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Map
$570,000
●
Land -
Off Market
2821-27 W SEDGLEY AVE
PHILADELPHIA, PA 19121
Studio
0 Bath
$2,942
Estimated Monthly
About This Property
2821 W. Sedgley Avenue is a shovel-ready ground-up development
project in Philadelphia's Brewerytown neighborhood. Priced at
$19,960 per buildable unit.
The offering consists of approximately 11,043 square feet of fully approved RM-1 zoned land. The project comes complete with plans and permits, allowing new owners to construct a 33,332-square-foot multifamily building with 30 units right away. The development will also feature various amenities, including bicycle storage, a secure mail and package room, controlled entrances, a club lounge common area, a study lounge/co-working space, and a rooftop deck with stunning views of Center City's skyline. Moreover, 2821 W. Sedgley Avenue is offered with a full 10-year Tax Abatement, enabling new owners to defer taxes on the newly built improvements 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, 2821 W. Sedgley Avenue is positioned to be part of a neighborhood undergoing rapid development and an influx of new residents. 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 consists of approximately 11,043 square feet of fully approved RM-1 zoned land. The project comes complete with plans and permits, allowing new owners to construct a 33,332-square-foot multifamily building with 30 units right away. The development will also feature various amenities, including bicycle storage, a secure mail and package room, controlled entrances, a club lounge common area, a study lounge/co-working space, and a rooftop deck with stunning views of Center City's skyline. Moreover, 2821 W. Sedgley Avenue is offered with a full 10-year Tax Abatement, enabling new owners to defer taxes on the newly built improvements 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, 2821 W. Sedgley Avenue is positioned to be part of a neighborhood undergoing rapid development and an influx of new residents. 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
28 days
Land Size
0.25 acres
Price per sqft
-
Property Type
Land
Property Taxes
$276
HOA Dues
-
Year Built
-
Last updated: 4 months ago (Bright MLS #PAPH2315124)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 20, 2024 | Sold | $570,000 | |
Sold | |||
Feb 13, 2024 | In contract | - | |
In contract | |||
Jan 23, 2024 | Listed by Scope Commercial Real Estate Services, Inc. | $599,000 | |
Listed by Scope Commercial Real Estate Services, Inc. |
Property Highlights
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
Stu
2
Baths
3,820 ft²
$156/ft²
$595,000
Feb 22, 2021
$595,000
Jun 11, 2021
-
Townhouse
3
Beds
3
Baths
2,000 ft²
$283/ft²
$565,000
Aug 3, 2022
$565,000
Nov 28, 2022
-
Townhouse
4
Beds
4
Baths
-
$530,000
Apr 12, 2021
$530,000
Jun 14, 2021
-
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