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Map
$8,900,000
↑ $6.9M (346.1%)
●
Land -
For Sale
2019 N 29TH ST
PHILADELPHIA, PA 19121
Studio
0 Bath
$43,701
Estimated Monthly
About This Property
2019 N 29th Street is a shovel-ready ground-up development project
in Philadelphia's Brewerytown neighborhood. This includes parcels:
881299289 and 881299287. Priced at $19,680 per buildable unit.
The offering features approximately 28,800 square feet of RM-1 zoned land with ready-to-build plans and permits. New owners can begin constructing a 73,388-square-foot multifamily building with 94 units right away. The project includes 28 parking spaces, bike storage, secure mail and package services, maintenance on-site, controlled entrances, elevators, a gym/yoga room, a club lounge, a co-working area, a landscaped
courtyard, and a rooftop deck with Center City skyline views. New owners can also benefit from a 10-year Tax Abatement, deferring taxes on the new construction for the first ten years. The client recently completed 2820 Diamond St, a 33-unit multifamily building demonstrating momentum in the area.
Located in Brewerytown, 2019 N 29th Street is positioned to be part of a neighborhood undergoing an influx of new residents due to rapid development opportunities. It's situated in proximity to local amenities, landmarks, and educational facilities, making it an attractive option for young professionals. Brewerytown is within one mile of the Philadelphia Museum of Art, Temple University, Eastern State Penitentiary, the
Schuylkill River Trail, and Fairmount Park. The location also provides easy access to Center City and the surrounding suburbs via Ridge Avenue, Girard Avenue, I-76, I-676, and Route-1.
The offering features approximately 28,800 square feet of RM-1 zoned land with ready-to-build plans and permits. New owners can begin constructing a 73,388-square-foot multifamily building with 94 units right away. The project includes 28 parking spaces, bike storage, secure mail and package services, maintenance on-site, controlled entrances, elevators, a gym/yoga room, a club lounge, a co-working area, a landscaped
courtyard, and a rooftop deck with Center City skyline views. New owners can also benefit from a 10-year Tax Abatement, deferring taxes on the new construction for the first ten years. The client recently completed 2820 Diamond St, a 33-unit multifamily building demonstrating momentum in the area.
Located in Brewerytown, 2019 N 29th Street is positioned to be part of a neighborhood undergoing an influx of new residents due to rapid development opportunities. It's situated in proximity to local amenities, landmarks, and educational facilities, making it an attractive option for young professionals. Brewerytown is within one mile of the Philadelphia Museum of Art, Temple University, Eastern State Penitentiary, the
Schuylkill River Trail, and Fairmount Park. The location also provides easy access to Center City and the surrounding suburbs via Ridge Avenue, Girard Avenue, I-76, I-676, and Route-1.
Unit Size
-
Days on Market
141 days
Land Size
0.33 acres
Price per sqft
-
Property Type
Land
Property Taxes
$44
HOA Dues
-
Year Built
-
Listed By
Last updated: 20 days ago (Bright MLS #PAPH2314912)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
May 24, 2024 | Price Increased |
$8,900,000
↑ $7M
(346.1%)
|
|
Price Increased | |||
May 14, 2024 | Price Increased |
$1,995,000
↑ $146K
(7.9%)
|
|
Price Increased | |||
Jan 23, 2024 | Listed by Scope Commercial Real Estate Services, Inc. | $1,849,000 | |
Listed by Scope Commercial Real Estate Services, Inc. |
Property Highlights
Exterior Details
Property Information
Ownership Interest: Fee Simple
Lot Information
Tidal Water: N
Lot Size Dimensions: 0.00 x 0.00
Lot Size Source: Assessor
Land Information
Land Assessed Value: $37,800
Financial Details
City Town Tax: $238
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $37,800
Tax Year: 2023
Tax Annual Amount: $529
Year Assessed: 2023
Utilities Details
Sewer Septic: Public Sewer
Water Source: Public
Building Info
Overview
Building
Neighborhood
Zoning
Geography
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Townhouse
5
Beds
5
Baths
7,923 ft²
$201/ft²
$1,590,000
Oct 30, 2018
$1,590,000
Apr 22, 2019
-
Townhouse
5
Beds
6
Baths
3,600 ft²
$507/ft²
$1,825,000
Mar 7, 2023
$1,825,000
Jul 26, 2023
-
Sold
Townhouse
5
Beds
5
Baths
3,333 ft²
$528/ft²
$1,760,000
Apr 9, 2022
$1,760,000
May 9, 2022
-
Townhouse
3
Beds
3
Baths
4,080 ft²
$392/ft²
$1,600,000
Apr 29, 2023
$1,600,000
Jul 13, 2023
-
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