643 N Preston St,PHILADELPHIA, PA 19104
PHILADELPHIA, PA 19104
Description
Located in the heart of Philadelphia's booming University City neighborhood, this is an exceptional opportunity for investors, developers, and builders to capitalize on one of the city's fastest-growing areas. Positioned along the highly visible Lancaster Avenue commercial corridor, the property offers incredible potential for redevelopment and long-term appreciation. There are so many new constructions on the block; come and be the next developer. The work has been made easy for you. The building has already been framed for a three-unit layout, featuring spacious two-bedroom units on the second and third floors. The first floor was previously approved for restaurant use, though buyers should verify the current status of any permits with the city. Surrounded by strong rental demand driven by students from Drexel University and the University of Pennsylvania, as well as young professionals, this location is primed for continued growth. The ongoing expansion of Schuylkill Yards is expected to further transform the area and increase property values for years to come. Whether you're looking to develop 3 apartments or create a mixed-use investment property, this property presents endless possibilities in a rapidly appreciating market. No power in the building. So, please bring a flashlight with you. Don't miss this rare investment opportunity - submit your offer today!
Details
| MLS # | PAPH2621198 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract-bright |
| Year | 1925 |
| Days On Site | 129 |
| Listing Provided By | Keller Williams Realty Group | Eric D Feinberg |
Features
| SQ Feet | 2,580 |
|---|---|
| Basement | Y |
| Units | 3 |
| Zoning | RM1 |
| Acreage | 0.03 |
| Property View | Street |
Interior
| Cooling | None |
|---|---|
| Heating | None |
| Interior Features | Other |
Exterior
| Exterior Features | Sidewalks, Street Lights |
|---|---|
| Construction Materials | Masonry |
| Foundation Details | Concrete Perimeter |
| Lot Features | Rear Yard |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 1979 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19104 |
| Area | 19104 (19104) |
| Community Name | UNIVERSITY CITY |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in UNIVERSITY CITY) | |
Price: $250,000 low | high Med: $2,550 sqft: 2,580 low | high Med: 897 $ / sqft: $97 low | high Med: $3 On site: 129 low | high Med: 82 | |
Market Activity 19104
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19104 |
| Area | 19104 (19104) |
| Community Name | UNIVERSITY CITY |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in UNIVERSITY CITY) | |
Price: $250,000 low | high Med: $2,550 sqft: 2,580 low | high Med: 897 $ / sqft: $97 low | high Med: $3 On site: 129 low | high Med: 82 | |
