Pending
5139 Wayne Ave
Philadelphia PA, 19144
$1,095,000
$87.27 per sqft
Pending
0.29 Acres
Land
Select Commercial Advisors is pleased to present the opportunity to acquire and develop a multifamily residential 4-story elevator-serviced building with a green roof featuring +/- 34,500 square feet across 48 apartment units. The project will be delivered with a fully approved set of zoning and building permits. The site received the full 10-year Tax Abatement in 2021, meaning that the value of improvements is 100% abated for 10 years after construction. With expertly value-engineered plans, the project offers attractive unit layouts in a cost-effective design. As the Germantown/Wayne-Junction rental real estate market flourishes, take advantage of an entitled development opportunity in one of the city's most dynamic neighborhoods! Broker of record has financial interest. Inquire for detailed offering memorandum and permit set.
PAPH2418608
MLSⓇ ID
November 12, 2024
Listed
November 27, 2024
Updated
Map
5139 Wayne Ave
Philadelphia PA, 19144
Exterior/Building Features
Lot Size
0.29 Acres
Sewer
Public Sewer
School Information
School District
PHILADELPHIA CITY
Other Property Details
Area Name
PHILADELPHIA
Taxes
$1,153
Tax Frequency
Annually
Days on Market
16
Garage
No
View
No
County
PHILADELPHIA
Water Source
Public
Pool
No
Zoning
Fully entitled for 48 residential units
Listing History
Date | Event | Price |
|---|---|---|
11/27/2024 | Pending | — |
Listed by Select Commercial Advisors
Listing Contact: 2153153326
The IDX display contains information sourced from the Bright MLS, Inc. as of 11/27/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 11/27/2024 at 11:47 AM UTC
