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Listed by Nadia Bilynsky • Mallin Panchelli Nadel Realty Inc
$ 365,000
Est. payment | /mo
2,800 Sqft Lot
$ 365,000
Est. payment | /mo
2,800 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2559004
Annual Tax Amount $6,686
Tax Year 2026
Lot Size 2,800 Sqft
Lot Dimensions 60' x 54'
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
MPN Realty, Inc. is pleased to present the exclusive sale of 514-18 Berks Street, a development opportunity in the West Kensington neighborhood of Philadelphia. The seller has obtained zoning approval for a 4-story building with twelve residential units. The site is very well-located along the Berks Street commercial corridor, among several multi-family and mixed-use developments, and in close proximity to Temple University. The Property is located in a Qualified Opportunity Zone (QOZ), which provides an immediate benefit to investors of deferring payment of capital gains tax that would be paid, until 2026. More information is located on page 5 of the OM. The properties are situated in a Mixed Income Overlay District, which provides for affordable housing requirements. A link to the ordinance is provided in the OM.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning CMX-2
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Water Access N
Accessibility Other
Garage N
Building
Sewer Other
Water Other
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID 183041500
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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Melissa Young
Agent | License ID: 0787303
129 CHESTER AVE., MOORESTOWN, Jersey, 08057, United States