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

$625,000 USD

Land For Sale  •  0.49 AC

Property Details

  • Property Type Land
  • Lot Size 0.49 AC
  • Zoning CMX2
82 Transit Score
86 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.

Public Transportation

Commuter RailDriveWalkDistance
Fern Rock Transportation Center (Lansdale/Doylestown Line - SEPTA, R1 - SEPTA, R2 - SEPTA, R3 - SEPTA, R5 - SEPTA, Warminster Line - SEPTA, West Trenton Line - SEPTA) 1 min 14 min 0.4 mi
Olney (R8 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 2 min 16 min 0.9 mi
Transit/SubwayDriveWalkDistance
Olney (Broad Street Line - SEPTA) 2 min 9 min 0.5 mi
Fern Rock Transportation Center (Broad Street Line - SEPTA) 2 min 11 min 0.6 mi
Logan (Broad Street Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 2 min 14 min 0.7 mi
AirportDriveWalkDistance
Philadelphia International 33 min - 18.4 mi
Trenton Mercer 47 min - 27.7 mi
Moshe Adika 267-210-3080 TCS Management Services
Moshe Adika 267-210-3080 TCS Management Services