2527 Lehigh AvePhiladelphia, PA 19132

Property Details for 2527 Lehigh Ave

Year built

1915

Property size (Sq ft)

2,126 SF

Property type

Investment properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a three-story, 2,126 square foot building situated on a 1,023 square foot lot in Philadelphia, Pennsylvania (APN: 281375000). Located at 2527 W Lehigh Ave, zip code 19132, this Fee Simple property boasts CMX-1 zoning, allowing for diverse mixed-use development. Built in 1915, the structure is currently vacant and requires complete renovation. All joists have been replaced, and the interior has been fully framed, providing a blank canvas for a customized project. The building's location on the Lehigh Avenue corridor offers high visibility and proximity to various amenities, including numerous restaurants, grocery stores, banks, pharmacies, and parks such as Reyburn Park and Connie Mack Stadium. The property's classification is C, and the asking price is $90,000, translating to $42.33 per square foot. This redevelopment project offers significant potential for a savvy investor seeking to capitalize on the area's growth and the flexibility afforded by the mixed-use zoning. The property is categorized as an apartment building, single-family rental portfolio, and student housing, presenting multiple development pathways.

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9965

Longitude

-75.1731

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