$1,015,000 $5,449 est/mo Sourced by Back At You

8450 Pine Rd,Philadelphia, PA 19111

Philadelphia PA, 19111

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Description

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.

Details

MLS#PAPH2300998
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site176
Listing Provided ByBrickmatics | Jay Kamin

Features

ZoningRSD1
Acreage3.38

Market Activity 19111

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Learn More About This Property

StatePA
CountyPhiladelphia
CityPhiladelphia
Zip Code19111
Area19111
School DistrictThe School District Of Philadelp
Listing VS Median (in 19111)
Price:
$1,015,000
low | high
Med:
$315,000
100% of Average
On Site:
176
low | high
Med:
9
100% of Average
Sourced by Back At You
Listing Updated: May 18, 2024 at 2:00:37 PM PDT