700-02 N 40th St, PHILADELPHIA

$550,000

0 Beds
0 Baths
5,490 Sqft
.15 Acres
0 Garages

ATTENTION Investors and Builders!! Great opportunity in one of the fastest growing zip codes in Philadelphia, University City! LOCATION LOCATION LOCATION...get in now while you still can. University City is one of the fastest growing sections of the city with tons of rental demand from Drexel University, Penn University, and young professionals. The Schuylkill Yards Development is proceeding and going to double or triple values here. These 2 HUGE CORNER lots have tons of development potential. ZONED RM-1 and 55 FEET WIDE BY 115 FEET DEEP!!! 700 North 40th Street is 25 feet wide and 702 North 40th Street is 30 feet wide according to public record and both lots are 115 feet deep. With the possibility to develop 14 apartments OR MORE, this is a can't miss opportunity. Bring your offers fast, this one won't last long! Properties are being sold AS-IS!

Essential Information
MLS® #PAPH2415326
Price$550,000
Bathrooms0.00
Square Footage5,490
Acres0.15
Year Built1935
TypeCommercial Sale
Sub-TypeFive Or More Units
StatusActive
Community Information
Address700-02 N 40th St
Area19104
CityPHILADELPHIA
CountyPHILADELPHIA-PA
StatePA
MunicipalityPHILADELPHIA
Zip Code19104
Amenities
ParkingPrivate
ViewStreet
Interior
HeatingBaseboard - Hot Water
CoolingNone
# of Stories3
Exterior
Lot DescriptionCorner Lot
RoofFlat
FoundationOther
District

THE SCHOOL DISTRICT OF PHILADELPHIA

Additional Information
ZoningRM-1
Listing Details
OfficeKeller Williams Realty Group
Office Contact6107925900
Property History
Price Reduced from $600,000 to $550,000
LISTING MAP

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Listing information last updated on January 30th, 2025 at 7:03pm EST.

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