3528 Mount Vernon Street Philadelphia, PA 19104
INTRODUCING 3528 MOUNT VERNON - A prime QOZ (Opportunity Zone) multifamily development opportunity in the University City submarket of Philadelphia, Pennsylvania. With 18 units (46 beds) in a proposed 19, 500 SF structure, this asset will command the city’s most robust rental demand for generations to come. Surrounded by the “Eds and Meds” economic engine that powers Philly, there are billions of dollars in active stage developments nearby — including Science Center, Schuylkill Yards, Amtrak’s 30th Street Station master plan, and campus expansion efforts from leading universities Penn and Drexel. The property can be positioned for student housing for the universities but it can equally accommodate young professionals, academics, post-graduates, etc. Penn Presbyterian, HUP and CHOP are several of the world-class healthcare systems operating nearby. 10-year tax abatement eligible — pay taxes on the assessed land value for 10 years, rather than the assessed value of the future improved structure. Buyer responsible to verify taxes and entitlements in DD. Lot dimensions are approximate. Renderings for illustrative purposes.
- Property TypeLand
- NeighborhoodUniversity City
- CountyPhiladelphia
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site58 Days
- MLS StatusActive
- MLS ID NumberPAPH2384640
- Home Size Source N/A
- Year BuiltN/A
- Lot Size0.09 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Sewer Public Sewer
- Acreage 0.09
- Water Public
- Cross Street 35TH
- Property Sub Type Unimproved Land
- Attached Garage No
- Zoning RSA5
Exterior Features
- View City
- Spa No
- Waterfront Property No
- Lot CornerIrregular
Community Features
- MLS Area 19104 (19104)