318-20 N Budd St, Philadelphia, PA 19104
318-20 N Budd St
$850,000
9,000 Sq.Ft.
1925 BUILT
5,624 Sq.Ft. LOT
Back on the market at a greatly reduced price! 318-20 N Budd Street is a 50 foot by 112 foot lot within a Qualified Opportunity Zone. This property has multiple strategies and can be built into an apartment building and held to take advantage of the QOZ, sold to another investor looking for the same opportunity or divided into 8 condos with parking and sold individually. Current existing structure on the property is a double wide, 2-story garage primed for development. This property's close proximity to Penn and Drexel creates a variety of possible strategies to capitalize on your investment. Zoning and plans were previously approved (now expired) to develop an 8 unit building with parking for each unit (plans available upon request). A tremendous amount of development is taking place in the area, including 3.0 University Place, Schuylkill Yards and the Science Center.

Area & Lot

Status
For Sale
Living Space
9,000 Sq.Ft.
Lot Size
5,624 Sq.Ft.
MLS® ID
PAPH2339298
Type
Commercial
Year Built
1925

Exterior

Water Source
Public
Sewer
Public Sewer

Financial

Sales Price
$850,000
Real Estate Tax
$6,010/yr

Property Images

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