1331 Grove St | Philadelphia, PA 19146
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1331 Grove St
Philadelphia, PA 19146
1331 S Grove St · Land For Sale · 0.02 AC
INVESTMENT HIGHLIGHTS
- ?? Prime Vacant Lot
- Perfect For Buy-And-Hold Investors Or Condo Development ??
- Surrounded By New Construction, With Even More Projects In Progress On The Block ??
- For Residential Development, Including Multifamily Use ??
- Ideal For Owner-Occupants To Build Multifamily And Offset Mortgage By Renting Units ??
- Fantastic Long-Term Investment With Increasing Neighborhood Growth ??
EXECUTIVE SUMMARY
Discover this 14' x 50' vacant lot, offering a total of 700 square feet in the up-and-coming Forgotten Bottom neighborhood of Philadelphia. With RM-1 zoning, the property is primed for residential development, allowing for multifamily use which can be used for a buy and hold investment or to build condos and sell them individually. This can be a great scenario for an owner occupant to build a multi-family property and live in one unit while renting the others out to help offset the mortgage. There is new construction already on the block and even more in the process of being built. As time goes on the block will continuously fill in with even more new construction homes making this a fantastic long term investment. Located just minutes from major thoroughfares, public transportation, and the Schuylkill River Trail, this parcel is a hidden gem for buyers and investors alike. The neighborhood is experiencing exciting growth, making this the perfect time to stake your claim. Don’t miss your chance to turn this blank canvas into a lucrative venture. Drive by and envision the possibilities, then make your offer today!
PROPERTY FACTS Under Contract
1 LOT AVAILABLE
Lot 53
| Price | £47,718 | Lot Size | 0.02 AC |
| Price Per AC | £2,969,353.70 |
| Price | £47,718 |
| Price Per AC | £2,969,353.70 |
| Lot Size | 0.02 AC |
Prime Vacant Lot - For Residential Development, Including Multifamily Use ?? Surrounded By New Construction, With Even More Projects In Progress On The Block ?? Located Minutes From Major Thoroughfares, Public Transpo, & Schuylkill River Trail ??
PROPERTY TAXES
| Parcel Number | 362363800 | Improvements Assessment | £0 |
| Land Assessment | £80,722 | Total Assessment | £80,722 |
PROPERTY TAXES
Parcel Number
362363800
Land Assessment
£80,722
Improvements Assessment
£0
Total Assessment
£80,722
ZONING
| Zoning Code | RM-1 (Residential Multi-Family-1) |
| RM-1 (Residential Multi-Family-1) |
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