346 W Queen Lane, Philadelphia, PA 19144-4010 $699,999
Description
QUEEN'S COMMONS: Zoning-approved multifamily development opportunity in NWPHL (Northwest Philadelphia), straddling two (2) in-demand neighborhoods: East Falls and Germantown. This value engineered proposed development features 5 floors of wood frame construction with 21 units throughout ±19,697 SF with ground floor commercial space, storage, fitness center, amenity space and green roof terrace atop the building showcasing sensational views of the Philly skyline. This boutique, elevator building will feature sixteen (16) 1bd x 1ba apartments and four (4) 2bd x 2ba apartments. This prominent site benefits from 52’ of frontage totaling roughly ±4,380 SF or prime urban land. Easy access to East Falls borough amenities, breweries, shops and restaurants, as well as Queen Lane Septa Station (regional rail), Germantown Cricket Club, Germantown Friends School, William Penn Charter School and Thomas Jefferson University, as well as downtown Germantown. Purchase this approved real estate in a Top-10 USA MSA today and plant your company’s flag in PHL. Enquire within for PPP (pro forma, permits, plans). 10 year tax abatement-eligible. Pay taxes on assessed land value for 10 years rather than the improvements (21 unit building). This area is poised for above-average rent growth and appreciation and is surrounded by progressive new development in every direction. Make your move.
Lot Dimens: 0.0 x 0.0
Front Footage:
School Dist: Philadelphia City
Condo Assoc: No
Features
Utilities
Public Water, Public Sewer
Lot
Urban, City View
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Public Elementary (138 schools)
Public Middle (28 schools)
Public High (60 schools)
Private (128 schools)
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This report is a detailed community overview for Philadelphia (19144), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 34
- Average salary of people in this community: $43,662
Community Summary
- Population Density (ppl / mile): 12,730
- Household Size (ppl): 2.25
- Households w/ Children: 50%
Housing Inventory
- Owned: 7,185 (32.2%)
- Rented: 11,345 (50.8%)
- Vacant: 3,788 (17.0%)
- Total: 22,318
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 2.5%
- Some High School: 12.2%
- High School Graduate: 28.3%
- Some College: 18.1%
- Associate Degree: 6.7%
- Bachelor's Degree: 17.5%
- Graduate Degree: 14.8%
Income by dollar range
Median Income: $34,075
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $734
- One Bedroom: $847
- Two Bedroom: $1,076
- Three Bedroom: $1,080
- Four Bedroom: $1,090
© 2024 LiveBy. All Rights Reserved.
Contact Information
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Listing Courtesy of: Keller Williams Liberty Place , (609) 399-5454, paul@teamoceanside.com
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Listing data as of 11/24/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.