5101 Westminster Avenue
Philadelphia, PA 19131
Listing provided courtesy of: Tesla Realty Group, LLC
Property Description
Introducing a remarkable ±25,420 SF corner lot in vibrant West Philadelphia, ideal for your next multifamily development project! This shovel-ready site comes complete with paid permits valued at over $40,000 and detailed plans to construct an impressive 74-unit residential building.
Enjoy unparalleled access to the dynamic University City area, a bustling "eds and meds" innovation hub featuring prestigious institutions like the University of Pennsylvania, Drexel University, CHOP, and the Science Center, alongside the thriving Schuylkill Yards and 30th Street Station. This prime location is truly at the heart of the Philadelphia real estate market and is poised for substantial appreciation in the coming years, thanks to its proximity to cutting-edge advancements in education, healthcare, life sciences, business, and technology.
The demand for high-quality housing in this area has never been more critical, making this an incredible opportunity to buy and build! Your new development will include a range of apartments—studios, one-bedroom, and two-bedroom units—complete with parking in an elegant five-story structure. Benefit from a significant 10-year tax abatement, allowing for increased returns on investment.
Don’t miss out on this extraordinary chance to transform a prime location into much-needed housing. For additional insights on the pro forma, plans, and permits, please reach out. Remember, the buyer is responsible for verifying taxes, square footage, and entitlements during due diligence. Take the next step in shaping Philadelphia's future today!
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Features:
Public Sewer
| Price: | $1,249,999 |
| Interior (SQFT): | 25,700 |
| Lot Size (SQFT): | 25,700 |
| Property Type: | Land |
Listing provided courtesy of: Tesla Realty Group, LLC. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS assumes no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information is deemed reliable but not guaranteed. © 2025 by BRIGHT MLS. All rights reserved. Listing last updated on 05/12/2025 10:58:33
