5406 Master St Philadelphia, PA 19131
- Commercial land
- 0.07 lot acres
Current Use by Public Records
- Commercial land
Property Details for 5406 Master St
- Lot size
- 0.07 lot acres
- Zone code
- RSA5
- Property type
- Commercial land
- APN
- 88-5-9505-40
- APU
- 885950540
Description
This exceptional 27,935 square foot commercial and residential lot presents a remarkable investment opportunity in Philadelphia's thriving Carroll Park neighborhood. Located at the corner of Master and Conestoga Streets, this expansive property (including 5406, 5408, 5410-12, and 5414-22 Master St, and 1331 N Conestoga St) is zoned RSA-5 and offers significant potential for various development projects. The area is experiencing a surge in multi-family residential construction, driven by its proximity to major universities, including the University of Pennsylvania and Drexel University, both within approximately 3 miles. Convenient access to public transportation, including the SEPTA Market-Frankford Line at 52nd Street Station and numerous bus routes, further enhances its appeal. The location also benefits from proximity to renowned healthcare facilities like Penn Presbyterian Medical Center and Children's Hospital of Philadelphia, as well as cultural attractions such as the Philadelphia Zoo and Fairmount Park. The 52nd Street commercial corridor provides ample amenities and services, while easy access to I-76 and US Route 1 ensures excellent connectivity. This property represents a unique chance to capitalize on the neighborhood's ongoing revitalization and strong demand for housing. The asking price is $949,900. Broker co-op is available.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.2296
- Latitude
- 39.9736
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
