Philadelphia, PA 19126 702 Oak Lane Avenue

702 Oak Lane Avenue Philadelphia, PA - Image 1702 Oak Lane Avenue Philadelphia, PA - Image 2702 Oak Lane Avenue Philadelphia, PA - Image 3
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702 Oak Lane Avenue Philadelphia, PA - Image 4702 Oak Lane Avenue Philadelphia, PA - Image 5702 Oak Lane Avenue Philadelphia, PA - Image 6702 Oak Lane Avenue Philadelphia, PA - Image 7702 Oak Lane Avenue Philadelphia, PA - Image 8
Presented By: Mosaic Brokerage Group, LLC
  • MLS# PAPH2451646
  • 03/03/2025
  • Request Tour
  • Request Info
  • SQFT • 11,066

Home Details

As-Is Apartment Building with Significant Upside Potential This is a prime investment opportunity for seasoned investors or developers looking to capitalize on a building with incredible upside potential. Located in Germantown, this is being offered as-is and presents an ideal opportunity for a value-add rehab project. Given the size of the lot, there is also an opportunity to build additional units to enhance the value of this opportunity greatly. Apartment building is zoned CMX2 which allows for great flexibility in the underlying development potential. While the property currently requires renovation, its strategic location, and solid structural foundation offer immense potential for future growth and profitability. With proper updates and upgrades, this property can be transformed into a high-demand, income-producing asset with substantial appreciation potential. See pro-forma valuation to see the potential upside that this building offers. This building is priced to sell with substantial room for value creation. Whether you're looking to fix and flip or hold for long-term rental income, this property offers a fantastic opportunity to realize a significant return on investment. Key Highlights: Located in a rapidly developing and high-demand area Solid bones and structure, ready for a complete Potential for improved market rents, long-term capital appreciation, and increased occupancy rate
Presented By: Mosaic Brokerage Group, LLC

Interior Features for 702 Oak Lane Avenue

Other Interior Features

Central Air Y/NYes
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 702 Oak Lane Avenue

Acceptable FinancingCash, Conventional, Private, Other
AccessibilityDoors - Lever Handle(s)
Business TypeApartment Building, Storage, Other
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsFew blocks from Cheltenham Avenue Just before N. 5th St.
HeatingForced Air, Radiator
Lease Considered Y/NNo
Lot Size Square Feet11066.00
Lot Size UnitsSquare Feet
MLS Area19126 (19126)
ModificationTimestamp2025-04-08T17:16:48
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total5
OwnershipFee Simple
PossessionImmediate, Negotiable
Possible UseApartments, Commercial, Development
Price Per Sq Ft Total AG132.87
Property SubtypeFive Or More Units
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount6332.0
Tax Assessed Value452400.0
Tax Lot87
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1925
Year Built SourceAssessor
ZoningCMX2

Exterior for 702 Oak Lane Avenue

Building Area Total4892.00
Car Parking Spaces
Land Assessed Value135720.00
Land Use CodeCA0
Lot Dimensions55.00 x 200.00
Lot Size Acres0.25
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $650,000
MLS#PAPH2451646
List Date 03/03/2025
Property Type Commercial
Phone 703.929.4729
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