16
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$900,000
Est. payment /mo
3,900 Sqft Lot
Price Dropped by $50K
3528-36 MOUNT VERNON ST Philadelphia, PA 19104
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UPDATED:
11/07/2024 01:59 PM
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision University City
MLS Listing ID PAPH2384640
HOA Y/N N
Originating Board BRIGHT
Tax Year 2024
Lot Size 3,900 Sqft
Acres 0.09
Lot Dimensions 105.00 X 65.00
Property Description
INTRODUCING 3528 MOUNT VERNON - A prime QOZ (Opportunity Zone) multifamily development opportunity in the University City submarket of Philadelphia, Pennsylvania. With 18 units (46 beds) in a proposed 19,500 SF structure, this asset will command the city’s most robust rental demand for generations to come. Surrounded by the “Eds and Meds” economic engine that powers Philly, there are billions of dollars in active stage developments nearby — including Science Center, Schuylkill Yards, Amtrak’s 30th Street Station master plan, and campus expansion efforts from leading universities Penn and Drexel. The property can be positioned for student housing for the universities but it can equally accommodate young professionals, academics, post-graduates, etc. Penn Presbyterian, HUP and CHOP are several of the world-class healthcare systems operating nearby. 10-year tax abatement eligible — pay taxes on the assessed land value for 10 years, rather than the assessed value of the future improved structure. Buyer responsible to verify taxes and entitlements in DD. Lot dimensions are approximate. Renderings for illustrative purposes.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RSA5
Exterior
Water Access N
View City
Garage N
Building
Lot Description Corner, Irregular
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax ID 774268000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by Ryan J McManus • Keller Williams Liberty Place
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