$875,000

Development Opportunity in West Philadelphia's Qualified Opportunity Zone. Offered at $875,000. A 10,000+ sq ft corner development site at Lancaster Ave and Belmont Ave, connecting University City to City Line Ave. This CMX-2 zoned assemblage is seven parcels: 4401, 4421, 4423, 4425 and 4427 Lancaster Ave and 892 and 894 Belmont Ave, totaling approximately 10,084 sq ft of land. Development Highlights: CMX-2 zoning allows for by right mixed use development. Conceptual plans for 25 to 30 residential units with commercial on the ground floor, with a path to 40 to 55 units through green roof and affordable housing bonuses and a height variance, depending on City approvals. Corner site with double frontage and strong walkability. Located in a Qualified Opportunity Zone. Buyers should consult their own tax advisor. Transit Oriented Location: Immediate access to SEPTA trolley and bus routes. Minutes to University City, Center City and the Main Line. Easy access to Route 1, City Ave and I-76. The property is not entitled and the site is not cleared. Conceptual plans are concepts only and have not been approved. Offering memorandum, zoning analysis and preliminary architectural work available upon request. Delivered as is. Buyer is responsible for their own due diligence.