4949 Wayne Ave Philadelphia, PA 19144
- Parking lots & garages
- 263 SF
- 0.10 lot acres
Current Use by Public Records
- Parking lots & garages
Property Details for 4949 Wayne Ave
- Lot size
- 0.10 lot acres
- Property size
- 263 SF
- Zone code
- CMX2.5
- Property type
- Parking lots & garages
- APN
- 88-5-1038-40
- APU
- 885103840
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1673
- Latitude
- 40.0255
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
