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Listed by Leia Johnson • KW Empower
$ 139,000
Est. payment /mo
Active
1601 S NEWKIRK ST Philadelphia, PA 19145
871 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2626308
HOA Y/N N
Annual Tax Amount $1,622
Tax Year 2026
Lot Size 871 Sqft
Acres 0.02
Property Sub-Type Land
Source BRIGHT
Property Description
This prime urban land parcel, encompassing 0.02 acres, presents a unique investment opportunity in a rapidly developing area. The property is strategically located in an urban setting, ensuring high visibility and accessibility, which are critical factors for maximizing potential returns. The lot offers a street view, enhancing its appeal for various development possibilities. Investors can capitalize on the increasing demand for urban properties, particularly in locations that support mixed-use developments, residential units, or commercial ventures. The urban location is conducive to attracting a diverse clientele, ensuring a steady stream of potential tenants or buyers. With the ongoing urban revitalization efforts in the vicinity, this property is poised for appreciation in value. The compact size of the lot allows for efficient development, minimizing overhead costs while maximizing the potential for high-density construction. Investors can explore various avenues, including residential, retail, or office space, aligning with market trends that favor urban living and working environments. This land parcel is not encumbered by additional parcels, simplifying the acquisition process and allowing for straightforward development planning. The absence of association fees and amenities further enhances the investment's attractiveness, providing flexibility in development choices without ongoing financial obligations. In summary, this urban land opportunity is ideal for investors seeking to leverage the growing demand for urban properties, with the potential for significant returns through strategic development.
Location
State PA
County Philadelphia
Area 19145 (19145)
Zoning CMX1
Exterior
Water Access N
View Street
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District Philadelphia City
Others
Tax ID 364359200
Ownership Fee Simple
Horse Property N
Special Listing Condition Standard
Nearby Locations