330 Cecil B Moore Avenue

    PHILADELPHIA, PA 19122
    • $2,300,000
    • STATUS: Active
    • ON SITE: 9 days
    • ID#: PAPH725862
    UPDATED: 99 min ago
    $2,300,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    ALL OFFERS DUE BY MARCH 14, 2019 This offering consists of a 14,772~ square feet, shovel-ready parcel of land with approvals for a four-story mixed-use building consisting of 42 efficiently-designed residential units complimented by bookend corner retail spaces. This project is being offered as a true shovel-ready offering with all zoning and plans, allowing a buyer to start construction in early 2019 and qualify for Opportunity Zone tax benefits.Well located on a high visibility five-point intersection in South Kensington, the property is five blocks from Berks Station on SEPTA~s Market-Frankford Line providing access to Center City within 12 minutes. In addition, the property is an easy walk to everything that the exceedingly popular Frankford/Girard Avenue corridors have to offer. This includes the best of Philadelphia~s nightlife such as Frankford Hall, Fette Sau, LaColombe~s flagship location, Johnny Brenda~s, Garage, Martha, Pizza Brain, Wm. Mulherin~s Sons (named a top 50 restaurant in the US by Bon App~tit) and Suraya (voted ~Best New Restaurant of 2018~ by Philadelphia Magazine). In addition to the major business corridor of Frankford/Girard Avenue, the inner Kensington neighborhood is experiencing a resurgence with new bars and restaurants opening alongside established favorites like Caf~ Pho Ga Thanh Thanh, Memphis Taproom, and Cook and Shaker. The demand for high-quality rental buildings in South Kensington/Fishtown is extremely strong. Occupancy in this submarket is robust and typically in the 95% to 100% range. 330 Cecil B Moore Avenue presents a tremendous opportunity to acquire a truly shovel ready development site in a Qualified Opportunity Zone and in one of the hottest neighbor-hoods in Philadelphia.

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    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-03-23T16:02:33.01.
    www.locomusings.com/homes/92634952

    330 Cecil B Moore Avenue PHILADELPHIA, PA 19122

    • Price: $2,300,000
    • Status: Active
    • Updated: 99 min ago
    • ID#: PAPH725862
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    Neighborhood:
    South Kensington
    County:
    Philadelphia
    Area:
    19122 (19122)
    School District:
    The School District Of Philadelphia
    Property Description
    ALL OFFERS DUE BY MARCH 14, 2019 This offering consists of a 14,772~ square feet, shovel-ready parcel of land with approvals for a four-story mixed-use building consisting of 42 efficiently-designed residential units complimented by bookend corner retail spaces. This project is being offered as a true shovel-ready offering with all zoning and plans, allowing a buyer to start construction in early 2019 and qualify for Opportunity Zone tax benefits.Well located on a high visibility five-point intersection in South Kensington, the property is five blocks from Berks Station on SEPTA~s Market-Frankford Line providing access to Center City within 12 minutes. In addition, the property is an easy walk to everything that the exceedingly popular Frankford/Girard Avenue corridors have to offer. This includes the best of Philadelphia~s nightlife such as Frankford Hall, Fette Sau, LaColombe~s flagship location, Johnny Brenda~s, Garage, Martha, Pizza Brain, Wm. Mulherin~s Sons (named a top 50 restaurant in the US by Bon App~tit) and Suraya (voted ~Best New Restaurant of 2018~ by Philadelphia Magazine). In addition to the major business corridor of Frankford/Girard Avenue, the inner Kensington neighborhood is experiencing a resurgence with new bars and restaurants opening alongside established favorites like Caf~ Pho Ga Thanh Thanh, Memphis Taproom, and Cook and Shaker. The demand for high-quality rental buildings in South Kensington/Fishtown is extremely strong. Occupancy in this submarket is robust and typically in the 95% to 100% range. 330 Cecil B Moore Avenue presents a tremendous opportunity to acquire a truly shovel ready development site in a Qualified Opportunity Zone and in one of the hottest neighbor-hoods in Philadelphia.
    Exterior Features

    Garage YN No Other Structures Above GradeBelow Grade Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 0 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Building Area Total 0.00 Fireplaces Total 0

    Property Features

    Assessment Year 2019 Association YN No Building Permits On Hand Central Air YN No Construction Completed YN No Current Use Vacant Ground Rent Payment Frequency Annually Lease Considered YN No Lease In Effect No Navigable Water YN N New Construction YN No Original MLSNumber 301553252568 Ownership Interest Fee Simple Possession Settlement Property Sub Type Other Sale Type Standard Sewer Public Sewer Tax Annual Amount 1673.0 Tax Assessment Amount 119500.0 Tax Lot 265 Vacation Rental YN No Water Source Public Zoning Cmx2 Zoning Description Small Scale Neighborhood Commercial And Residential Mixed Use.

    Listing courtesy of Tcs Mgt Llc.
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-03-23T16:02:33.01.
     
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