990 Tabor RdPhiladelphia, PA 19141

Property Details for 990 Tabor Rd

Lot size

0.49 AC

Property size (Sq ft)

2,100 SF

Zone code

CMX2

Property type

Land

Property subtype

Commercial land

APN

88-5-3763-40

APU

885376340

Description

This exceptional 0.49-acre commercial lot at 990 W Tabor Rd, Philadelphia, PA 19141, presents a compelling investment opportunity. Priced at $750,000 ($34.94/sq ft), this fee-simple property (APN 885376340) offers a "by-right" development opportunity for up to 77 residential units, eliminating the need for zoning variances. The CMX-2 zoning allows for immediate development. Situated in Philadelphia's Olney section, adjacent to Einstein Hospital, this location benefits from a robust medical employment hub, including Temple University Hospital and Shriner's Hospital for Children. The property's proximity to the Fern Rock Transportation Center provides convenient access to public transportation, with a short commute to Center City. Further enhancing its appeal, this site is located within a Federal Opportunity Zone, offering potential tax incentives, and includes a 10-year tax abatement. The 16,940 square foot lot presents a unique chance to capitalize on the high demand for housing near major medical centers and public transit. This vacant land offers a streamlined path to developing a thriving residential community, making it an ideal investment for developers seeking a high-return project in a prime Philadelphia location.

• Alternative Use

  Use

  Valuation

  Residential

  $397,402

  Hospitality

  $364,018

  Educational

  $302,859

  Medical

  $313,275

  Retail

  $471,114

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.0368

Longitude

-75.1366

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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