Property

Philadelphia, PA 19146 1331 S Grove Street

Pending
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Presented By: RE/MAX @ HOME
  • MLS# PAPH2420504
  • 11/18/2024
  • Request Tour
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Home Details

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. Dont miss your chance to turn this blank canvas into a lucrative venture. Drive by and envision the possibilities, then make your offer today!
Presented By: RE/MAX @ HOME

General for 1331 S Grove Street

Acceptable FinancingCash
Additional Parcels Y/NNo
Association Recreation FeeN
CityPHILADELPHIA
Clean Green Assessed Y/NNo
Condo/Coop Association Y/NNo
CountyPHILADELPHIA
Current UseVacant
DirectionsFrom Grays Ferry Ave turn on S 35th St. Make a right onto Wharton St and then left on S Grove St. The property will be on the left hand side.
FULLFee Simple
HOANo
Historic Y/NNo
Lease Considered Y/NNo
Location TypeUrban
Lot Size Square Feet700.00
Lot Size UnitsSquare Feet
MLS Area19146 (19146)
ModificationTimestamp2024-12-04T17:29:27
MunicipalityPHILADELPHIA
PossessionImmediate
Possible UseApartments, Residential
Price Per Sq Ft Total AG85.71
Property SubtypeLand
Property TypeLand
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
SewerPublic Sewer
Standard StatusPending
StatusPENDING
Subdivision NameFORGOTTEN BOTTOM
Tax Annual Amount1042.0
Tax Assessed Value74500.0
Tax Lot53
Tax Year2024
TransportationAirport less than 10 miles, Bus Stop less than 1 mile, Commuter Rail Station less than 1 mile
Vacation Rental Y/NNo
ViewStreet
Virtual TourClick here
Water Access Y/NNo
Waterfront Y/NNo
ZoningRM1

Exterior for 1331 S Grove Street

Horse Y/NNo
Land Use CodeSR
Lot Dimensions14.00 x 50.00
Lot Size Acres0.02
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Ebonie Clerier

Associate
Price $60,000
MLS#PAPH2420504
List Date 11/18/2024
Property Type Pending
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