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    4050 Ludlow Street

    PHILADELPHIA, PA 19104
    • $6,600,000
    • STATUS: Active
    • ON SITE: 290 days
    • ID#: PAPH917366
    UPDATED: 46 min ago
    $6,600,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1970
    County:

    School Ratings & Info

    Description

    4050 Ludlow is a SHOVEL READY development site with BUILDING PERMITS and MEP's in place for a 7 story mid-rise apartment building. The design calls for below grade parking with 18 spaces, and 95 residential units in the above floors. The residential units will be one bedroom and studios making the lease up exceptionally easy as these are the unit types across Philadelphia in the highest demand. The layouts also create incredible value as these units consistently garner the highest price per/sf in the city and this sub market. This project is in the very core of the University City sub-market in Philadelphia, an extension of Center City that is seeing incredible growth and demand. There are high barriers to entry in the sub market with development sites quickly drying up. Preliminary drawings will be included with the sale of the property. We believe this is an incredible opportunity to acquire a property with the approved zoning permit in hand in the heart of one of the most exciting sub markets in the North East Corridor.

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    ©2021 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 accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. 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: 2021-05-08T07:51:57.29.
    www.locomusings.com/homes/108083700
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    4050 Ludlow Street PHILADELPHIA, PA 19104

    • Price: $6,600,000
    • Status: Active
    • Updated: 46 min ago
    • ID#: PAPH917366
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    1970
    Built
    Neighborhood:
    University City
    County:
    Philadelphia
    Area:
    19104 (19104)
    School District:
    The School District Of Philadelphia
    Property Description
    4050 Ludlow is a SHOVEL READY development site with BUILDING PERMITS and MEP's in place for a 7 story mid-rise apartment building. The design calls for below grade parking with 18 spaces, and 95 residential units in the above floors. The residential units will be one bedroom and studios making the lease up exceptionally easy as these are the unit types across Philadelphia in the highest demand. The layouts also create incredible value as these units consistently garner the highest price per/sf in the city and this sub market. This project is in the very core of the University City sub-market in Philadelphia, an extension of Center City that is seeing incredible growth and demand. There are high barriers to entry in the sub market with development sites quickly drying up. Preliminary drawings will be included with the sale of the property. We believe this is an incredible opportunity to acquire a property with the approved zoning permit in hand in the heart of one of the most exciting sub markets in the North East Corridor.
    Exterior Features

    Construction Materials Masonry Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 9500.00 Cooling Other Heating Other Heating YN Yes Inclusions Zoning Permit For 96 Residential Units And 36 Parking Spaces. Net Square Feet 9500.00

    Property Features

    Acceptable Financing CashConventionalOther Accessibility Features Other Assessment Year 2021 Association YN No Building Permits On Hand Business Type Warehouse Central Air YN No Cooling Fuel Other Cross Street Chestnut Heating Fuel Other Historic YN No Hot Water Other Incorporated City Name Philadelphia Lease Considered YN No Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304216185078 Ownership Interest Fee Simple Possession Immediate Property Sub Type Land For Commercial Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 6156.00 Tax Assessment Amount 439800.00 Tax Lot 148 Vacation Rental YN No Water Source Public Zoning Cmx4

    Listing courtesy of Keller Williams Philly.


    ©2021 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 accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. 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: 2021-05-08T07:51:57.29.
     
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    LoCoMusings | Century 21 Redwood Realty
    540 Fort Evans Road Suite 303
    Leesburg VA, 20176