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Unique development opportunity in Philadelphia Convention Center. There are multiple developmental projects going on in the neighborhood. Currently there is a Pizza restaurant on the first floor of the existing structure, 4 residential units. Plus 50+ parking lots on the rear side of this property. There are two parcels and 4 addresses , from 325 to331 N 12th Street. Parking spot worthy about $80K to $100K each if for sales. There are leases for the parking lots and restaurant, which can provide your client with a steady income while they are applying for any architectural plan and usage. Their leases are not extremely long so you can choose to not renew their leases or relocate them after your complete your project. Since it is one block away from the convention center, hotel, parking lots building, mixed usage complexes are all good usages.
| DAYS ON MARKET | 97 | LAST UPDATED | 2/4/2024 |
|---|---|---|---|
| TRACT | CENTER CITY | YEAR BUILT | 0 |
| COMMUNITY | 19107 (19107) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Lot/Land/Acreage |
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
| ADDITIONAL DETAILS | |
| AREA | 19107 (19107) |
|---|---|
| BUYER'S BROKERAGE COMPENSATION | 2.25 |
| LOT | 7405 sq ft |
| LOT DIMENSIONS | 35x191 and 32x62 |
| SEWER | Public Sewer |
| SUBDIVISION | CENTER CITY |
| TAXES | 5368 |
| UTILITIES | Cable Available, Underground Utilities, Natural Gas Available |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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