3061 61St StPhiladelphia, PA 19153

  • Industrial land
  • 4.04 AC

Property Details for 3061 61St St

Lot size
4.04 AC
Zone code
I2
Property type
Industrial land
APN
88-5-9877-40
APU
885987740

Description

This exceptional 4.04-acre industrial land parcel presents a unique investment opportunity in Southwest Philadelphia. Boasting approximately 286 feet of frontage, the property is ideally situated for convenient access to major transportation arteries, including Interstates 95 and 76. Its strategic location offers significant advantages for businesses requiring seamless connectivity to regional and national distribution networks. The site is zoned I2 – Medium Industrial by the City of Philadelphia, allowing for a variety of industrial uses. The single-tenant property provides flexibility for development or expansion plans. Furthermore, its proximity to key infrastructure, including the Walt Whitman Bridge, Philadelphia International Airport, and Center City Philadelphia (all within a 10-mile radius), enhances its appeal and potential for substantial return on investment. The property's size and location make it an attractive prospect for businesses seeking a strategic foothold in a thriving industrial market. Detailed zoning information and development possibilities are available upon request. This is a rare opportunity to acquire a significant industrial land holding in a highly desirable location. The total building square footage is currently listed as 1 square foot, indicating the land is primarily undeveloped and ready for development.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $56,733,908
    Hospitality
    $51,967,952
    Educational
    $43,236,728
    Medical
    $44,723,704
    Retail
    $67,257,128

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9226
Longitude
-75.2168
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,316
$594,100
-
$594,100
-
$594,100
-
$594,100

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