Prime Land Development Opportunity at 3119 N 13th Street, Philadelphia PA 19133. Property Highlights! A nicely sized 15 x 85 ft lot with RM1 zoning, ideal for 3 UNIT multi-family residential developments. "Opportunity Zone Benefits" Take advantage of significant tax incentives and potential investment returns by being located in a designated Opportunity Zone. 10-Year Tax Abatement! "Construction Ready" Permits have been issued for constructing a new multi-family development, allowing for immediate build-out and reducing the usual time delays associated with obtaining construction approvals. "Approved Triplex Development "This 3-story multifamily commercial space offers immense potential for developers and investors. The triplex includes: Ground Floor: A spacious bi-level unit featuring 3 bedrooms and 2 bathrooms, ideal for families or shared living. Second Floor: A well-designed 2-bedroom, 1-bathroom unit perfect for young professionals or small families. Third Floor: Another 2-bedroom, 1-bathroom apartment, providing a comfortable and modern living space. "Rooftop Deck" Enjoy stunning views and additional recreational space with a rooftop deck, adding significant value and appeal. Located in the rapidly developing neighborhood of Allegheny, North Philadelphia, the demand for residential units is increasing, driven by the proximity to key areas such as Temple University and the city's commercial hubs and minutes from Center City. "Investment Appeal "The area is experiencing significant growth, with new multi-family developments and investments pouring into the neighborhood, ensuring a high return on investment for developers and investors. With increasing property values and rental rates. Investing now allows you to benefit from future appreciation. "Immediate Build Potential" This investment promises financial returns and contributes to the revitalization of a growing community, enhancing its infrastructure and living conditions. "High Demand Area" Proximity to major institutions and the bustling North Broad Street corridor ensures high rental demand and stable occupancy rates. Modern Living Spaces: Each unit is thoughtfully designed with high-end finishes and modern amenities to cater to the needs of today’s renters. All necessary certifications and permits have been secured from the City of Philadelphia. Architectural plans are approved. This a dig-in-ready project. "Prime Location" Situated just minutes away from Temple Hospital and Temple Campus, this property is perfectly positioned to attract students, medical professionals, and city commuters. Schedule a Private Showing

Listing courtesy of BRIGHT / Trinity Property Advisors

Last checked: Checking… • Last updated Nov 14, 2024 • Source: BRIGHT

MLS# PAPH2377692 — Report a problem