1240 N HOLLYWOOD ST new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19121
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Brewerytown
MLS Listing ID PAPH2536538
HOA Y/N N
Annual Tax Amount $1,618
Tax Year 2024
Lot Size 700 Sqft
Lot Dimensions 14x50
Property Sub-Type Land
Source BRIGHT
Property Description
Unlock an exceptional investment opportunity with a projected profit of approximately $100,000 in the heart of Brewerytown. New construction is peppered all throughout the emitted area and the block. With construction costs estimated around $275k and a projected After Repair Value (ARV) of $525k-$535k, this prime land parcel offers a clear path to substantial returns. Spanning a generous lot size, this interior location provides a blank canvas for developers and investors looking to capitalize on this established neighborhood.
Brewerytown is renowned for its rich history and rapid revitalization, making it a hotspot for residential and commercial development. The area boasts a unique blend of urban charm and modern amenities, ensuring strong demand for new construction. With the potential for high rental yields and appreciation, this lot is strategically positioned to attract discerning tenants and buyers alike. The interior lot features provide a tranquil setting, while still being just moments away from the bustling streets filled with trendy cafes, artisanal shops, and cultural attractions.
With Brewerytown's ongoing transformation and increasing property values, this land offers not just a place to build, but a foundation for significant growth. Seize this opportunity to be part of a thriving community and watch your investment flourish in one of Philadelphia's most exciting neighborhoods.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RSA5
Interior
Inclusions stampled plans
Exterior
Water Access N
Garage N
Building
Lot Description Interior
Sewer Public Sewer
Water Public
Schools
School District Philadelphia City
Others
Tax ID 292252700
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Joint Venture,Conventional,Cash
Listing Terms Joint Venture,Conventional,Cash
Financing Joint Venture,Conventional,Cash
Special Listing Condition Standard