PA > Philadelphia > Germantown
Philadelphia, PA 19144,4949 WAYNE AVE
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Simone Velvel

Simone Velvel

+1(703) 507-7614
$699,999
Est. payment /mo
4,546 Sqft Lot
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UPDATED:

11/15/2024 01:04 PM

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Germantown

MLS Listing ID PAPH2418968

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $794

Tax Year 2025

Lot Size 4,546 Sqft

Acres 0.1

Lot Dimensions 49,0 X 93.0

Property Description

Zoning-approved multifamily development opportunity in Philadelphia’s popular Wayne Junction neighborhood. This value-engineered proposed development features 5 floors of wood frame construction with 21 units throughout ±22,593 SF with ground floor commercial space, fitness center and green roof terrace atop the building showcasing sensational views of the Philly skyline. This boutique, elevator building will feature sixteen (16) 1bd x 1ba apartments and four (4) 2bd x 2ba apartments. This prominent corner site benefits from 49’ of frontage—ownership worked diligently to assemble the three (3) contiguous lots that make up roughly ±4,546 SF or prime urban land. Easy access to Wayne Junction, Germantown + Mount Airy amenities, breweries, shops and restaurants, as well as Wayne Junction Septa (regional rail). Purchase this approved real estate in a Top-10 USA MSA today and plant your company’s flag in PHL. Enquire within for PPP (pro forma, permits, plans). 10 year tax abatement-eligible. Pay taxes on assessed land value for 10 years rather than the improvements (21 unit building). This area is poised for above-average rent growth and appreciation and is surrounded by progressive new development in every direction. Make your move.

Location

State PA

County Philadelphia

Area 19144 (19144)

Zoning CMX2.5

Exterior

Water Access N

View City

Garage N

Building

Lot Description Corner

Sewer Public Sewer

Water Public

Schools

School District The School District Of Philadelphia

Others

Tax ID 885103840

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Read Less Info
Bright MLS (BMLS)
Listed by Ryan J McManus • Keller Williams Liberty Place
advisor-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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4949 WAYNE AVE

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