5116-18 WAKEFIELD Street Philadelphia, PA 19144

Listing Agency BMB Living, Inc. i***@rentscene.com Show Phone

1500 John F Kennedy Boulevard unit: 1510, Philadelphia, PA

Listed by Marvis Burns · License #RS323408 Show Phone

Added: May 21 Checked: Jul 19 at 7:06 am

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MLS# PAPH2624778 Listing URL

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Investment Insights

Based on property information with market context.

This is a rare development opportunity in the heart of Philadelphia. Located at 5112 Wakefield St in the Germantown section, this offering includes two side-by-side vacant lots, each measuring 25x50, with 2,625 square feet per lot for a total of 5,250 square feet. The land is flat, industrial, and currently vacant, providing a clean slate for development without the need for demolition or extensive site work. Zoned residential (R), the property presents strong upside potential, with plans to pursue a zoning change that would allow for the construction of two triplexes-creating a six-unit residential complex. This setup offers an excellent opportunity for investors and developers looking to maximize density and returns in a growing Philadelphia neighborhood. With its straightforward lot configuration and development potential, this property is well-suited for a multi-unit residential project designed to meet increasing housing demand. Conveniently located near public transportation, neighborhood amenities, and major roadways, this site combines accessibility with long-term investment potential. The property is 0.1205 acres.

Key Highlights

• Two side‑by‑side vacant lots at 5112 Wakefield St (Germantown), each 25x50
• 5,250 total SF of flat, industrial land with no current structures to demolish
• Zoned residential (R); planned zoning change would allow construction of two triplexes

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FAQs

What type of property is this?

Residential land & home lot - Two adjacent vacant lots in Germantown, Philadelphia.

Where is this residential land & home lot located?

The property is located at 5116-18 WAKEFIELD Street Philadelphia, PA.

What is the asking price?

The asking price for this property is $85,000.

What are key features of this property?

This property features: Two side‑by‑side vacant lots at 5112 Wakefield St (Germantown), each 25x50; 5,250 total SF of flat, industrial land with no current structures to demolish; Zoned residential (R); planned zoning change would allow construction of two triplexes