1751 Tilghman St Philadelphia, PA 19122-3113

Property Details for 1751 Tilghman St

Year built

1935

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 lot acres

Property size

2,900 SF

Zone code

ICMX

Property type

Warehouses

APN

88-4-4651-55

APU

884465155

Description

This exceptional 2,900 square foot lot in Philadelphia's desirable Fishtown neighborhood presents a unique opportunity for development. Zoned ICMX, this property is approved for a luxury mixed-use development, encompassing ten residential units. The approved plans detail nine apartments above ground-floor commercial space, offering a mix of four one-bedroom, three two-bedroom, and two three-bedroom units, each boasting an average of 1,000 square feet. The nearly 1,000 square foot commercial space is ideal for a restaurant or retailer. This location is highly walkable and conveniently situated near the Market-Frankford El train (Berks Station), providing easy access to Center City and University City. The property is located within a Qualified Opportunity Zone (QOZ), offering significant tax advantages. A 10-year tax abatement is eligible, allowing for taxes to be paid on the assessed land value rather than improvements for that period. Detailed plans, permits, and pro forma are available upon request. This is a rare chance to acquire a prime development site in one of Philadelphia's hottest residential districts. Invest in this top-10 USA MSA and create a legacy asset.