$2,950,000

1801 W Courtland St

PHILADELPHIA PA, 19140

Description

LAND DEVELOPMENT OPPORTUNITY -- This is a compelling resource spotlighting an opportunity to develop a complete city block of nearly 3.4 acres of clean vacant land overlooking the picturesque historic landmark, Stenton Park. This prized parcel is within a brief walk to the Wayne Junction Train Station at Germantown Avenue in Nicetown, and it enjoys strong 15,000+ AADT nearby traffic counts. The Nicetown-Germantown community is poised for residential growth and cultivates an increasingly vibrant commercial corridor on nearby Germantown Avenue. || This is one of the few remaining large lots to develop in the Germantown vicinity. It is a truncated rectangle of 388'x412'. The parcel can be accessed from all four sides and offers three exposed corners. Sandwiched between the 4600 block of 18th and 19th streets, it offers existing public water and sewer lines on two sides. || The zoning is I2 Industrial which provides for a variety of unique development opportunities with property tax abatement incentives. Furthermore, this property is located within a KIZ 'Keystone Innovation Zone' which provides benefits, incentives, and tax credits to ~for-profit~ companies in life sciences and technology. || Because of its robust size and effective location this parcel lends itself to numerous meaningful development models: A mixed-use commercial focus with an inviting pedestrian plaza and a thoughtful balance of multi-family and single-family housing. Perhaps a Senior Housing facility can be incorporated. This parcel can also serve nicely as a site for an expansive single-family housing planned urban community. Another obvious development option is as a dedicated retail shopping mall or a central emporium that offers vital retail and consumer services to the greater Germantown-Nicetown community. || Finally, this expansive parcel has medium density zoning which can support an industrial or office park by-right, or a commissary, storage, a modern warehouse or fulfillment facility that can serve as a strategic hub connecting the Germantown, Roosevelt Boulevard, and Broad Street areas to support a variety of commercial business services. || This location enjoys excellent Septa bus connections to Center City, Chestnut Hill and Broad Street, and a rail connection from nearby Wayne Junction to the Center City Fashion District at 10th and Market. The Friends School, Central High, and Lasalle University are nearby. || Indeed, this large clean vacant land parcel represents a suburb canvas for your imagination and unfolding business model.

Details

MLS#PAPH917544
Listing TypeFor Sale
Sub-TypeResale
Status10000069142
Days On Site124

Features

ZoningI2
Acreage3.39
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Area Information
StatePA
CountyPHILADELPHIA-PA
CityPHILADELPHIA
Zip Code19140
Area19144 (19144)
Listing VS Median (in 19140)
Price:
$2,950,000
low | high
Med:
$92,500
100% of Average
On Site:
124
low | high
Med:
55
100% of Average
Listing Updated: November 23, 2020 8:35:06 PM PST
Charles Balducci LogoMLS Number: PAPH917544
Listing Provided By:
Charles Balducci  of  Keller Williams Philadelphia
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