990 W Tabor Road
Philadelphia, PA 19141
- – beds
- – baths
- – sqft
- ~1/2 acre lot
Excellent investment opportunity awaits at 990 W Tabor St, where 77 proposed units can be built without the need for a zoning variance. This prime 16,940 square foot commercial lot, adjacent to Einstein Hospital, offers a "By-Right" development opportunity, ensuring a streamlined process for potential developers. Benefit from a 10-year Tax Abatement and capitalize on the property's location within a Federal Opportunity Zone, unlocking potential tax incentives for savvy investors. Positioned amidst a robust medical employment hub, with institutions like Einstein Medical Center, Temple University Hospital, and Shriner’s Hospital for Children nearby, this location promises steady demand from medical professionals and staff. Convenient access to public transportation further enhances the property's appeal, with SEPTA’s Fern Rock Transportation Center just a short walk away. This strategic location ensures easy commuting for future residents, with a mere 20-minute ride to Center City Philadelphia. Seize the opportunity to develop 77 apartment units on this vacant land, strategically located in the Olney Section of Philadelphia. With CMX-2 zoning in place, new ownership can move forward confidently in creating a thriving residential community near major employment centers. Don't miss out on this exceptional chance to invest in the growth potential of the Tabor Road Multi-Family Development Site.
Last checked:
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Last updated Oct 17, 2024
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MLS# PAPH2324716 —
Financial & Terms
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Sale Type:Standard
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Possession:Settlement
Location
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Directions:Located next to Einstein Hospital
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Latitude:40.03676987
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Longitude:-75.13657379
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:0.49
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Lot Size Source:Assessor
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Lot Size Dimensions:126.00 x 237.00
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Lot Dimensions Source:Assessor
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Lot SqFt:21,464 Sqft
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Additional Parcels:No
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Zoning:CMX2
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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:
- (267) 210-3080
- Office phone:
- (215) 383-1439
Taxes
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Tax ID Number:885376340
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Tax Year:2024
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Tax Lot:158
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Tax Annual Amount:$3,905
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Tax Assessed Value:$279,000
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Year Assessed:2024
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School Tax:2187.0
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City/Town Tax:1718.00
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Total Taxes Payment Frequency:Annually
Utilities
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Sewer/Septic:Public Sewer
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Water Source:None
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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Association Recreation Fee:No
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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 |
|---|---|---|---|---|
|
10/17/24
Oct 17, 2024
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Price Changed | BRIGHT | $750,000 | -16.7% |
|
7/3/24
Jul 3, 2024
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Price Changed | BRIGHT | $900,000 | -10.0% |
|
2/22/24
Feb 22, 2024
|
Listed / Active | BRIGHT | $1,000,000 |
