1514-18 N AMERICAN ST Active

Philadelphia,PA 19122

$ 1600000

- Bed

- Bath

- SqFt


Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Olde Kensington

MLS Listing ID PAPH2214256

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $1,240

Tax Year 2023

Lot Size 5,040 Sqft

Acres 0.12

Lot Dimensions 85.00 x 60.00

Property Description

Seize the chance to invest in the rapidly growing Olde Kensington neighborhood, where new construction is already underway. This property comes with approved zoning plans for an ambitious development project. The plans include building 9 units with a mix of residential and commercial spaces: 8 residential units (1 two-bedroom, two-bathroom; 6 one-bedroom, one-bathroom; and 1 studio) plus 1 commercial space on the ground floor. The lot dimensions are 53 x 60 feet, totaling 3,180 square feet.

Additionally, there are approved plans for two new construction homes on adjacent parcels on N Bodine St. Each home will feature 3 bedrooms, 2.5 bathrooms, a finished basement, and a roof deck. Lot dimensions for each house are 16 x 60 feet, with a total of 960 square feet per lot.

This location is ideally situated near the Frankford Ave corridor, with easy access to popular spots like Front Street Café, La Colombe Coffee, El Bar, and Suraya. It’s also close to Original 13 Ciderworks, El Greco Pizza, Punch Buggy, Hancock Playground, New Liberty Distillery, Que Chula Es Puebla, and Germantown Pizzeria. Don’t miss this outstanding opportunity to be part of Olde Kensington’s exciting growth!

Location

State PA

County Philadelphia

Area 19122 (19122)

Zoning RES & MULTI

Exterior

Waterfront N

Water Access N

Garage N

Building

Lot Description Additional Lot(s)

Sewer No Sewer System

Water None

Schools

School District The School District Of Philadelphia

Others

Tax ID 885171820

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash

Horse Property N

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

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