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DEVELOPMENT OPPORTUNITY in PARKSIDE | 20 Unit Three Building Residential Enclave available for adaptive reuse in an underserved, yet percolating community poised for growth. This is a triple-wide very deep property 54’x181′ offering three shell buildings, Zoned RM1. The front two buildings are three-story brick structures 21’x70′ each with excellent lighting from courtyard windows throughout. An enclosed brick stair tower exists in the back of building 1233. The two-story commercial building 54’x90′ in the back of the property is a solid brick and concrete clear span structure with expansive open space and columns. It offers a central rollup door, concrete floors with 12′ concrete ceilings and sprinklers on both levels. Good lighting and windows exist in the front and back of this structure. The generous shape of the roof suggests that additional outdoor space can be created above ground level. This is a compelling structure that lends itself to a variety of floor plans and contemporary uses. ||||| Overall, the combined building area is 19,200 SF plus basement areas in the front buildings. So depending on the development plan, sufficient building area exists for 20 units: 8 units in the back building with 4 on each level; and 12 units in the front buildings with two units per floor, front and back. A central open area between these buildings offers the possibility of creating a gated secure courtyard leading to a proposed side entrance and staircase system located in the middle of the two front buildings. With a complete redevelopment plan, this property would be eligible for a ten-year property tax abatement. Note: The back building is presently used as an autobody repair shop on the ground level. ||||| Nice new contemporary commercial development offering charter schools, local banking, groceries, fitness, dining, and numerous personal care businesses to support modern lifestyles have opened nearby in the Parkside vicinity. And of course, there are many celebrated cultural destinations within the Belmont Plateau: like the Mann Music Center, the Please Touch Museum, the Japanese Gardens, the Horticultural Center, and the Centennial Arboretum. Furthermore, this location is steps from the Girard Avenue Corridor with excellent SEPTA transportation to Broad Street and Fishtown, and excellent SEPTA transit routes to University City and Center City destinations.

Property Details for 1229-1233 BELMONT AVE

1229-1233 BELMONT AVE is a 0.22 acre lot for sale in Philadelphia, PA 19104.

Exterior

Roof
Asphalt  /  Concrete

Heating & Cooling

Central Air
No
Cooling
None
Cooling Fuel
Electric
Heating
Forced Air
Heating Fuel
Natural Gas
Water Heater
None

Services

Water
Public
Sewer
Public Sewer
Available Utilities
Cable TV Available  /  Electric Available  /  Natural Gas Available

Parking

Parking
None

Building

Levels
3
Total SQFT
19200.00
Total Finished SQFT
4803
Above Grade Finished SQFT
4803
Net SQFT
19200.00
Property Sub Type
Townhouse
Accessibility Features
None
Other Structures
Above Grade  /  Below Grade

Construction

Year Built
1925
New Construction
No
Construction Materials
Brick  /  Masonry

Lot

Acres
0.22
Lot SQFT
9795.00
Zoning
CMX2
Land Use Code
PH0

Waterbody

Waterfront
No
View of Water
No
Waterbody Tidal
No

Community

Subdivision
PARKSIDE
County
PHILADELPHIA

Schools

School District
THE SCHOOL DISTRICT OF PHILADELPHIA

Address

Address
1229-1233 BELMONT AVE, PHILADELPHIA, PA 19104
Street Address
1229-1233 BELMONT AVE
City
PHILADELPHIA
Zip
19104
Latitude
39.97434998
Longitude
-75.21200562
Directions
Steps above Girard
State
PA

Pricing

Sale Type
Sale
Price
$1,290,000
Price Per SQFT
$67.19

Status

MLS ID
PAPH729128
Status
Active
Published Date
April 9, 2019
Modified Date
June 6, 2019 at 1:25 AM

Taxes & Assessments

City Tax
1363.00
County Tax
0.00
School Tax
1657.0
Tax Assessed Value
215700.0
Tax Lot
160
Tax Year
2019
City Tax Frequency
Annually
County Tax Frequency
Annually

Source

Agent
Charles Balducci
Agent Phone Number
2157988100
Office
Keller Williams Philadelphia
Data Source
Bright MLS
Data Disclaimer
Copyright 2018 Bright MLS, All Rights Reserved. Information deemed reliable but not guaranteed. The property information is provided for personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be offered for sale because they are for instance, under contract, sold or are no longer being offered for sale. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Bright MLS. Real estate listings held by brokerage firms other than Copper Hill Real Estate, LLC will include the name of the listing broker(s) when required by the MLS.