Philadelphia, PA 19141 990 W Tabor Road
$625,000



0 more
Presented By: TCS Management, LLC
Home Details
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 Shriners 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 SEPTAs 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.
Presented By: TCS Management, LLC
General for 990 W Tabor Road
Additional Parcels Y/NNo
Association Recreation FeeN
CityPHILADELPHIA
Clean Green Assessed Y/NNo
CountyPHILADELPHIA
Current UseVacant
DirectionsLocated next to Einstein Hospital
HOANo
Lot Size Square Feet21464.00
Lot Size UnitsSquare Feet
MLS Area19141 (19141)
MunicipalityPHILADELPHIA
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG29.12
Property SubtypeLand
Property TypeLand
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount4206.0
Tax Assessed Value300500.0
Tax Lot158
Tax Year2025
Vacation Rental Y/NNo
Water Access Y/NNo
ZoningCMX2
Exterior for 990 W Tabor Road
Land Use CodeSC
Lot Dimensions126.00 x 237.00
Lot Size Acres0.49
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History