Check Availability
$400,000
↓ $15K (3.6%)
Land - For Sale

2365-71 ORTHODOX ST

PHILADELPHIA, PA 19137
bedrooms
Studio
bathrooms
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
Christopher Somers
Christopher Somers
Keller Williams Philadelphia
Eric Fargnoli
Keller Williams Philadelphia
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

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
3 Beds
3 Baths
2,068 ft²
$206/ft²
$425,000 Jun 30, 2023
$425,000 Nov 21, 2023
-
Townhouse
3 Beds
3 Baths
1,959 ft²
$204/ft²
$400,000 Jun 30, 2023
$400,000 Nov 21, 2023
-
Townhouse
3 Beds
3 Baths
2,033 ft²
$221/ft²
$450,000 Jun 30, 2023
$450,000 Nov 21, 2023
-
Townhouse
3 Beds
3 Baths
1,945 ft²
$206/ft²
$400,000 Jun 30, 2023
$400,000 Nov 21, 2023
-
Townhouse
3 Beds
4 Baths
2,000 ft²
$173/ft²
$345,000 Feb 13, 2019
$345,000 Dec 9, 2019
-
House
3 Beds
2 Baths
1,344 ft²
$260/ft²
$350,000 Jul 21, 2023
$350,000 Aug 31, 2023
-
Land
Loft
-
-
$449,000 Oct 12, 2023
-
-
Land
Loft
-
-
$350,000 Aug 7, 2023
-
-
Commercial
Loft
-
-
$379,900 Nov 10, 2023
-
-
Commercial
Loft
-
-
$339,900 Mar 12, 2024
-
-
House
Stu
1 Bath
4,336 ft²
$88/ft²
$379,900 Nov 28, 2023
-
-
In Contract
Multifamily
Stu
-
-
$349,900 Oct 20, 2023
-
-

About Northeast Philadelphia


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Frequently Asked Questions

When was property at 2365 Orthodox Street built and last sold?
The property at 2365 Orthodox Street was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2365 Orthodox Street is $419,150.
What are some comparable homes to 2365 Orthodox Street?
Homes that are comparable to 2365 Orthodox Street include a land property at 4329 East Thompson Street, a commercial property at 4625 Ditman Street, a house property at 1926 John Street.

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