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- LoopNet Team
2916 Kensington Ave
Philadelphia, PA 19134
50 Unit Mixed-Use QOZ Development Site · Land For Sale · 0.31 AC
Investment Highlights
- Federal Qualified Opportunity Zone (QOZ)
- Excellent location for Public Transportation
- "By-Right" Construction CMX 2.5 - 48 Apartments, 2 Commercial
PROPERTY FACTS
Description
KW Commercial is proud to present an opportunity to acquire the fee simple interest in the multi-family development site located at 2916 Kensington Avenue. This development opportunity includes a by-right study to construct a 48,518sf building consisting of 48 apartments, 6,580sf of Commercial Space, a resident lounge, lockers, and bike storage. 2916 Kensington Ave consists of 145 feet of frontage and is well located on a high visibility street in heart of Kensington. The demand for quality new development in Kensington/Fishtown is extremely high. Occupancy in this submarket is robust and typically in the 95% to 100% range.
PROPERTY TAXES
| Parcel Number | 882971665 | Improvements Assessment | $43,471 |
| Land Assessment | $101,431 | Total Assessment | $144,902 |
PROPERTY TAXES
zoning
| Zoning Code | CMX 2.5/QOZ (Neighborhood Commercial Mixed-Use-2.5 and Federal Qualified Opportunity Zone) |
| CMX 2.5/QOZ (Neighborhood Commercial Mixed-Use-2.5 and Federal Qualified Opportunity Zone) |
