1423 Susquehanna AvePhiladelphia, PA 19125

For Sale
$535,000

Rare 2,222 sq ft lot, prime Fishtown location.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Fishtown property offers a unique development opportunity. The 2,222 square foot lot, zoned RSA5, features a street-to-street configuration on East Susquehanna Avenue in Philadelphia, PA 19125. Currently, the site includes a dilapidated house and a detached garage. Preliminary plans for subdivision and new construction of two buildings have been drawn, although not yet approved. Zoning for subdivision has been submitted. The lot's 18-foot width presents a rare find in this highly desirable neighborhood. The potential exists to create two separate buildings, capitalizing on strong new construction sales in the area. This prime location near "The Point" offers easy access to Fishtown's vibrant restaurants, cafes, shops, and parks. The asking price for this fee simple ownership is $535,000. The estimated resale value for each of the two potential new constructions is $850,000. This presents a compelling investment opportunity for developers seeking a prime location and significant upside potential. The property is sold as-is.

Highlights

  • Exceptional Fishtown development opportunity: 2,222 sq ft lot, zoned RSA5, street-to-street configuration on East Susquehanna Ave, Philadelphia, PA 19125.
  • Preliminary subdivision plans exist, zoning application submitted, but plans are not yet approved.
  • Strong new construction sales in the area indicate high potential resale value.
  • Asking price: $535,000; estimated resale value per new construction: $850,000.

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9757391
Longitude
-75.1265354
1423 Susquehanna Ave, Philadelphia, Pennsylvania

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1423 Susquehanna Ave
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