700-02 N 40TH ST new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19104
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,490 sqft
Price per Sqft $109
MLS Listing ID PAPH2415326
Year Built 1935
Annual Tax Amount $4,523
Tax Year 2024
Lot Size 6,331 Sqft
Property Description
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!
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM-1
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling None
Inclusions To be determined.
Exterior
Garage Spaces 1.0
Waterfront N
Water Access N
View Street
Roof Type Flat
Building
Lot Description Corner
Foundation Other
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing Cash,Negotiable,Private
Listing Terms Cash,Negotiable,Private
Special Listing Condition Standard