4050 Ludlow StPhiladelphia, PA 19104

This exceptional 9,503 square foot commercial land parcel, located at 4050 Ludlow St in Philadelphia, Pennsylvania (zip code 19104), presents a unique investment opportunity. Currently zoned CMX4, the property boasts pre-approved plans for the construction of a 97-unit residential building. This "shovel-ready" status significantly reduces development timelines and associated costs, making it an attractive proposition for experienced developers. Situated in the heart of University City, this location benefits from the proximity to major institutions including the University of Pennsylvania, Drexel University, and Children's Hospital of Philadelphia. The high demand for multi-family housing in this area, fueled by the continued expansion of these institutions and the School of Science, ensures strong potential rental income and a high return on investment. The asking price for this prime development site is $6,000,000. This represents a compelling opportunity to capitalize on the robust growth and increasing population density of University City. All necessary approvals are in place, allowing for immediate commencement of the project. The property's strategic location and the pre-approved plans make this a truly exceptional investment opportunity in a rapidly developing area of Philadelphia.