1331 Grove St - Commercial LAND FOR SALE


Philadelphia, PA 19146 701 SF
$60,000 USD
215-607-3535
1331 Grove St, Philadelphia, PA for Sale
$60,000 USD
Commercial LAND - FOR SALE
1/9
701 SF

1331 Grove St
Philadelphia, PA 19146


HIGHLIGHTS

  • ?? Prime Vacant Lot
  • For Residential Development, Including Multifamily Use ??
  • Perfect For Buy-And-Hold Investors Or Condo Development ??
  • Ideal For Owner-Occupants To Build Multifamily And Offset Mortgage By Renting Units ??
  • Surrounded By New Construction, With Even More Projects In Progress On The Block ??
  • Fantastic Long-Term Investment With Increasing Neighborhood Growth ??

OVERVIEW

Discover this 14' x 50' vacant lot, offering a total of 700 square feet in the up-and-coming Forgotten Bottom neighborhood of Philadelphia. With RM-1 zoning, the property is primed for residential development, allowing for multifamily use which can be used for a buy and hold investment or to build condos and sell them individually. This can be a great scenario for an owner occupant to build a multi-family property and live in one unit while renting the others out to help offset the mortgage. There is new construction already on the block and even more in the process of being built. As time goes on the block will continuously fill in with even more new construction homes making this a fantastic long term investment. Located just minutes from major thoroughfares, public transportation, and the Schuylkill River Trail, this parcel is a hidden gem for buyers and investors alike. The neighborhood is experiencing exciting growth, making this the perfect time to stake your claim. Don’t miss your chance to turn this blank canvas into a lucrative venture. Drive by and envision the possibilities, then make your offer today!

FOR SALE DETAILS

PRICE

$60,000 USD

PRICE/ACRE

$3,733,714/AC

PRICE/SF

$86 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

1331 S Grove St

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units, Single Family Development, Single Family Residence

LAND ACRES

0.02 AC

LAND SF

700 SF

OFFSITE IMPROVEMENTS

-

ZONING

RM-1

APN/PARCEL ID

362363800

ASK ABOUT THIS PROPERTY

Maria QuattroneRE/MAXMore Info
215-607-3535

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Maria QuattroneRE/MAXMore Info
215-607-3535

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.