Philadelphia, PA 19140,1801 W COURTLAND ST
Philadelphia, PA 19140,1801 W COURTLAND ST
Philadelphia, PA 19140,1801 W COURTLAND ST
$1,500,000
Est. payment /mo
$2,750,000
45.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

3.39 Acres Lot
SOLD DATE : 12/18/2023

Key Details

Sold Price $1,500,000

Property Type Vacant Land

Sub Type Land

Listing Status Sold

Purchase Type For Sale

Subdivision Nicetown

MLS Listing ID PAPH993492

Sold Date 12/18/23

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $25,561

Tax Year 2023

Lot Size 3.388 Acres

Acres 3.39

Lot Dimensions 387.50 x 412.00

Property Description

LAND DEVELOPMENT OPPORTUNITY -- This is a compelling resource spotlighting an opportunity to develop a complete city block of nearly 3.4 acres of clean vacant land overlooking the picturesque historic landmark, Stenton Park. This prized parcel is within a brief walk to the Wayne Junction Train Station at Germantown Avenue in Nicetown, and it enjoys strong 15,000+ AADT nearby traffic counts. The Nicetown-Germantown community is poised for residential growth and cultivates an increasingly vibrant commercial corridor on nearby Germantown Avenue. || This is one of the few remaining large lots to develop in the Germantown vicinity. It is a truncated rectangle of 388'x412'. The parcel can be accessed from all four sides and offers three exposed corners. Sandwiched between the 4600 block of 18th and 19th streets, it offers existing public water and sewer lines on two sides. || The zoning is I2 Industrial which provides for a variety of unique development opportunities with property tax abatement incentives. Furthermore, this property is located within a KIZ 'Keystone Innovation Zone' which provides benefits, incentives, and tax credits to for-profit companies in life sciences and technology. || Because of its robust size and effective location this parcel lends itself to numerous meaningful development models: A mixed-use commercial focus with an inviting pedestrian plaza and a thoughtful balance of multi-family and single-family housing. Perhaps a Senior Housing facility can be incorporated. This parcel can also serve nicely as a site for an expansive single-family housing planned urban community. Another obvious development option is as a dedicated retail shopping mall or a central emporium that offers vital retail and consumer services to the greater Germantown-Nicetown community. || Finally, this expansive parcel has medium density zoning which can support an industrial or office park by-right, or a commissary, storage, a modern warehouse or fulfillment facility that can serve as a strategic hub connecting the Germantown, Roosevelt Boulevard, and Broad Street areas to support a variety of commercial business services. || This location enjoys excellent Septa bus connections to Center City, Chestnut Hill and Broad Street, and a rail connection from nearby Wayne Junction to the Center City Fashion District at 10th and Market. The Friends School, Central High, and Lasalle University are nearby. || Indeed, this large clean vacant land parcel represents a suburb canvas for your imagination and unfolding business model. Pivot to serve emerging contemporary values and translate your savvy to realize profit from this significant destination! || Review the aerial map and dedicated property materials, then drive by the parcel and give us a call to discuss your interests.

Location

State PA

County Philadelphia

Area 19140 (19140)

Zoning I2

Exterior

Fence Chain Link

Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available

Waterfront N

Water Access N

Garage N

Building

Lot Description Cleared, Corner, Subdivision Possible

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 885886900

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Industrial Development Authority, Conventional

Listing Terms Cash, Industrial Development Authority, Conventional

Financing Cash,Industrial Development Authority,Conventional

Special Listing Condition Standard

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Bright MLS (BMLS)
Listed by Charles Balducci • Keller Williams Philadelphia
Bought with Charles Balducci • Keller Williams Philadelphia

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.