$1,000,000

990 W Tabor Rd, Philadelphia, PA, 19141

21,464

Square feet

0.49

Acres

Excellent investment opportunity awaits at 990 W Tabor St, where 77 proposed units can be built without the need for a zoning variance. This prime 16,940 square foot commercial lot, adjacent to Einstein Hospital, offers a "By-Right" development opportunity, ensuring a streamlined process for potential developers. Benefit from a 10-year Tax Abatement and capitalize on the property's location within a Federal Opportunity Zone, unlocking potential tax incentives for savvy investors. Positioned amidst a robust medical employment hub, with institutions like Einstein Medical Center, Temple University Hospital, and Shriner’s Hospital for Children nearby, this location promises steady demand from medical professionals and staff. Convenient access to public transportation further enhances the property's appeal, with SEPTA’s Fern Rock Transportation Center just a short walk away. This strategic location ensures easy commuting for future residents, with a mere 20-minute ride to Center City Philadelphia. Seize the opportunity to develop 77 apartment units on this vacant land, strategically located in the Olney Section of Philadelphia. With CMX-2 zoning in place, new ownership can move forward confidently in creating a thriving residential community near major employment centers. Don't miss out on this exceptional chance to invest in the growth potential of the Tabor Road Multi-Family Development Site.

Facts & Features

MLS® # PAPH2336642
Price $1,000,000
Bathrooms 0.00
Square Footage 21,464
Acres 0.49
Year Built 2024
Type Commercial Sale
Sub-Type Land for Commercial Use
Status Active

Community Information

Address 990 W Tabor Rd
Area 19141
City Philadelphia
County PHILADELPHIA-PA
State PA
Municipality PHILADELPHIA
Zip Code 19141
Senior Community No

Amenities

Is Waterfront No

Interior

Heating None
Cooling None
Has Basement No
Fireplace No

School Information

District THE SCHOOL DISTRICT OF PHILADELPHIA

Additional Information

Date Listed March 28th, 2024
Days on Market 29
Zoning CMX2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeTCS Management, LLC
Contact Info(215) 383-1439

Listing Map

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