2101-09 Westmoreland St Philadelphia, PA 19134
- Apartment buildings
- 42,635 SF
Current Use by Public Records
- Apartment buildings
Property Details for 2101-09 Westmoreland St
- Property size
- 42,635 SF
- Property type
- Apartment buildings
Description
Exceptional redevelopment opportunity in Philadelphia, PA, featuring two buildings totaling 59 units. This Class A multifamily property, located at 2101-09 E Westmoreland Street, boasts 42,635 square feet across two four-story buildings situated on a 19,166 square foot lot. Building #1 comprises approximately 42,825 square feet with 48 market-rate units and 33,519 square feet of leasable space, while Building #2 offers approximately 12,033 square feet with 11 market-rate units and 9,137 square feet of leasable space. The property includes 18 leasable parking spaces, including one ADA-compliant space. A significant advantage is the remaining 24-month builder abatement and a 10-year, 100% tax abatement currently in place. The property is zoned ICMX (Industrial Commercial Mixed-Use) by the City of Philadelphia. All necessary civil engineering and architectural plan approvals are secured, and geotechnical and environmental reports are available for review. This is a turnkey opportunity for investors seeking a high-return multifamily asset in a desirable Philadelphia location. APN: 884201435.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.107
- Latitude
- 39.9936
