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Map
$2,739,474*
●
Land -
Off Market
3451 W ALLEGHENY AVENUE
PHILADELPHIA, PA 19132
Studio
0 Bath
$1,800,000 - $2,200,000
Reference Base Price*
36.97%
Since Sep 1, 2020
National-US
Primary Model
About This Property
Fully entitled residential development site located in Paradise
Hills submarket of Philadelphia, Pennsylvania. This 23,500 SF
Qualified Opportunity Zone (QOZ) corner parcel is approved to build
24 townhomes with garage parking, the ultimate urban luxury. Buy
and build! Create a new supply of affordable new construction homes
for a drastically underserved market. Buyer demand for this new
build townhouse with parking product is at an all time high. Home
sales projected in the low 400s, ideal starter homes or move up
homes for millennial/professional demographic. 3 different unit
types designed with modern 3bd x 2.5ba 2100-2400 SF 4storey
floorplans with sky terraces and green roofs. This community was
designed with dramatic curb appeal and spacious interior layouts.
COLLECTIVE: An impressive development team has been assembled: a
renowned architectural firm designed the plans; a reputable general
contractor has been obtained to build; a leading local bank has
provided the term sheet. Detailed construction budget and
development pro forma available upon request, along with Phase 1
environmental and Geotech reports plus comprehensive appraisal
report from top valuation advisory services firm. Zoning permits in
hand; building permits expected Q2 2020. Qualify for the coveted
10yr tax abatement which will no longer be available in 2021.
LOCATION: This boutique new development is located in Philadelphias
blossoming riverside community known as Paradise Hills, just off
iconic Kelly Drive and across from the historic Laurel Hill
Cemetery, bound by Fairmount Park, the nations largest urban park.
Bisected by the thriving Ridge Avenue corridor, which leads into
East Falls and Manayunk, this emerging neighborhood is poised for a
new decade of tasteful growth, starting now with this new
development dubbed Paradise Peak. Hundreds of new rental units and
retail are in planning and under construction in the immediate
area. Quick access to Bala Cynwyd shopping and office district. 5
miles to Amtraks 30th Street Station (downtown Philadelphia). Just
up the hill from Schuylkill River Trail, Phillys top outdoor
amenity, rated the best urban trail in America. Less than 20min
(1M) walk to Septa East Falls Station connecting residents directly
into downtown Philadelphia. Please note legal address has been
changed to 3430 West Westmoreland Street Philadelphia PA 19129.
Marketing and development materials available upon request.
Unit Size
-
Days on Market
-
Land Size
0.54 acres
Price per sqft
-
Property Type
Land
Property Taxes
$3,395
HOA Dues
$6
Year Built
1925
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Aug 17, 2020 | No longer available | - | |
No longer available | |||
May 15, 2020 | Price Increased |
$2,000,000
↑ $1
(0%)
|
|
Price Increased | |||
May 7, 2020 | Relisted | $1,999,999 | |
Relisted | |||
Apr 29, 2020 | In contract | - | |
In contract | |||
Apr 22, 2020 | Listed | $1,999,999 | |
Listed |
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
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
04/22/2020
|
|
Loft
|
-
|
-
|
$1,999,999
Loft
-
|
-
-
|
-
|
-
|
Building Info
3451 West Allegheny Avenue
3451 West Allegheny Avenue, Philadelphia, PA 19132
About North Philadelphia
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