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2401 N 2nd St 0.63 Acres of Residential Land Offered at $6,570,192 CAD in Philadelphia, PA 19133

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Investment Highlights

SHOVEL READY with full permits and abatement
Can begin construction at time of closing

102 Units + 42 Car Parking

Executive Summary

2401-25 N 2nd Street is a 27,280 square-foot SHOVEL READY development site fronting on 3 streets: 248 ‘ on N 2nd Street; 110’ on W York Street and 248’ on Palethorp Street. The site is fully approved for 102 Apartments, consisting of 69 units in Building A and 33 units across 11 adjoining triplexes, with 42 parking spaces. The existing structures have been demolished and the site has been cleared, allowing the buyer to put a shovel in the ground at time of closing. The approvals are now in place and therefore included in the sale of the site, Buyer will receive the following: Zoning Permit; Building Permit; Construction Documents; Full 10-Year Abatement; Qualified Opportunity Zone Advantages. The unit mix consists of 67 two-beds, 30 one-beds, 4 studios, and 1 three-bed unit. Rent roll and plans are available upon request.

Property Facts

Price	$6,570,192 CAD	Property Subtype	Residential
Sale Type	Investment	Proposed Use	Apartment Units
No. Lots	1	Total Lot Size	0.63 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CMX-2; ICMX; RSA-5 - Commercial and residential mixed use

Price	$6,570,192 CAD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Apartment Units
Total Lot Size	0.63 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CMX-2; ICMX; RSA-5 - Commercial and residential mixed use