3528 Mount Vernon - Residential LAND FOR SALE


Philadelphia, PA 19104- Mantua3,899 SF
$850,000 USD
610-606-1095
3528 Mount Vernon, Philadelphia, PA for Sale
$850,000 USD
Residential LAND - FOR SALE
1/16
3,899 SF

3528 Mount Vernon
Philadelphia, PA 19104
Mantua


HIGHLIGHTS

  • Connected to Philly's "Eds & Meds" Economy
  • Prime Student-housing Development
  • Access to PENN & DREXEL (+more)

OVERVIEW

INTRODUCING 3528 MOUNT VERNON - A prime QOZ (Opportunity Zone) multifamily development opportunity in the University City submarket of Philadelphia, Pennsylvania. With 18 units (46 beds) in a proposed 19,500 SF structure, this asset will command the city’s most robust rental demand for generations to come. Surrounded by the “Eds and Meds” economic engine that powers Philly, there are billions of dollars in active stage developments nearby — including Science Center, Schuylkill Yards, Amtrak’s 30th Street Station master plan, and campus expansion efforts from leading universities Penn and Drexel. The property can be positioned for student housing for the universities but it can equally accommodate young professionals, academics, post-graduates, etc. Penn Presbyterian, HUP and CHOP are several of the world-class healthcare systems operating nearby. 10-year tax abatement eligible — pay taxes on the assessed land value for 10 years, rather than the assessed value of the future improved structure.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/ACRE

$9,493,846/AC

PRICE/SF

$218 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

STUDENT HOUSING DEVELOPMENT—PENN & DREXEL

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.09 AC

LAND SF

3,900 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas

ZONING

rsa5

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ryan McManusAgent PHLMore Info
610-606-1095

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Ryan McManusAgent PHLMore Info
610-606-1095

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.