Description
Investor and developer opportunity located on the Tacony Street commercial corridor. This approx. 2,070 SF property is currently zoned RSA-5 and was historically configured for mixed use, with a ground-floor commercial space and a separately accessed upper floor.A prior commercial proposal was submitted and withdrawn, supporting historic commercial intent. The existing layout, corridor context, and surrounding mixed-use pattern present a strong case for zoning relief, either via use variance or map change, to reestablish mixed-use functionality.The upper floor is fully gutted, allowing a buyer to design to modern standards. Upon substantial rehabilitation, the property may qualify for Philadelphia’s 10-Year Tax Abatement, significantly enhancing long-term cash flow.Property is not a turnkey asset and is best suited for experienced investors comfortable with renovation and zoning execution. Buyer to perform all zoning and use due diligence. Seller makes no representations regarding future zoning approvals.
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0BEDS
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0.05ACRES
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0BATHS
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01/2 BATHS
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4,176SQFT
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$38$/SQFT
Description
Investor and developer opportunity located on the Tacony Street commercial corridor. This approx. 2,070 SF property is currently zoned RSA-5 and was historically configured for mixed use, with a ground-floor commercial space and a separately accessed upper floor.A prior commercial proposal was submitted and withdrawn, supporting historic commercial intent. The existing layout, corridor context, and surrounding mixed-use pattern present a strong case for zoning relief, either via use variance or map change, to reestablish mixed-use functionality.The upper floor is fully gutted, allowing a buyer to design to modern standards. Upon substantial rehabilitation, the property may qualify for Philadelphia’s 10-Year Tax Abatement, significantly enhancing long-term cash flow.Property is not a turnkey asset and is best suited for experienced investors comfortable with renovation and zoning execution. Buyer to perform all zoning and use due diligence. Seller makes no representations regarding future zoning approvals.
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