For Sale
$60,000

1331 Grove StPhiladelphia, PA 19146

700 sq ft lot, RM-1 zoning, multifamily potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This 700-square-foot vacant lot, located at 1331 S Grove St in Philadelphia, Pennsylvania (zip code 19146), presents a unique opportunity for residential development. The property, identified by APN 362363800, is offered at $60,000, translating to a land value of $3,000 per square foot. The lot measures approximately 14 feet by 50 feet and is zoned RM-1, permitting multifamily use. This makes it ideal for both buy-and-hold investors seeking rental income or developers interested in constructing condos for individual sale. The property's location offers convenient access to major roadways, public transportation, and the Schuylkill River Trail. The Forgotten Bottom neighborhood is experiencing significant growth, with numerous new construction projects underway in the immediate vicinity, indicating a strong potential for future appreciation. This presents a compelling opportunity for an owner-occupant to build a multi-family dwelling, utilizing rental income from additional units to offset mortgage payments. The ongoing development within the neighborhood further solidifies this property's position as a sound long-term investment. Fee simple ownership is conveyed. Don't miss this chance to capitalize on the burgeoning Philadelphia real estate market.

Highlights

  • Prime vacant lot for residential development, including multifamily use.
  • Perfect for buy-and-hold investors or condo developers.
  • Ideal for owner-occupants to build multifamily and offset mortgage payments through rental income.
  • Surrounded by new construction in a rapidly developing neighborhood.
  • Fantastic long-term investment opportunity with strong neighborhood growth potential.
  • Located near major roads, public transportation, and the Schuylkill River Trail.

Property Details for 1331 Grove St

Property type
Land

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9379815
Longitude
-75.2013041
1331 Grove St, Philadelphia, Pennsylvania

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1331 Grove St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message