Philadelphia, PA 19131 5101 Westminster Avenue
$1,249,999



6 more







Presented By: Tesla Realty Group, LLC
Home Details
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 apartmentsstudios, one-bedroom, and two-bedroom unitscomplete with parking in an elegant five-story structure. Benefit from a significant 10-year tax abatement, allowing for increased returns on investment.
Dont 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!
Presented By: Tesla Realty Group, LLC
General for 5101 Westminster Avenue
Additional Parcels Y/NNo
CityPHILADELPHIA
Clean Green Assessed Y/NNo
CountyPHILADELPHIA
Current UseVacant
Directions5101 Westminster ave
HOANo
Lot Size Square Feet25669.00
Lot Size UnitsSquare Feet
MLS Area19131 (19131)
ModificationTimestamp2025-04-18T11:49:49
MunicipalityPHILADELPHIA
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG48.7
Property SubtypeLand
Property TypeLand
School DistrictPHILADELPHIA CITY
SewerPublic Sewer, Public Septic
Standard StatusActive
StatusACTIVE
Tax Annual Amount120170.0
Tax Assessed Value8584800.0
Tax Lot444
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
ZoningRM2
Exterior for 5101 Westminster Avenue
Land Use CodeX50
Lot Dimensions0.00 x 141.00
Lot Size Acres0.59
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
