346 W QUEEN LN, Philadelphia, PA 19144 - MLS#PAPH2416546

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Adam Ferst

[email protected] +1(202) 421-5500

$699,999

Est. payment - /mo

4,380 Sqft Lot

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UPDATED:

11/04/2024 08:13 PM

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision East Falls

MLS Listing ID PAPH2416546

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $2,394

Tax Year 2025

Lot Size 4,380 Sqft

Acres 0.1

Lot Dimensions 0.0 x 0.0

Property Description

QUEEN'S COMMONS: Zoning-approved multifamily development opportunity in NWPHL (Northwest Philadelphia), straddling two (2) in-demand neighborhoods: East Falls and Germantown. This value engineered proposed development features 5 floors of wood frame construction with 21 units throughout ±19,697 SF with ground floor commercial space, storage, fitness center, amenity space and green roof terrace atop the building showcasing sensational views of the Philly skyline. This boutique, elevator building will feature sixteen (16) 1bd x 1ba apartments and four (4) 2bd x 2ba apartments. This prominent site benefits from 52’ of frontage totaling roughly ±4,380 SF or prime urban land. Easy access to East Falls borough amenities, breweries, shops and restaurants, as well as Queen Lane Septa Station (regional rail), Germantown Cricket Club, Germantown Friends School, William Penn Charter School and Thomas Jefferson University, as well as downtown Germantown. Purchase this approved real estate in a Top-10 USA MSA today and plant your company’s flag in PHL. Enquire within for PPP (pro forma, permits, plans). 10 year tax abatement-eligible. Pay taxes on assessed land value for 10 years rather than the improvements (21 unit building). This area is poised for above-average rent growth and appreciation and is surrounded by progressive new development in every direction. Make your move.

Location

State PA

County Philadelphia

Area 19144 (19144)

Zoning CMX25

Exterior

Waterfront N

Water Access N

View City

Garage N

Building

Sewer Public Sewer

Water Public

Schools

School District Philadelphia City

Others

Tax ID 123121305

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Listed by Ryan J McManus • Keller Williams Liberty Place

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Adam Ferst

+1(202) 421-5500

Agent | RSRS325119

Agent RSRS325119

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