Source:Assessor
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Lot Size Dimensions:17.50 x 87.50
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Lot Dimensions Source:Assessor
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Lot SqFt:1,531 Sqft
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Additional Parcels:No
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Zoning:CMX3
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Farm Land Preservation:No
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Land Use Code:SC
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (215) 607-6007
- Office phone:
- (215) 627-3500
Taxes
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Tax ID Number:885024800
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Tax Year:2023
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Tax Lot:229
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Tax Annual Amount:$7,388
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Tax Assessed Value:$527,800
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Year Assessed:2023
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School Tax:4054.0
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City/Town Tax:3334.00
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Total Taxes Payment Frequency:Annually
The Listing
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Close Sale Type:Short Sale
Utilities
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Sewer/Septic:Private Sewer
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Water Source:Public
Schools
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School District Name:The School District Of Philadelphia
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School District Source:Listing Agent
The Community
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HOA:No
Extra Units
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Vacation Rental:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/22/24
Jul 22, 2024
|
Sold | BRIGHT | $547,500 | -8.0% |
3/28/24
Mar 28, 2024
|
Sold Subject To Contingencies | BRIGHT | $595,000 | |
1/22/24
Jan 22, 2024
|
Price Changed | BRIGHT | $595,000 | -25.5% |