ATTENTION Investors and Builders!! Great opportunity in one of the fastest growing zip codes in Philadelphia, University City! LOCATION LOCATION LOCATION...get in now while you still can. University City is one of the fastest growing sections of the city with tons of rental demand from Drexel University, Penn University, and young professionals. The Schuylkill Yards Development is proceeding and going to double or triple values here. These 2 HUGE CORNER lots have tons of development potential. ZONED RM-1 and 55 FEET WIDE BY 115 FEET DEEP!!! 700 North 40th Street is 25 feet wide and 702 North 40th Street is 30 feet wide according to public record and both lots are 115 feet deep. With the possibility to develop 14 apartments OR MORE, this is a can't miss opportunity. Bring your offers fast, this one won't last long! Properties are being sold AS-IS!
Listed by Eric D Feinberg
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License #RS318964
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Keller Williams Realty Group
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4849485872
Last updated January 21, 2025
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Source: BrightMLS #PAPH2414946
Listing Facts
TypeMulti-family
NeighborhoodBelmont
Days on Prevu297
Taxes$4,523/year
Size5,490 sqft
Price per sqft$100
Amenities
Parking
Location
Mortgage Calculator
Listing History
01/21/2025
Price Decreased
$550,000
11/15/2024
Listed by Keller Williams Realty Group
$600,000
Property Details for 700-02 N 40TH Street
Exterior
Construction
New Construction: No
Number Of Units Total: 4
Roof: Flat
Stories Total: 3
Year Built: 1935
Architectural Style: Other
Construction Materials: Other
Exterior Features: Fire Escape, Sidewalks, Street Lights
Features
Other Structures: Above Grade
Patio And Porch Features: Porch(es), Patio(s)
View: Street
Waterfront: No
Measurements
Lot Dimensions Source: Estimated
Lot Features: Corner, Additional Lot(s)
Lot Size Acres: 0.15
Lot Size Dimensions: 55,115
Lot Size Source: Estimated
Lot Size Square Feet: 6,331
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $4,523.00
Tax Year: 2024
Interior
Features
Flooring: Carpet, Wood
Measurements
Living Area: 5,490
Living Area Source: Estimated
Rooms
Basement: Unfinished
Has Basement: Yes
Other
General
Exclusions: To be determined.
Parking
Parking
Garage Spaces: 1
Garage: Yes
Parking Features: Secure Parking
Utilities
Equipment
Heating: Baseboard - Hot Water
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
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