702 Oak Lane Philadelphia Pa 19126. The 11,066 SF parcel encompasses two, distinct structures:
Front Structure: 3-story, 4-unit apartment building totaling 4,892 SF, Renovated in 2015
Rear Structure: A mixed-use building with 2 apartments situated above 3 garage/storage units
The CMX-2 zoning designation allows for flexibility, making this property ideal for a variety of approaches, including, but not limited to:
Renovating Both Existing Structures: Restore and modernize the current buildings to maximize their rental or resale value.
Partial Redevelopment and New Construction: Renovate the front structure while demolishing the rear structure to make way for a new multifamily development on the rear portion of the lot.
Full Redevelopment: Demolish both structures and construct a new multifamily building that utilizes the entire lot to its full potential.