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1252-54 N 52ND Street

PHILADELPHIA, PA 19131
  • $399,999
  • STATUS: Active
  • ON SITE: 55 Days
  • ID#: PAPH2198576
UPDATED: 180 min ago
$399,999
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

New Development Opportunity! 1252-54 N 52nd St, a new construction, mixed use (6 residential units over 1 commercial unit) fully shovel ready, development opportunity is now available in the quickly revitalizing Mill Creek Neighborhood of Philadelphia, Pennsylvania. This future 9.6K+ SF development features 6 units over almost 2K SF of commercial space. The new development will be perfectly designed for professionals, students and long term residents and allow for a new or existing business to grow on the fast revitalizing 52nd St corridor. Secure the coveted partial 10 year tax abatement as well as the Qualified Opportunity Zone Tax Benefit when you buy and build. The QOZ tax incentive allows for (10 year tax deferral on the respective capital gains. A 15% tax reduction on those capital gains when they are taxed in the 10th year. Tax free growth on the opportunity investment as long as the investment is held for 10 years.) The opportunity allows for strong rental demand, asset appreciation and growth forecast for years to come in West Philly. Be a part of the transformational work the The Enterprise Center is doing along N 52nd St as part of their Mainstreet Revitalization Plan. In addition, the site is walkable to stunning Fairmount Park and the Philadelphia Zoo, a short drive to restaurants and bars on 52nd St, 48th St and Baltimore Ave. This submarket is exploding with new rehabs fueled by the healthcare, business and education sectors as revitalization efforts head north from Market Ave and East from UCity. There are new construction comps available. Inquire within for Building financials, Pro forma financials and a full list of Permits and Entitlements. Buy and build today!

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lisa Mathena Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-03-26T23:49:20.173.
www.lisasellsdelaware.com/homes/136556648
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1252-54 N 52ND Street PHILADELPHIA, PA 19131

  • Price: $399,999
  • Status: Active
  • On Site: 55 Days
  • Updated: 180 min ago
  • ID#: PAPH2198576
0
Beds
0
Baths
0
½ Baths
0.04
Acres
Neighborhood:
19131 (19131)
County:
Philadelphia
Area:
19131 (19131)
School District:
The School District Of Philadelphia
Property Description
New Development Opportunity! 1252-54 N 52nd St, a new construction, mixed use (6 residential units over 1 commercial unit) fully shovel ready, development opportunity is now available in the quickly revitalizing Mill Creek Neighborhood of Philadelphia, Pennsylvania. This future 9.6K+ SF development features 6 units over almost 2K SF of commercial space. The new development will be perfectly designed for professionals, students and long term residents and allow for a new or existing business to grow on the fast revitalizing 52nd St corridor. Secure the coveted partial 10 year tax abatement as well as the Qualified Opportunity Zone Tax Benefit when you buy and build. The QOZ tax incentive allows for (10 year tax deferral on the respective capital gains. A 15% tax reduction on those capital gains when they are taxed in the 10th year. Tax free growth on the opportunity investment as long as the investment is held for 10 years.) The opportunity allows for strong rental demand, asset appreciation and growth forecast for years to come in West Philly. Be a part of the transformational work the The Enterprise Center is doing along N 52nd St as part of their Mainstreet Revitalization Plan. In addition, the site is walkable to stunning Fairmount Park and the Philadelphia Zoo, a short drive to restaurants and bars on 52nd St, 48th St and Baltimore Ave. This submarket is exploding with new rehabs fueled by the healthcare, business and education sectors as revitalization efforts head north from Market Ave and East from UCity. There are new construction comps available. Inquire within for Building financials, Pro forma financials and a full list of Permits and Entitlements. Buy and build today!
Exterior Features

Garage YN No Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Property Features

Acceptable Financing ConventionalCashExchange Assessment Year 2023 Association YN No Central Air YN No Construction Completed YN No Current Use Vacant Municipality Philadelphia Navigable Water YN N Original MLSNumber 802129184680 Ownership Interest Fee Simple Possession Immediate Property Sub Type Land Sale Type Standard Sewer Public Sewer Tax Annual Amount 331.00 Tax Assessment Amount 23700.00 Tax Lot 224 Vacation Rental YN No Water Source Public Zoning Cmx2

Listing courtesy of Homesmart Realty Advisors: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lisa Mathena Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-03-26T23:49:20.173.
 
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