1611 29th St Philadelphia, PA 19145-1203

This exceptional 0.16-acre (7,261 square foot) commercial land parcel presents a unique development opportunity in Philadelphia's Grays Ferry neighborhood. Located at 1611 S 29th Street, this property boasts 153 feet of frontage on 29th Street, with overall dimensions of 153' x 47'. The site is fully permitted and approved for the construction of ten three-story single-family luxury homes, complete with ten-year tax abatements. Zoned CA-1 – Auto-Oriented Commercial (City of Philadelphia), this versatile lot offers significant potential for various commercial ventures. The lot has been divided and assigned separate tax identification numbers. Situated within a Philadelphia Opportunity Zone, this location offers attractive tax advantages. Estimated 2023 taxes are $3,360 (City of Philadelphia). Enjoy convenient access to major transportation arteries, including I-76, Route 1, and Broad Street. The property's proximity to Lanier Park, less than two miles from City Hall, and one mile from Penn Medicine, adds to its desirability. This is an exceptional opportunity to capitalize on the vibrant growth of South Philadelphia.