Homes for sale - 990 W TABOR RD, Philadelphia, PA 19141

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Kelly J Vaughn

soldwithkelly@kellyjv.com +1(240) 355-9529

Listed by Moshe Adika • TCS Management, LLC

$ 625,000

Est. payment | -/mo

0.49 Acres Lot

Save

$ 625,000

Est. payment | -/mo

Save

0.49 Acres Lot

Key Details

Property Type Commercial

Sub Type Land for Commercial Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2550218

Year Built 2024

Annual Tax Amount $4,206

Tax Year 2025

Lot Size 0.493 Acres

Acres 0.49

Lot Dimensions 126.00 x 237.00

Property Sub-Type Land for Commercial Use

Source BRIGHT

Property Description

Excellent investment opportunity awaits at 990 W Tabor St, where 77 proposed units can be built without the need for a zoning variance. This prime 16,940 square foot commercial lot, adjacent to Einstein Hospital, offers a "By-Right" development opportunity, ensuring a streamlined process for potential developers. Benefit from a 10-year Tax Abatement and capitalize on the property's location within a Federal Opportunity Zone, unlocking potential tax incentives for savvy investors. Positioned amidst a robust medical employment hub, with institutions like Einstein Medical Center, Temple University Hospital, and Shriner's Hospital for Children nearby, this location promises steady demand from medical professionals and staff. Convenient access to public transportation further enhances the property's appeal, with SEPTA's Fern Rock Transportation Center just a short walk away. This strategic location ensures easy commuting for future residents, with a mere 20-minute ride to Center City Philadelphia. Seize the opportunity to develop 77 apartment units on this vacant land, strategically located in the Olney Section of Philadelphia. With CMX-2 zoning in place, new ownership can move forward confidently in creating a thriving residential community near major employment centers. Don't miss out on this exceptional chance to invest in the growth potential of the Tabor Road Multi-Family Development Site.

Location

State PA

County Philadelphia

Area 19141 (19141)

Zoning CMX2

Interior

Hot Water None

Heating None

Cooling None

Heat Source None

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 885376340

Ownership Fee Simple

Special Listing Condition Standard

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(240) 355-9529

soldwithkelly@kellyjv.com

6710 Oxon Hill Rd, Oxon Hill, MD, 20745, USA

990 W TABOR RD Philadelphia, PA 19141