1937 N Marshall St, Philadelphia, PA 19122

Property Description

Thank you for considering this shovel ready new development in Olde Kensington which totals nine (9) units. Consisting of three lots that are consolidated, and fully entitled, shovel-ready, with Building Permit in hand. All you have to do is hire your contractor and begin construction. Asking price is $575,000 for the entitled land, fully engineered & approved architectural and structural construction plans, phase 1 environmental study, and Building Permit with full 10 year tax abatement already secured. This package includes the Housing Trust Fund bonus for the 3 additional units which has been pre-paid @$90,000. Approved buildable area is +/-10,100 SF with all 1 bd/1bth & 2 bd/2bth unit mix. All units are designed to have private balconies. The new building lot is in the highly coveted Olde Kensington neighborhood proximate to Temple University, N. American Street corridor, Fishtown, SEPTA El train to Center City, and has a grocery store within a one block walk. The property is walking distance to recreational community centers, parks, places of worship, restaurants and retail. The property is located in a Qualified Opportunity Zone with a FULL 10 YEAR PROPERTY TAX ABATEMENT already secured. Do not enter property. It has been secured and is being sold "as-is".