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990 W Tabor Rd
Philadelphia, PA 19141 Logan-Ogontz-Fern Rock

Price Upon Request

Land For Sale  •  0.5 AC

Property Details

  • Property Type Land
  • Lot Size 0.5 AC
  • Zoning CMX2
90 Transit Score
80 Walk Score

Description

Excellent investment opportunity awaits at 990 W Tabor St, where 77 proposed units can be built without the need for a zoning variance. This prime 16,940 square foot commercial lot, adjacent to Einstein Hospital, offers a "By-Right" development opportunity, ensuring a streamlined process for potential developers. Benefit from a 10-year Tax Abatement and capitalize on the property's location within a Federal Opportunity Zone, unlocking potential tax incentives for savvy investors. Positioned amidst a robust medical employment hub, with institutions like Einstein Medical Center, Temple University Hospital, and Shriner’s Hospital for Children nearby, this location promises steady demand from medical professionals and staff. Convenient access to public transportation further enhances the property's appeal, with SEPTA’s Fern Rock Transportation Center just a short walk away. This strategic location ensures easy commuting for future residents, with a mere 20-minute ride to Center City Philadelphia. Seize the opportunity to develop 77 apartment units on this vacant land, strategically located in the Olney Section of Philadelphia. With CMX-2 zoning in place, new ownership can move forward confidently in creating a thriving residential community near major employment centers. Don't miss out on this exceptional chance to invest in the growth potential of the Tabor Road Multi-Family Development Site.

Highlights

990 W Tabor Road consists of a 0.5-acre corner parcel of raw land zoned CMX-2, supporting the development of mixed-use and residential.
Prime location 10 miles north of the Philadelphia Center City, blocks from the La Salle University campus and the Einstein Medical Center.
By-right development site within Philadelphia County’s Opportunity Zone, ready for 77 multifamily units; 142,800+ households in the 3-mile radius.
Logan, an urban core neighborhood of the city, mixes the energy of a vibrant college atmosphere with a historic, small-town feel.
Greater Philly offers educational/medical institutions, diversified employment, a Northeast Corridor location, & ongoing infrastructure investment.
Absolute auction | Starting bid $1

Public Transportation

Commuter RailDriveWalkDistance
2 min 15 min 0.4 mi
Olney (R8 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 3 min 17 min 0.9 mi
Transit/SubwayDriveWalkDistance
Fern Rock Transportation Center (R1 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R3 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R5 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 2 min 15 min 0.4 mi
Olney (Broad Street Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 2 min 9 min 0.5 mi
Fern Rock Transportation Center (Broad Street Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 3 min 11 min 0.6 mi
Logan (Broad Street Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 3 min 14 min 0.7 mi
Olney (R8 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 3 min 17 min 0.9 mi
AirportDriveWalkDistance
Philadelphia International 34 min - 18.4 mi
Trenton Mercer 48 min - 27.8 mi
Moshe Adika 267-210-3080 TCS Management Services
Moshe Adika 267-210-3080 TCS Management Services