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    2811 Kingston St Philadelphia, PA 19134

    For Sale
    $1,700,000

    17-Unit Townhouse Project, Approved Plans

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 19,946 square foot development site in Philadelphia's Port Richmond neighborhood presents a unique investment opportunity. Located at 2811 Kingston Street, this fully approved residential project boasts pre-approved plans and permits for a seventeen-unit townhouse community. Each unit is designed as a spacious four-bedroom, three-and-a-half-bathroom home exceeding 2000 square feet, complete with garage and driveway parking, plus rooftop terraces. The property benefits from an RSA5 zoning designation and is situated on a prominent corner lot. Port Richmond is experiencing rapid growth in residential demand, offering convenient access to downtown Philadelphia and excellent public transportation links to Pennsylvania, New Jersey, and New York. This Qualified Opportunity Zone (QOZ) property includes a ten-year tax abatement, providing significant financial advantages. The comprehensive package includes plans, permits, and a pro forma financial analysis available upon request. This is a turnkey opportunity to capitalize on the QOZ benefits and build a high-value residential community in a thriving Philadelphia neighborhood. Note that the rendering is for illustrative purposes only. The asking price is $1,700,000.

    Property Features for 2811 Kingston St

    General Information

    Property type
    Land

    HighLights

    • 19,946 SF development site in Philadelphia's Port Richmond neighborhood.
    • Fully approved 17‑unit townhouse project with pre‑approved plans and permits.
    • Each unit features four bedrooms, three‑and‑a‑half baths, over 2,000 SF, garage, driveway parking, and rooftop terrace.
    • RSA5 zoning, prominent corner lot, Qualified Opportunity Zone (QOZ) with ten‑year tax abatement.
    • Asking price: $1,700,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -75.0922566
    Latitude
    39.9873439

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    FAQs

    What type of property is this?
    Land - 17-Unit Townhouse Project, Approved Plans
    Where is this land located?
    The property is located at 2811 Kingston St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: 19,946 SF development site in Philadelphia's Port Richmond neighborhood.; Fully approved 17-unit townhouse project with pre-approved plans and permits.; Each unit features four bedrooms, three-and-a-half baths, over 2,000 SF, garage, driveway parking, and rooftop terrace.
    Request Owner's contact information
    2811 Kingston St Philadelphia, PA 19134
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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
    2811 Kingston St Philadelphia, PA 19134
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