215-454-2852
990 Tabor rd, Philadelphia, PA for Sale
Apartments - FOR SALE
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990 Tabor rd
Philadelphia, PA 19141
Logan-Ogontz-Fern Rock


HIGHLIGHTS

  • "By-Right" Development Opportunity: 77 Units can be Built without a Zoning Variance
  • Tax Abatement: 10-Year Real Estate Tax Abatement
  • Opportunity Zone: Located with a Federal Opportunity Zone
  • Public Transportation: SEPTA's Fern Rock Transportation Center within Walking Distance

OVERVIEW

Global Real Estate Advisors (GREA) extends to qualified investors the unique opportunity to acquire the fee simple interest in the Tabor Road Multi-Family Development Site, a development opportunity with “by-right” permissions within a Federal Opportunity Zone in the Olney Section of Philadelphia. The site consists of 21,500± square feet, and is conveniently located in the shadow of Einstein Medical Center, a hospital that employs 6,000+ doctors, nurses, and staff. The 21,500± square foot development site is situated on a single parcel and is currently vacant land. Zoned CMX-2, the site presents new ownership with the opportunity to develop “by-right” 77 apartment units steps away from one of Philadelphia’s major employment hubs. Situated on Tabor Road, the site is a 7-minute walk from SEPTA’s Fern Rock Station, a major transportation hub for subway, bus, and regional rail lines. This strategic location affords future residents of the Tabor Road Multi-Family Development Site a 20-minute commute to Center City Philadelphia. The Tabor Road Multi-Family Development site presents an outstanding opportunity to develop “by-right” 77 apartment units steps away from one of the Region’s largest medical centers.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

77

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Development Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,464 SF

ZONING

CMX-2

APN/PARCEL ID

885376340

ASK ABOUT THIS PROPERTY

215-454-2852

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215-454-2852

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