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    1314 Carlisle St Philadelphia, PA 19121

    For Sale
    $1,350,000

    QOZ-Approved Multifamily Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 3,144 sq ft lot in Philadelphia, PA (APN 881000388), offers a shovel-ready opportunity to develop a 14-unit luxury apartment building. Located in a Qualified Opportunity Zone (QOZ), this fee-simple property benefits from a potential 10-year tax abatement. Situated at the convergence of three thriving submarkets – North Broad District, Francisville, and Temple University – it enjoys high demand from young professionals and students. The site's transit-oriented location, a short walk from the Septa North Broad (Girard Avenue) station, adds significant appeal. Detailed plans and permits are currently in progress, ensuring a streamlined development process. This prime location, near bustling commercial corridors and downtown amenities, presents a boutique luxury development opportunity with strong curb appeal. The address is 1314 N Carlisle St, Philadelphia, PA 19121. The asking price is $1,350,000.

    Property Features for 1314 Carlisle St

    General Information

    Property type
    Land

    HighLights

    • Shovel‑ready multifamily development site in Philadelphia.
    • Qualified Opportunity Zone (QOZ) property.
    • Plans and permits in progress for a 14‑unit luxury apartment building.
    • Excellent location at the intersection of three desirable submarkets: North Broad District, Francisville, and Temple University.
    • Eligible for a 10‑year tax abatement.
    • Transit‑oriented development (TOD), four blocks from the Septa North Broad (Girard Avenue) station.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.160136
    Latitude
    39.9738802

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    FAQs

    What type of property is this?
    Land - QOZ-Approved Multifamily Land
    Where is this land located?
    The property is located at 1314 Carlisle St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Shovel-ready multifamily development site in Philadelphia.; Qualified Opportunity Zone (QOZ) property.; Plans and permits in progress for a 14-unit luxury apartment building.
    Request Owner's contact information
    1314 Carlisle St Philadelphia, PA 19121
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    Philadelphia, PA 19121
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1314 Carlisle St Philadelphia, PA 19121
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