1717 Mount Vernon St Philadelphia, PA 19130

This exceptional development opportunity is located in the highly sought-after Fairmount section of Center City Philadelphia, within the desirable 19130 zip code. The property encompasses a 14,000 square foot lot, including an existing building and a spacious vacant lot, totaling 0.1 acres. All necessary permits are in place, making this a truly "shovel-ready" project. The approved plans allow for the construction of nine luxury condominiums or nine high-end apartments. Given the strong market demand, with resale condominiums in the area commanding $600 per square foot, this project presents significant return on investment potential. The vibrant Fairmount neighborhood is renowned for its rich cultural scene, historic architecture, and convenient access to Philadelphia's iconic landmarks such as the Philadelphia Museum of Art, Fairmount Park, and the Schuylkill River Trail. Residents enjoy a sophisticated urban lifestyle with easy access to a variety of amenities, including cafes, restaurants, boutiques, and public transportation. Bonus Depreciation is available to further enhance financial returns. Buyers are responsible for independently verifying taxes and square footage. This is a rare chance to capitalize on the thriving Fairmount market and create a premier residential development.