$ 1,325,000 $ 1,100,000 20.5%

271 DELMAR ST

Philadelphia, PA 19128

  • 0.41 Lot Size
  • 1930 Year Built
Attention all investors and developers! This is an incredible opportunity to own a prime piece of real estate sitting on over 18,000 square feet of land in Roxborough with full entitlements approved and plans in place to build 8 brand-new townhomes. Each townhome will be an impressive 2660 square feet, featuring 4 bedrooms, 3 bathrooms, front yards, a private drive isle in the rear to access garage parking, and rooftop decks, making them highly desirable to potential buyers. The best part? These stunning homes will be worth $725-750,000 each, bringing in a total of $5.8-6.0 million once they are built based on recent sales in the area. And that's not all - the rear 10,000 square feet lot can be sold as a package deal, offering even more potential for profit. With an easement in place to use the drive aisle from 271 Delmar to access the land, you have the opportunity to build 6-7 additional homes with a variance or even one large single-family home. Located in the highly sought-after Roxborough neighborhood of Philadelphia, this property offers an amazing location that can't be beaten. Known for its charming tree-lined streets, bustling local business district on Main Street and Ridge Ave, and close proximity to downtown Philly, Roxborough is one of the most desirable neighborhoods in the city. With easy access to major highways and Regional Rail just a few blocks down the street, you'll have everything you need right at your fingertips. And with an abundance of parks, hiking trails, and outdoor activities nearby, you'll always have things to do. Don't miss out on this incredible opportunity to build your portfolio and maximize your returns. PLEASE CONTACT LISTING AGENT FOR APPROVED PLANS AND PROFORMA!
Listed by Ryan Stawasz of Keller Williams Philly , Sold By Michael Scipione of Coldwell Banker Realty

PROPERTY DETAIL

  • Key Details

    Sold Price $1,325,00020.5%

    Property Type Commercial

    Sub Type Other

    Listing Status Sold

    Purchase Type For Sale

    Subdivision Roxborough

    MLS Listing ID PAPH2220136

    Sold Date 06/23/23

    Year Built 1930

    Annual Tax Amount $5,030

    Tax Year 2023

    Lot Size 0.413 Acres

    Acres 0.41

    Lot Dimensions 146 by 112

    Property Sub-Type Other

    Source BRIGHT

  • Location

    State PA

    County Philadelphia

    Area 19128 (19128)

    Zoning RSA5

  • Building

    Sewer Public Sewer

    Water Public

    New Construction N

  • Interior

    Hot Water Natural Gas

    Heating Hot Water, Forced Air

    Cooling Central A/C

    Heat Source Natural Gas

  • Exterior

    Garage Spaces 8.0

    Water Access N

    Accessibility None

    Total Parking Spaces 8

    Garage N

  • Schools

    School District The School District Of Philadelphia

  • Others

    Tax ID 212296710

    Ownership Fee Simple

    Special Listing Condition Standard

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