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2215-2229 N Front Street

PHILADELPHIA, PA 19133
  • $2,100,000
  • STATUS: Active
  • ON SITE: 84 Days
  • ID#: PAPH2301102
UPDATED: 32 min ago
$2,100,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

2215-2229 North Front Street is situated n the rapidly-gentrifying East Kensington neighborhood of Philadelphia. The site is approved for approximately 55,842 total square feet of construction, 60 residential units, and 4,876 square feet of commercial space. In addition, the project qualifies for the City of Philadelphia 10-year tax abatement allowing new ownership to pay no taxes on the new improvements in year 1, and then escalates 10% each year for the following 10 years. Further, the site is situated in a Qualified Opportunity Zone. The site is located in East Kensington, one of the most rapidly gentrifying neighborhoods in the Philadelphia MSA. Over the last 10 years, this section of the City has become a major focus of real estate developers adding thousands of high-end apartments. What was once a working-class riverward, has become the premier choice for young professionals. The subject property+GGs location boasts direct access to major roadways including I-95, I-76, and I-476 as well as North Delaware Avenue, Lehigh Avenue and Cecil B. Moore Avenue. In addition, the site is in close proximity to public transportation routes via the York-Dauphin Station on the SEPTA Market-Frankford Line allowing tenants a multitude of transportation options to access employment centers throughout the Philadelphia MSA.

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©2024 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: 2024-02-22T14:55:54.973.
www.lisasellsdelaware.com/homes/145566820
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2215-2229 N Front Street PHILADELPHIA, PA 19133

  • Price: $2,100,000
  • Status: Active
  • On Site: 84 Days
  • Updated: 32 min ago
  • ID#: PAPH2301102
0
Beds
0
Baths
0
½ Baths
0.25
Acres
Neighborhood:
19133 (19133)
County:
Philadelphia
Area:
19133 (19133)
School District:
The School District Of Philadelphia
Property Description
2215-2229 North Front Street is situated n the rapidly-gentrifying East Kensington neighborhood of Philadelphia. The site is approved for approximately 55,842 total square feet of construction, 60 residential units, and 4,876 square feet of commercial space. In addition, the project qualifies for the City of Philadelphia 10-year tax abatement allowing new ownership to pay no taxes on the new improvements in year 1, and then escalates 10% each year for the following 10 years. Further, the site is situated in a Qualified Opportunity Zone. The site is located in East Kensington, one of the most rapidly gentrifying neighborhoods in the Philadelphia MSA. Over the last 10 years, this section of the City has become a major focus of real estate developers adding thousands of high-end apartments. What was once a working-class riverward, has become the premier choice for young professionals. The subject property+GGs location boasts direct access to major roadways including I-95, I-76, and I-476 as well as North Delaware Avenue, Lehigh Avenue and Cecil B. Moore Avenue. In addition, the site is in close proximity to public transportation routes via the York-Dauphin Station on the SEPTA Market-Frankford Line allowing tenants a multitude of transportation options to access employment centers throughout the Philadelphia MSA.
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

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 802754476512 Ownership Interest Fee Simple Possession Settlement Property Sub Type Land Sale Type Standard Sewer Other Tax Annual Amount 368.00 Tax Assessment Amount 26300.00 Vacation Rental YN No Water Source Other Zoning CMX25

Listing courtesy of TCS Management, LLC: .


©2024 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: 2024-02-22T14:55:54.973.
 
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