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Excellent investment opportunity awaits at 990 W Tabor St, where 77 proposed units can be built without the need for a zoning variance. This prime 16,940 square foot commercial lot, adjacent to Einstein Hospital, offers a "By-Right" development opportunity, ensuring a streamlined process for potential developers. Benefit from a 10-year Tax Abatement and capitalize on the property's location within a Federal Opportunity Zone, unlocking potential tax incentives for savvy investors. Positioned amidst a robust medical employment hub, with institutions like Einstein Medical Center, Temple University Hospital, and Shriner's Hospital for Children nearby, this location promises steady demand from medical professionals and staff. Convenient access to public transportation further enhances the property's appeal, with SEPTA's Fern Rock Transportation Center just a short walk away. This strategic location ensures easy commuting for future residents, with a mere 20-minute ride to Center City Philadelphia. Seize the opportunity to develop 77 apartment units on this vacant land, strategically located in the Olney Section of Philadelphia. With CMX-2 zoning in place, new ownership can move forward confidently in creating a thriving residential community near major employment centers. Don't miss out on this exceptional chance to invest in the growth potential of the Tabor Road Multi-Family Development Site.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 12/18/2024 | Year Built | 0 |
|---|---|---|---|
| Community | 19141 (19141) | County | PHILADELPHIA |
SCHOOLS
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Price History
| Prior to Jul 3, '24 | $1,000,000 |
|---|---|
| Jul 3, '24 - Oct 17, '24 | $900,000 |
| Oct 17, '24 - Dec 18, '24 | $750,000 |
| Dec 18, '24 - Today | $850,000 |
Additional Details
| AREA | 19141 (19141) |
|---|---|
| LOT | 0.49 acre(s) |
| LOT DIMENSIONS | 126.00 x 237.00 |
| SEWER | Public Sewer |
| TAXES | 3905 |
Location
Listing provided by TCS Management, LLC
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Data last updated: 1/10/25 12:13 PM PST
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