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    4949 Wayne Ave Philadelphia, PA 19144

    For Sale
    $750,000

    Philadelphia Commercial Land, 20 Units Approved

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 4,546 square foot commercial land parcel, located at 4949 Wayne Avenue in Philadelphia, Pennsylvania (zip code 19144), presents a unique investment opportunity. Currently zoned CMX-2.5, the property has already received approval for the construction of a 20-unit multifamily development, catering to the increasing demand for housing in this vibrant area. Its strategic location offers easy access to public transportation, making it convenient for residents. Furthermore, the property's proximity to numerous amenities, including cafes ideal for business meetings, and opportunities for outdoor recreation, enhances its appeal and potential rental income. The site is situated in a thriving Philadelphia neighborhood, providing investors with a strong foundation for a successful project. This prime location offers significant growth potential, making it an attractive proposition for developers seeking to capitalize on the flourishing Philadelphia real estate market. The asking price for this exceptional development opportunity is $750,000. This is a rare chance to acquire a fully approved site ready for immediate development in a high-demand area. Don't miss this chance to build your next successful project.

    Property Features for 4949 Wayne Ave

    General Information

    Property type
    Land

    Building Details

    Units
    20

    HighLights

    • Prime location for multifamily or high‑rise development.
    • Walkable to abundant amenities.
    • Excellent proximity to outdoor recreation.
    • Convenient walk to cafes, ideal for business meetings.
    • Easy access to public transit.
    Property Profile Insight Report 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
    -75.167453337113
    Latitude
    40.025529281832

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    FAQs

    What type of property is this?
    Land - Philadelphia Commercial Land, 20 Units Approved
    Where is this land located?
    The property is located at 4949 Wayne Ave Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Prime location for multifamily or high-rise development.; Walkable to abundant amenities.; Excellent proximity to outdoor recreation.
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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
    4949 Wayne Ave Philadelphia, PA 19144
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