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Property Description

Excellent investment opportunity awaits at 990 W Tabor St, where 77 proposed units can be built without the need for a zoning variance. This prime 16,940 square foot commercial lot, adjacent to Einstein Hospital, offers a “By-Right” development opportunity, ensuring a streamlined process for potential developers. Benefit from a 10-year Tax Abatement and capitalize on the property’s location within a Federal Opportunity Zone, unlocking potential tax incentives for savvy investors. Positioned amidst a robust medical employment hub, with institutions like Einstein Medical Center, Temple University Hospital, and Shriner’s Hospital for Children nearby, this location promises steady demand from medical professionals and staff. Convenient access to public transportation further enhances the property’s appeal, with SEPTA’s Fern Rock Transportation Center just a short walk away. This strategic location ensures easy commuting for future residents, with a mere 20-minute ride to Center City Philadelphia. Seize the opportunity to develop 77 apartment units on this vacant land, strategically located in the Olney Section of Philadelphia. With CMX-2 zoning in place, new ownership can move forward confidently in creating a thriving residential community near major employment centers. Don’t miss out on this exceptional chance to invest in the growth potential of the Tabor Road Multi-Family Development Site.

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MLS Addon
TCS Management, LLC
Moshe Adika
Annually
121134683742
THE SCHOOL DISTRICT OF PHILADELPHIA
0 Acre
21,464 Acre
0
0 Acre
No
: Standard
$3,905
2022
CMX2
: Public Sewer
: Public
Other
Commercial Features
0 Acre

Commercial Sale

990 TABOR ROAD, PHILADELPHIA, Pennsylvania 19141

0.49 Acre
$1,000,000
Listing ID #PAPH2336642
Basic Details
Property Type : Commercial Sale
Listing Type : Residential Sale
Listing ID : PAPH2336642
Price : $1,000,000
Year Built : 2024
Lot Size : 0.49 Acre
State : PA
County : PHILADELPHIA
City : PHILADELPHIA
Zipcode : 19141
Status : ACTIVE
Property Sub Type : Land For Commercial Use
Price Per SQFT : $47
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