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Property Description

Back on the market at a greatly reduced price! 318-20 N Budd Street is a 50 foot by 112 foot lot within a Qualified Opportunity Zone. This property has multiple strategies and can be built into an apartment building and held to take advantage of the QOZ, sold to another investor looking for the same opportunity or divided into 8 condos with parking and sold individually. Current existing structure on the property is a double wide, 2-story garage primed for development. This property’s close proximity to Penn and Drexel creates a variety of possible strategies to capitalize on your investment. Zoning and plans were previously approved (now expired) to develop an 8 unit building with parking for each unit (plans available upon request). A tremendous amount of development is taking place in the area, including 3.0 University Place, Schuylkill Yards and the Science Center.

Features
0
: Masonry
: >84" Garage Door
N
0
N
N
MLS Addon
KW Empower
Christopher Hvostal
Annually
1700001130306
PHILADELPHIA CITY
0 Acre
9,000 Acre
0
0 Acre
No
: Standard
$6,010
2022
RSA5
: Public Sewer
: Public
Apartment Building,Auto Related,Parking Garage,Storage,Truck Maintenance Facility,Other,Warehouse
Commercial Features
0 Acre

Commercial Sale

318 BUDD STREET, PHILADELPHIA, Pennsylvania 19104

0.13 Acre
$925,000
Listing ID #PAPH2339298
Basic Details
Property Type : Commercial Sale
Listing Type : Residential Sale
Listing ID : PAPH2339298
Price : $925,000
Year Built : 1925
Lot Size : 0.13 Acre
State : PA
County : PHILADELPHIA
City : PHILADELPHIA
Zipcode : 19104
Status : ACTIVE
Subdivision Name : WEST POWELTON
Property Sub Type : Mixed Use
Price Per SQFT : $103
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