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    5521 Wayne Avenue

    PHILADELPHIA, PA 19144
    • $750,000
    • STATUS: Active
    • ON SITE: 29 days
    • ID#: PAPH984112
    UPDATED: 44 min ago
    $750,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1930
    County:

    School Ratings & Info

    Description

    Attention all developers and investors! Don't miss this opportunity to stake a claim to one of the hottest neighborhoods in Philadelphia before it's too late to buy in! This 9,000+ square foot lot CMX 2.5 property is able to build by right up to between 20 to 24 apartment units based on lot size. Based on comparable rents in the area potential rents for the units range from 1,000-1,400/month for 1 bedroom units and $1,400 to $1,600/month for 2 bedroom units. Additional units may be possible by utilizing the by utilizing the Mixed-Income Housing Zoning Bonus which would allow increased density and height for the project. Most of the interior demolition has already been completed, making clearing the lot of the shell much easier. This potential project is situated near the commercial center of the Germantown area with ample shopping, parks (Wissahickon Valley Park is less than 5 minutes away) and transportation opportunities (Bus and Rail), easy access to both I-76 for downtown and Roosevelt Blvd for points to the north and for prospective tenants to enjoy. This neighborhood is undergoing rapid improvements including recent major renovations along Maplewood Mall & Germantown Ave and Wayne Junction. Don't miss out on this chance to make this part of Germantown's fulfillment of it true potential yours.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Sail Lake Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-03-07T18:50:25.48.
    www.saillakerealty.com/homes/113963066
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    5521 Wayne Avenue PHILADELPHIA, PA 19144

    • Price: $750,000
    • Status: Active
    • Updated: 44 min ago
    • ID#: PAPH984112
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    1930
    Built
    Neighborhood:
    19144 (19144)
    County:
    Philadelphia
    Area:
    19144 (19144)
    School District:
    The School District Of Philadelphia
    Property Description
    Attention all developers and investors! Don't miss this opportunity to stake a claim to one of the hottest neighborhoods in Philadelphia before it's too late to buy in! This 9,000+ square foot lot CMX 2.5 property is able to build by right up to between 20 to 24 apartment units based on lot size. Based on comparable rents in the area potential rents for the units range from 1,000-1,400/month for 1 bedroom units and $1,400 to $1,600/month for 2 bedroom units. Additional units may be possible by utilizing the by utilizing the Mixed-Income Housing Zoning Bonus which would allow increased density and height for the project. Most of the interior demolition has already been completed, making clearing the lot of the shell much easier. This potential project is situated near the commercial center of the Germantown area with ample shopping, parks (Wissahickon Valley Park is less than 5 minutes away) and transportation opportunities (Bus and Rail), easy access to both I-76 for downtown and Roosevelt Blvd for points to the north and for prospective tenants to enjoy. This neighborhood is undergoing rapid improvements including recent major renovations along Maplewood Mall & Germantown Ave and Wayne Junction. Don't miss out on this chance to make this part of Germantown's fulfillment of it true potential yours.
    Exterior Features

    Construction Materials Masonry Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 8100.00 Cooling None Heating None Net Square Feet 9123.00

    Property Features

    Accessibility Features None Assessment Year 2020 Association YN No Business Type Apartment Building Central Air YN No Cooling Fuel None Heating Fuel None Historic YN No Hot Water None Incorporated City Name Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304464890926 Ownership Interest Fee Simple Possession Immediate Property Sub Type Land For Commercial Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 900.00 Tax Assessment Amount 64300.00 Tax Lot 75 Vacation Rental YN No Water Source Public Zoning Cmx2.5

    Listing courtesy of Weichert Realtors Mccarthy Assoc-Northwest Phila.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Sail Lake Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-03-07T18:50:25.48.
     
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