5101 Westminster Avenue
Philadelphia, PA 19131
- – beds
- – baths
- – sqft
- ~1/2 acre lot
Introducing a remarkable ±25,420 SF corner lot in vibrant West Philadelphia, ideal for your next multifamily development project! This shovel-ready site comes complete with paid permits valued at over $40,000 and detailed plans to construct an impressive 74-unit residential building. Enjoy unparalleled access to the dynamic University City area, a bustling "eds and meds" innovation hub featuring prestigious institutions like the University of Pennsylvania, Drexel University, CHOP, and the Science Center, alongside the thriving Schuylkill Yards and 30th Street Station. This prime location is truly at the heart of the Philadelphia real estate market and is poised for substantial appreciation in the coming years, thanks to its proximity to cutting-edge advancements in education, healthcare, life sciences, business, and technology. The demand for high-quality housing in this area has never been more critical, making this an incredible opportunity to buy and build! Your new development will include a range of apartments—studios, one-bedroom, and two-bedroom units—complete with parking in an elegant five-story structure. Benefit from a significant 10-year tax abatement, allowing for increased returns on investment. Don’t miss out on this extraordinary chance to transform a prime location into much-needed housing. For additional insights on the pro forma, plans, and permits, please reach out. Remember, the buyer is responsible for verifying taxes, square footage, and entitlements during due diligence. Take the next step in shaping Philadelphia's future today!
Last checked:
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Last updated Apr 18, 2025
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MLS# PAPH2471386 —
Financial & Terms
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Sale Type:Standard
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Possession:Immediate
Location
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Directions:5101 Westminster ave
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Latitude:39.96854000
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Longitude:-75.22332000
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:0.59
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Lot Size Source:Assessor
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Lot Size Dimensions:0.00 x 141.00
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Lot Dimensions Source:Assessor
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Lot SqFt:25,669 Sqft
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Additional Parcels:No
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Zoning:RM2
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Waterview: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:X50
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (267) 471-0443
- Office phone:
- (844) 837-5274
Taxes
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Tax ID Number:881000337
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Tax Year:2024
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Tax Lot:444
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Tax Annual Amount:$120,170
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Tax Assessed Value:$8,584,800
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Year Assessed:2025
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School Tax:67296.0
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City/Town Tax:52873.00
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Total Taxes Payment Frequency:Annually
Utilities
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Sewer/Septic:Public Sewer, Public Septic
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Water Source:Public
Schools
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School District Name:Philadelphia City
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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).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’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 |
|---|---|---|---|---|
|
4/16/25
Apr 16, 2025
|
Listed / Active | BRIGHT | $1,249,999 |
