MLS® ID: PAPH803614
1102 E COLUMBIA AVENUE
PHILADELPHIA, Pennsylvania, 19125 $849,900
ATTENTION DEVELOPERS! - 1102-1104 Colombia Ave - This planned 8 unit development site will contain 19 Beds and 18.5 baths consisting of a 4BD 4BA 2251 sq ft penthouse with a 435 sq ft roof deck, two 1657 sq ft 3BD 3BA units one with a massive 647 sq ft roof deck, a 3BD 2BA (1427 sq ft), a 2BD 2.5BA (1330 sq ft w 647 sq ft roof deck) , two 2BD 2BA residential units(1069 & 1114 sq ft), and one 2018 sq ft bi-level commercial space. Eight units total. The property is a designed with great outdoor space for most of the residential tenants and added basement space for the commercial tenant. This is a "shovel ready project by right" plans and building permits are in hand, you can begin construction on the site the day after settlement. This project was designed for maximum efficiency by an over qualified development team. 8400 sq. ft. 2 stry light industrial building currently occupies site which could be reused if developer wishes to go with different concept through additional variances. Construction costs will be more than manageable, no over engineering here. This project also falls within one of Philadelphia's qualified opportunity zones, the incentives for which are worth contacting your accountant on, along with this added benefit, the property also will have a ten year tax abatement. This one of the hottest blocks in Fishtown with new developments in all directions, all of which has been completed or started within the last 2 years. Do not miss the perfect opportunity to buy in on what will be a great investment for years to come.