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Map
$400,000
↓ $15K (3.6%)
●
Land -
For Sale
2365-71 ORTHODOX ST
PHILADELPHIA, PA 19137
Studio
0 Bath
$1,965
Estimated Monthly
$0
HOA / Fees
About This Property
DEVELOPMENT OPPORTUNITY with ZONING PERMIT APPROVED for 18
residential units plus commercial ground floor new construction
building in Bridesburg. You can also build 4 Quadplex buildings by
right. This is an 8,000 SF corner lot zoned CMX2 that includes
zoning plans and permits, PWD green roof/ERSA approval, lot
consolidation, Geotech report, Phase 1 environmental report, lab
tested soil samples, and floorplans. The building is designed as a
by-right project for 18 residential units and ground floor
commercial. The ground floor commercial space can accommodate
multiple commercial spaces or can be used as parking with an
existing curb cut on Orthodox Street or an additional 6 residential
units if you choose to file for a zoning variance during
construction totaling 24 residential units. A new construction 4
unit residential building and a renovated 4 unit residential
building are located directly across the street. On a bus route,
one block from Aramingo Ave, and 3 blocks from the I-95 on ramp
this is a very convenient location in an area that is increasing in
value. Each unit is designed with a private balcony/deck as well as
elevator with access to the common green roof deck. The ground
level has a nice lobby with mailroom, bike room, and the basement
is a blank canvas if you want to add additional residential units
or use for storage or separate commercial rental options. The 2nd
through 4th floors consist of the 18 comfortably sized residential
units (12 – 2bd/2ba units & 6 – 1bd/1ba units). With prices soaring
in Port Richmond, this is the next area to take off with new
residential development. Get in now to take advantage of the 10
year tax abatement. All of the heavy lifting has been completed so
just finalize the construction drawings and hit the ground running.
Unit Size
-
Days on Market
42 days
Land Size
0.18 acres
Price per sqft
-
Property Type
Land
Property Taxes
$134
HOA Dues
-
Year Built
-
Listed By
Last updated: 2 months ago (Bright MLS #PAPH2332180)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 28, 2024 | Price Decreased |
$400,000
↓ $15K
(3.6%)
|
|
Price Decreased | |||
Mar 19, 2024 | Listed by KW Empower | $415,000 | |
Listed by KW Empower | |||
Dec 10, 2023 | No longer available | - | |
No longer available | |||
Oct 30, 2023 | Price Decreased |
$475,000
↓ $25K
(5%)
|
|
Price Decreased | |||
May 11, 2023 | Price Decreased |
$499,900
↓ $25K
(4.8%)
|
|
Price Decreased |
Show More
Property Highlights
Exterior Details
Property Information
Ownership Interest: Fee Simple
Lot Information
Tidal Water: N
Lot Size Dimensions: 80 X 100
Lot Size Source: Assessor
Land Information
Land Assessed Value: $115,200
Financial Details
County Tax: $0
County Tax Payment Frequency: Annually
City Town Tax: $727
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $115,200
Tax Year: 2023
Tax Annual Amount: $1,612
Year Assessed: 2023
Utilities Details
Sewer Septic: Public Sewer
Water Source: Public
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
Sold
Townhouse
3
Beds
3
Baths
2,068 ft²
$206/ft²
$425,000
Jun 30, 2023
$425,000
Nov 21, 2023
-
Sold
Townhouse
3
Beds
3
Baths
1,959 ft²
$204/ft²
$400,000
Jun 30, 2023
$400,000
Nov 21, 2023
-
Sold
Townhouse
3
Beds
3
Baths
2,033 ft²
$221/ft²
$450,000
Jun 30, 2023
$450,000
Nov 21, 2023
-
Sold
Townhouse
3
Beds
3
Baths
1,945 ft²
$206/ft²
$400,000
Jun 30, 2023
$400,000
Nov 21, 2023
-
Sold
Townhouse
3
Beds
4
Baths
2,000 ft²
$173/ft²
$345,000
Feb 13, 2019
$345,000
Dec 9, 2019
-
Sold
House
3
Beds
2
Baths
1,344 ft²
$260/ft²
$350,000
Jul 21, 2023
$350,000
Aug 31, 2023
-
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