Property

Philadelphia, PA 19144 5139 Wayne Avenue

Pending
5139 Wayne Avenue Philadelphia, PA - Image 15139 Wayne Avenue Philadelphia, PA - Image 25139 Wayne Avenue Philadelphia, PA - Image 3
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Presented By: Select Commercial Advisors
  • MLS# PAPH2418608
  • 11/12/2024
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Home Details

Select Commercial Advisors is pleased to present the opportunity to acquire and develop a multifamily residential 4-story elevator-serviced building with a green roof featuring +/- 34,500 square feet across 48 apartment units. The project will be delivered with a fully approved set of zoning and building permits. The site received the full 10-year Tax Abatement in 2021, meaning that the value of improvements is 100% abated for 10 years after construction. With expertly value-engineered plans, the project offers attractive unit layouts in a cost-effective design. As the Germantown/Wayne-Junction rental real estate market flourishes, take advantage of an entitled development opportunity in one of the citys most dynamic neighborhoods! Broker of record has financial interest. Inquire for detailed offering memorandum and permit set.
Presented By: Select Commercial Advisors

General for 5139 Wayne Avenue

Additional Parcels Y/NNo
Association Recreation FeeN
CityPHILADELPHIA
Clean Green Assessed Y/NNo
CountyPHILADELPHIA
Current UseVacant, Land/Lot Only
DirectionsGoogle Maps
FULLFee Simple
HOANo
Lot Size Square Feet12547.00
Lot Size UnitsSquare Feet
MLS Area19144 (19144)
ModificationTimestamp2024-11-27T06:20:11
MunicipalityPHILADELPHIA
PossessionImmediate
Possible UseMulti-Family, Apartment Building, Apartments
Price Per Sq Ft Total AG87.27
Property SubtypeLand
Property TypeLand
School DistrictPHILADELPHIA CITY
SewerPublic Sewer
Standard StatusPending
StatusPENDING
Tax Annual Amount1153.0
Tax Assessed Value82400.0
Tax Lot-266
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
ZoningRM1
Zoning DescriptionFully entitled for 48 residential units

Exterior for 5139 Wayne Avenue

Land Use CodeA51
Lot Dimensions70.00 x 175.00
Lot Size Acres0.29
Lot Size SourceEstimated
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Number of Lots1
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Tina Torres

Broker/Owner
Price $1,095,000
MLS#PAPH2418608
List Date 11/12/2024
Property Type Pending
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