Approved 13 residential market-rate unit project with permits on a CMX-4 zoned corner lot with 3 street frontages. Situated in the Francisville neighborhood of Philadelphia, a Qualified Opportunity Zone (“QOZ”), with a prestigious Girard Avenue address and just a few steps away from Broad Street; the main thoroughfare of the city. This 20 X 110 lot has been taken through the lengthy zoning variance process and is now approved for a building with 100% lot coverage, no car parking and does not have any provisos (conditions) or affordable restrictions. The unit mix is two studios, eight 1 bed/1 bath and three 2 bed/2 bath market-rate units with an average size of 644 square feet. This is a Transit Oriented Development (“TOD”) within a 1-minute walk from the Broad Street Line (subway), trolley stops and bus stops. The subway, which runs every 5 minutes, gets you to City Hall in 4 stops (7 minutes) and the trolley, which runs every 10 minutes, gets you to Northern Liberties in 8 stops (10 minutes). The site is only 1.3 miles from City Hall by foot and within a 1/2 mile walk (5-10 min.) to Starbucks, Aldi Grocery, Fresh Grocer, Met Theater, AMC movie theater, restaurants, gyms, and Temple University main campus. Giant Grocery, Wholefoods, Convention Center, Chinatown and Center City are within a 1 mile walk (15-25 min.). This project will have a 10 Year Tax Abatement and is suitable for either a rental or condo play. The block is currently being transformed with multiple large scale mixed-use project. INQUIRE FOR COPY OF APPROVED PLANS AND PERMITS.
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 29th September, 2023 10:55 PM (UTC)