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Philadelphia, PA 19104,700-02 N 40TH ST
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Philadelphia, PA 19104,700-02 N 40TH ST
Philadelphia, PA 19104,700-02 N 40TH ST
Philadelphia, PA 19104,700-02 N 40TH ST
Philadelphia, PA 19104,700-02 N 40TH ST
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Stephanie Somers

Stephanie Somers

+1(215) 694-3707
$ 600,000
Est. payment /mo
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Active

700-02 N 40TH ST Philadelphia, PA 19104

5,490 SqFt

UPDATED:

11/20/2024 07:51 PM

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

Originating Board BRIGHT

Year Built 1935

Annual Tax Amount $4,523

Tax Year 2024

Lot Size 6,331 Sqft

Acres 0.15

Lot Dimensions 55X115

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.

Heat Source Natural Gas

Exterior

Garage Spaces 1.0

Waterfront N

Water Access N

View Street

Roof Type Flat

Accessibility None

Total Parking Spaces 1

Garage N

Building

Lot Description Corner

Foundation Other

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 061167100

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Negotiable, Private

Listing Terms Cash, Negotiable, Private

Financing Cash,Negotiable,Private

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Eric D Feinberg • Keller Williams Realty Group

Stephanie Somers

Co-Owner of The Somers Team | KELWLMCCRS294051

+1(215) 694-3707

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