318 N Budd Street Philadelphia, PA 19104
Back on the market at a greatly reduced price! 318-20 N Budd Street is a 50 foot by 112 foot lot within a Qualified Opportunity Zone. This property has multiple strategies and can be built into an apartment building and held to take advantage of the QOZ, sold to another investor looking for the same opportunity or divided into 8 condos with parking and sold individually. Current existing structure on the property is a double wide, 2-story garage primed for development. This property's close proximity to Penn and Drexel creates a variety of possible strategies to capitalize on your investment. Zoning and plans were previously approved (now expired) to develop an 8 unit building with parking for each unit (plans available upon request). A tremendous amount of development is taking place in the area, including 3.0 University Place, Schuylkill Yards and the Science Center.
- Property TypeCommercial
- NeighborhoodWest Powelton
- CountyPhiladelphia
- Taxes$6,010
- HOA/Condo/Coop Fees$0
- Days on Site60 Days
- MLS StatusActive
- MLS ID NumberPAPH2339298
- Home Size Source Estimated
- Year Built1925
- Lot Size0.13 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking None
- Sewer Public Sewer
- Acreage 0.13
- Water Public
- Property Sub Type Mixed Use
- Attached Garage No
- Zoning RSA5
Interior Features
- Cooling None
- Heating None
Exterior Features
- Spa No
- Waterfront Property No
Community Features
- MLS Area 19104 (19104)