Listed By:
KW Empower
Address
4507 Locust Street, Philadelphia, PA
Price
$ 395,000
Property Attributes
  • MLS#PAPH2287478
  • TypeContingent
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19139
  • NeighborhoodUniversity City
  • Zip19139
  • StyleApartment Building
  • Year Built2023
  • Taxes$ 1048
  • Price$ 395,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.06 Acres
Data Source:
Bright MLS
Property Description

Tremendous investment opportunity in University City. Extra large vacant lot zoned CMX-2 and measuring 22 x 113. Rarely available parcel on a prime, tree-lined block filled with 3-story, porch-front, Victorian homes. CMX-2 will permit ground floor commercial space plus 5 dwelling units. Strategically positioned between Spruce Hill & Walnut Hill with tons of commercial space on nearby 45th St. and Walnut St. Short walk to Market/Frankford El and of course take advantage of everything University City has to offer with regional anchors UPenn and Drexel University. Purchase with separately available parcel at 222-224 S. 45th St. and create one mega development. Incredible opportunity, will not last! Buyer responsibility to confirm all zoning/use options.

Price History
10/12/2023 Listed $575,000
11/30/2023 14% - $495,000
1/12/2024 8% - $460,000
3/5/2024 8% - $425,000
4/5/2024 8% - $395,000

General Features

Sewer Public Sewer
Heating None
Cooling None
Possession Negotiable
Zoning CMX2
Construction Materials Other
Year Built 2023
Property SubType Mixed Use
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel None
Business Type Apartment Building
Accessibility None
County PHILADELPHIA
New Construction No
Property Type Commercial Sale
Subdivision Name UNIVERSITY CITY
Water Access Y/N No
Status ACTIVE UNDER CONTRACT
Directions 45th & Locust
ModificationTimestamp 2024-05-07T11:58:10
City PHILADELPHIA
Buyer Agent Compensation 2.75
MLS Area 19139 (19139)
Lot Size Square Feet 2495.00
Tax Assessed Value 74900.0
Waterfront Y/N No
Street Name LOCUST
Tax Annual Amount 1048.0
Vacation Rental Y/N No
Days on Market 209
Standard Status Active Under Contract
Year Built Source Estimated
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel None
Hot Water None
Street Suffix STREET
Central Air Y/N No

Exterior Features

Water Source Public
Type of Parking None
Land Use Code SC
Water View Y/N No
Building Area Total 0.00
Lot Dimensions 22.00 x 113.00
Lot Size Acres 0.06
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 74900.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 19139

Price
AVG $240K
$400K
Taxes
AVG $1,971
$1,048
Visits
AVG 219
385
Data Provided by Inside Real Estate®
Year Built
AVG 1940
2023

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