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C$ 399,000
Est. payment | /mo
2,800 Sqft Lot
C$ 399,000
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
Lot Size 2,800 Sqft
MLS Listing ID PAPH2559004
Short Sale No
Originating MLS 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
1-purchase type For Sale
Exterior
Waterfront N
Water Access N
Accessibility Other
Parking Type Other
Building
New Construction Y
Lot Dimensions 60' x 54'
Sewer Other
Water Other
Schools
School District Philadelphia City
Others
Tax Amount C$6,686
Tax Year 2026
Tax ID 183041500
Ownership Fee Simple
Special Sale Standard
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Listed by Nadia Bilynsky • Mallin Panchelli Nadel Realty Inc
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