1 /
27
Map
$1,050,000
↓ $50K (4.5%)
●
Land -
For Sale
8450 PINE RD
PHILADELPHIA, PA 19111
Studio
0 Bath
$5,156
Estimated Monthly
About This Property
For Sale: Prime 3+ Acre Property with RSD-1 Zoning
Please note : No Zoning information herein should be taken as fact, and any potential buyer is encouraged to seek counsel from a qualified zoning attorney as to the legal permissibility of any and all construction activities on or to the subject improvements and lot.
This expansive property offers an exceptional opportunity for developers or investors seeking a lucrative venture. Boasting RSD-1 Zoning, the parcel permits the construction of 10 single-family detached homes with street frontage without the need for variances, though the buyer should seek counsel from a qualified zoning attorney confirm the legal permissibility any development activity. Per the seller's interpretation of the code (see attached document from licensed architect) the land is ready for immediate subdivision and development, allowing builders to commence construction without hurdles.
Additionally, the property features a currently rented single-family home with detached 3 car garage as well as a separate workshop generating $2500/month on a month to month lease. This existing structure can either continue generating income for the new owner or can be delivered vacant.
Ideal for those looking to capitalize on residential development in a sought-after area, this property presents a blend of immediate income potential and significant future development possibilities.
Please note : No Zoning information herein should be taken as fact, and any potential buyer is encouraged to seek counsel from a qualified zoning attorney as to the legal permissibility of any and all construction activities on or to the subject improvements and lot.
This expansive property offers an exceptional opportunity for developers or investors seeking a lucrative venture. Boasting RSD-1 Zoning, the parcel permits the construction of 10 single-family detached homes with street frontage without the need for variances, though the buyer should seek counsel from a qualified zoning attorney confirm the legal permissibility any development activity. Per the seller's interpretation of the code (see attached document from licensed architect) the land is ready for immediate subdivision and development, allowing builders to commence construction without hurdles.
Additionally, the property features a currently rented single-family home with detached 3 car garage as well as a separate workshop generating $2500/month on a month to month lease. This existing structure can either continue generating income for the new owner or can be delivered vacant.
Ideal for those looking to capitalize on residential development in a sought-after area, this property presents a blend of immediate income potential and significant future development possibilities.
Unit Size
-
Days on Market
120 days
Land Size
3.38 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1959
Listed By
Last updated: 2 months ago (Bright MLS #PAPH2300998)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 26, 2024 | Price Decreased |
$1,050,000
↓ $50K
(4.6%)
|
|
Price Decreased | |||
Jan 23, 2024 | Price Decreased |
$1,100,000
↓ $100K
(8.3%)
|
|
Price Decreased | |||
Nov 29, 2023 | Listed by Brickmatics | $1,200,000 | |
Listed by Brickmatics | |||
Jan 28, 2022 | No longer available | - | |
No longer available | |||
Dec 1, 2021 | Relisted | - | |
Relisted |
Show More
Property Highlights
Exterior Details
Property Information
Ownership Interest: Fee Simple
Lot Information
Tidal Water: N
Lot Size Dimensions: 509.00 x 328.00
Lot Size Source: Assessor
Land Information
Land Assessed Value: $500,200
Financial Details
County Tax: $0
County Tax Payment Frequency: Annually
City Town Tax: $3,159
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $500,200
Tax Year: 2022
Tax Annual Amount: $7,001
Year Assessed: 2023
Utilities Details
Sewer Septic: On Site Septic
Water Source: Well
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
House
4
Beds
4
Baths
4,163 ft²
$249/ft²
$1,035,000
Nov 10, 2019
$1,035,000
Jun 5, 2020
-
Sold
House
5
Beds
6
Baths
7,878 ft²
$121/ft²
$950,000
Oct 14, 2021
$950,000
Nov 23, 2021
-
About Northeast Philadelphia
Similar Homes for Sale
Nearby Rentals
$2,750 /mo
- 1 Bed
- 1 Bath
- 800 ft²
$2,500 /mo
- 3 Beds
- 1 Bath
- 1,630 ft²