Description
Prime development parcel in Germantown, one of the fastest-growing submarkets in Philadelphia, Pennsylvania. This site is fully entitled (all plans and permits included) to build 46 market-rate apartments atop 750 SF of ground floor commercial space and 10 parking spaces with a panoramic rooftop terrace showcasing views of the Wissahickon Woods. 6 studios, 32 1bd and 8 2bd units create a diverse unit mixture. The total building size is 43,245 SF throughout 5-storeys. There are multiple new developments progressing along the Avenue and local favorites Weavers Way Grocery and Ultimo Coffee are just a short stroll away, as is the Chelten Avenue Septa regional rail line (Chestnut Hill West) which connects directly into Center City and University City. Jefferson University, Germantown Friends School and William Penn Charter (3 highly- esteemed local schools) are each less than 5 minutes away. The area is exploding with positive growth driven by surging rental, retail and investment demand. Enquire within for PPP (plans, pro forma, permits). FULL 10 YEAR TAX ABATEMENT.
Location
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: 27th March, 2023 10:50 AM (UTC)
