Commercial - PHILADELPHIA, PA
Description
Qualified Opportunity Zone (QOZ) shovel-ready multifamily development site FOR SALE in University City, Philadelphia. Located in the fastest growing sector of Philly, this prime corner parcel is fully entitled to construct 15 apartments atop ground floor commercial space on the bustling Lancaster Avenue commercial corridor on the Drexel side of Ucity. Millions of SF and billions of dollars in new development underway in the district including Schuylkill Yards, Science Center, University Place 3.0. This is one of the most concentrated innovation districts in the United States with national leading employment centers and higher learning institutions. All plans and permits include with sale. Site demolition will be finished by February 2021 at latest. 10 year tax abatement included; this will be one of the last developments to secure the full 10 year abatement in Philly before the program is decreased. Enquire within for pro forma financials, plans, permits (PPP) + MAKE YOUR MOVE!
Basic info
- Property Type Other
- Land Size 4,356.00 sq ft (approx)
- Year Built 2021
- Rooms
- Architecture Style Other
- Provider Compass
- County PHILADELPHIA
- Subdivision University City
- Neighbourhoods PHILADELPHIA
- Address 4202 LANCASTER AVENUE, PHILADELPHIA, PA 19104
Interior features
Exterior features
- Exterior Types Masonry
Nearby Schools
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