• Photos
  • Map
  • Street

For sale is a unique and rarely offered opportunity in one of the city’s hottest areas…East Kensington! This corner lot is now zoned CMX2 and is shovel ready (everything is ready to go) for a 2 level commercial space with 2 bi-level apartments/condos above with individual roof decks. The seller is willing to sell the plans for the price listed above, and allow you to complete the construction (seller has architect, builder, zoning attorney, and liquor attorney already in place and familiar with the project if buyer would like to work with them). Or, the seller is willing to build the structure and sell the completed project for a different price (inquire with listing agent for details). The seller has already presented to the East Kensington Neighbors Association and gained their support of the project. This area is a hotbed for residential development where it’s difficult to walk more than a block without seeing new construction. This is a great opportunity for a savvy investor/buyer to rent all 3 units (Airbnb is also an option), condo out the residential units and sell them off, or operate the commercial space and live in a unit above. Potential rents for the 2 bedroom units are $2,000/month each, with potential rent of $4,500/month for the commercial space. Lots of upside here! Please don’t hesitate with any questions/inquiries.

Property Details for 1901 E CUMBERLAND ST

1901 E CUMBERLAND ST is a 0.02 acre lot for sale in Philadelphia, PA 19125.

Exterior

View
City

Heating & Cooling

Central Air
No

Services

Water
Public
Sewer
Public Sewer

Commercial

Current Use
Vacant

Building

Total SQFT
0.00
Property Sub Type
Land
Other Structures
Above Grade  /  Below Grade

Construction

New Construction
No
Construction Complete
No

Lot

Acres
0.02
Lot SQFT
1071.00
Zoning
CMX2
Zoning Description
Variance received from city changing zoning to CMX2
Land Use Code
SR

Farm

Farm Land Preservation
No

Waterbody

Waterfront
No
View of Water
No
Waterbody Tidal
No

Community

Subdivision
KENSINGTON
County
PHILADELPHIA

Schools

School District
THE SCHOOL DISTRICT OF PHILADELPHIA

Address

Address
1901 E CUMBERLAND ST, PHILADELPHIA, PA 19125
Street Address
1901 E CUMBERLAND ST
City
PHILADELPHIA
Zip
19125
Latitude
39.98655701
Longitude
-75.12849426
Directions
Corner of Cumberland and Jasper
State
PA

Pricing

Sale Type
Sale
Price
$475,000
Price Per SQFT
$443.51

Status

MLS ID
PAPH809142
Status
Active
Published Date
June 19, 2019
Modified Date
September 25, 2019 at 2:12 PM

Taxes & Assessments

City Tax
71.00
County Tax
0.00
School Tax
86.0
Tax Assessed Value
11200.0
Tax Lot
66
Tax Year
2019
City Tax Frequency
Annually
County Tax Frequency
Annually

Source

Agent
Ryan C Garrity
Agent Phone Number
2155149424
Office
Copper Hill Real Estate, LLC
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.