Address
1801 W Courtland Street Philadelphia, PA
Price
$ 2,750,000
Property Attributes
  • MLS#PAPH993492
  • TypeLand
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19140
  • NeighborhoodNICETOWN
  • Zip19140
  • StyleVacant
  • Taxes$ 8355
  • Price$ 2,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3.39 Acres
Listing Provided Courtesy Of:
Keller Williams Philadelphia
Data Source:
Bright MLS - 382 - MD
Property Description

LAND DEVELOPMENT OPPORTUNITY -- This is a compelling resource spotlighting an opportunity to develop a complete city block of nearly 3.4 acres of clean vacant land overlooking the picturesque historic landmark, Stenton Park. This prized parcel is within a brief walk to the Wayne Junction Train Station at Germantown Avenue in Nicetown, and it enjoys strong 15,000+ AADT nearby traffic counts. The Nicetown-Germantown community is poised for residential growth and cultivates an increasingly vibrant commercial corridor on nearby Germantown Avenue. || This is one of the few remaining large lots to develop in the Germantown vicinity. It is a truncated rectangle of 388'x412'. The parcel can be accessed from all four sides and offers three exposed corners. Sandwiched between the 4600 block of 18th and 19th streets, it offers existing public water and sewer lines on two sides. || The zoning is I2 Industrial which provides for a variety of unique development opportunities with property tax abatement incentives. Furthermore, this property is located within a KIZ 'Keystone Innovation Zone' which provides benefits, incentives, and tax credits to for-profit companies in life sciences and technology. || Because of its robust size and effective location this parcel lends itself to numerous meaningful development models: A mixed-use commercial focus with an inviting pedestrian plaza and a thoughtful balance of multi-family and single-family housing. Perhaps a Senior Housing facility can be incorporated. This parcel can also serve nicely as a site for an expansive single-family housing planned urban community. Another obvious development option is as a dedicated retail shopping mall or a central emporium that offers vital retail and consumer services to the greater Germantown-Nicetown community. || Finally, this expansive parcel has medium density zoning which can support an industrial or office park by-right, or a commissary, storage, a modern warehouse or fulfillment facility that can serve as a strategic hub connecting the Germantown, Roosevelt Boulevard, and Broad Street areas to support a variety of commercial business services. || This location enjoys excellent Septa bus connections to Center City, Chestnut Hill and Broad Street, and a rail connection from nearby Wayne Junction to the Center City Fashion District at 10th and Market. The Friends School, Central High, and Lasalle University are nearby. || Indeed, this large clean vacant land parcel represents a suburb canvas for your imagination and unfolding business model. Pivot to serve emerging contemporary values and translate your savvy to realize profit from this significant destination! || Review the aerial map and dedicated property materials, then drive by the parcel and give us a call to discuss your interests.

Price History
3/8/2021 Listed $2,750,000

General Features

Acceptable Financing Cash, Industrial Development Authority, Conventional
Additional Parcels Y/N No
Association Y/N No
County PHILADELPHIA
Current Use Vacant
Days on Market 147
High School District THE SCHOOL DISTRICT OF PHILADELPHIA
Historic Y/N No
Location Type Corner Lot/Unit
MLS Area 19140 (19140)
Municipality PHILADELPHIA
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 18.64
Property SubType Land
Property Type Land
Sewer Public Sewer
Subdivision Name NICETOWN
Tax Annual Amount 8355.0
Tax Year 2021
Topography Flat, Clean, Open Expansive
Utilities Electric Available, Natural Gas Available, Sewer Available, Water Available
Vacation Rental Y/N No
Water Access Y/N No
Zoning I2
Zoning Description 'Medium Industrial' including manufacturing, regional distribution, processing, and industrial parks

Exterior Features

Fencing Chain Link
Lot Dimensions 387.50 x 412.00
Lot Features Cleared, Corner, Subdivision Possible
Lot Size Acres 3.39
Lot Size Source Assessor
Lot Size Square Feet 147563.00
Navigable Water Y/N No
Road Frontage Length 424
Topography Description Flat, Clean, Open Expansive
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 19140

Price
AVG $200K
$2.75M
Taxes
AVG $533
$8,355
Visits
AVG 78
134
Walkscore
AVG 84
79
Data Provided by Walkscore ® not using MLS data

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