122 E CUMBERLAND ST Under Contract

Philadelphia,PA 19125

$ 219900

- Bed

- Bath

- SqFt


Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Under Contract

Purchase Type For Sale

Subdivision East Kensington

MLS Listing ID PAPH2386588

Annual Tax Amount $1,287

Tax Year 2024

Lot Size 1,667 Sqft

Property Description

ALL OFFERS WILL BE CONSIDERED!
This 1,667 SF corner lot is a developer's dream. Located along one of Philadelphia's hottest neighborhoods, it offers exceptional potential for a multi-family project. With By-Right zoning for 4 units and over 5,000 SF of RM1 development, this property is ideal for investors seeking maximum return.

Enjoy unparalleled connectivity with multiple SEPTA bus lines and two Market-Frankford Line stops within a short walk. The thriving East Kensington scene, featuring new restaurants, bars, and shops, complements this opportunity. As a qualified federal opportunity zone, this property offers substantial tax incentives.

-1,667 SF corner lot (18'x93')
-By-Right zoning for 4+ units
-Over 5,000 SF RM1 multi-family potential
-Excellent public transportation
-Qualified federal opportunity zone

Location

State PA

County Philadelphia

Area 19125 (19125)

Zoning RM1

Exterior

Water Access N

Building

Sewer Public Sewer

Water Public

Schools

School District The School District Of Philadelphia

Others

Acceptable Financing Cash,Negotiable

Listing Terms Cash,Negotiable

Special Listing Condition Standard

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