$1,600,000
$1,900,000
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12,074 SqFt
SOLD DATE : 05/18/2023
Key Details
Sold Price $1,600,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 12,074 sqft
Price per Sqft $132
Subdivision West Oak Lane
MLS Listing ID PAPH2084964
Sold Date 05/18/23
HOA Y/N N
Originating Board BRIGHT
Year Built 2008
Tax Year 2022
Lot Size 0.795 Acres
Acres 0.8
Lot Dimensions 174.28 x 139.50
Property Description
New construction is booming all around this location and it is an excellent development opportunity in West Oak Lane with CMX-2 Zoning. The property is situated on 174 frontage x 139 depth with a total of 35,554 SQ FT. Multi-family development opportunity exists for an apartment building. A By-right feasibility has been conducted and a 4-story building with approximately 73-109 units could be built. Each unit would be 962 SQ FT. The current building is 1 story building which was a banquet facility and is 12,074 SQ FT of interior space plus added bonus of a large parking lot to accommodate 30 plus car parking. Other possibilities exists such as a Catering Hall or Commissary. The sale also includes two billboards. The property is being sold in as-is condition. Easy access to Limekiln Pike, Cheltenham Ave, Route 309, Stenton Ave and Broad St.
Location
State PA
County Philadelphia
Area 19138 (19138)
Zoning CMX-2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 30.0
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 30
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 775512300
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with LaShae Gordon Strickland • JG Real Estate LLC
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