Philadelphia, PA 19104 700-02 N 40Th Street

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Presented By: Keller Williams Realty Group
  • MLS# PAPH2415344
  • 11/15/2024
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Home Details

ATTENTION Investors and Builders!! Great opportunity in one of the fastest growing zip codes in Philadelphia, University City! LOCATION LOCATION LOCATION...get in now while you still can. University City is one of the fastest growing sections of the city with tons of rental demand from Drexel University, Penn University, and young professionals. The Schuylkill Yards Development is proceeding and going to double or triple values here. These 2 HUGE CORNER lots have tons of development potential. ZONED RM-1 and 55 FEET WIDE BY 115 FEET DEEP!!! 700 North 40th Street is 25 feet wide and 702 North 40th Street is 30 feet wide according to public record and both lots are 115 feet deep. With the possibility to develop 14 apartments OR MORE, this is a can't miss opportunity. Bring your offers fast, this one won't last long! Properties are being sold AS-IS!
Presented By: Keller Williams Realty Group

General for 700-02 N 40Th Street

Acceptable FinancingCash, Negotiable, Private
Additional Parcels Y/NNo
CityPHILADELPHIA
CountyPHILADELPHIA
Current UseResidential, Apartments
DirectionsThe two properties are at the corner of Fairmount Avenue and North 40th Street.
DisclosuresProp Disclosure, Lead Based Paint - State
ExclusionsTo be determined.
HOANo
Lease Considered Y/NNo
Location TypeUrban
Lot Size Square Feet6331.00
Lot Size UnitsSquare Feet
MLS Area19104 (19104)
ModificationTimestamp2025-01-21T09:39:36
MunicipalityPHILADELPHIA
OwnershipFee Simple
PossessionNegotiable, Settlement
Possible UseApartments, Commercial, Apartment Building, Development, Multi-Family, Parking
Price Per Sq Ft Total AG86.87
Property SubtypeLand
Property TypeLand
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount4523.0
Tax Assessed Value323200.0
Tax Year2024
TransportationAirport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile, Commuter Rail Station 1 to 5 miles
Vacation Rental Y/NNo
ViewStreet
Water Access Y/NNo
Waterfront Y/NNo
ZoningRM-1

Exterior for 700-02 N 40Th Street

InclusionsTo be determined.
Lot Dimensions55 X 115
Lot FeaturesCorner
Lot Size Acres0.15
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $550,000
MLS#PAPH2415344
List Date 11/15/2024
Property Type Land
Phone 703.929.4729
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