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Listed by Eugene Zlotnikov • Acquisition Team LLC
$ 1,150,000
Est. payment | /mo
2,045 Sqft Lot
$ 1,150,000
Est. payment | /mo
2,045 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2630726
HOA Y/N N
Annual Tax Amount $4,107
Tax Year 2022
Lot Size 2,045 Sqft
Acres 0.05
Lot Dimensions 20.00 x 102.00
Property Sub-Type Land
Source BRIGHT
Property Description
Fully approved and entitled mixed-use development opportunity in Philadelphia's highly sought-after Fairmount neighborhood. Situated along the rapidly evolving Ridge Avenue corridor, this rare shovel-ready project offers investors and developers the ability to break ground immediately in one of the city's most desirable residential and mixed-use markets.
The site is strategically positioned with convenient access to Center City, the Philadelphia Museum of Art, University City, and several of Philadelphia's most vibrant neighborhoods. Its central location continues to attract strong demand from professionals, healthcare workers, graduate students, and long-term market-rate tenants seeking an urban lifestyle with neighborhood charm.
With a projected end value approaching $5 million, the project presents a compelling opportunity to capitalize on Philadelphia's ongoing growth and limited supply of fully entitled development sites. As development opportunities become increasingly scarce in prime locations, 1640 Ridge Avenue stands out as a true gem—offering certainty, scale, and immediate execution potential.
Pro Forma, Plans, and Permits available upon request.
The site is strategically positioned with convenient access to Center City, the Philadelphia Museum of Art, University City, and several of Philadelphia's most vibrant neighborhoods. Its central location continues to attract strong demand from professionals, healthcare workers, graduate students, and long-term market-rate tenants seeking an urban lifestyle with neighborhood charm.
With a projected end value approaching $5 million, the project presents a compelling opportunity to capitalize on Philadelphia's ongoing growth and limited supply of fully entitled development sites. As development opportunities become increasingly scarce in prime locations, 1640 Ridge Avenue stands out as a true gem—offering certainty, scale, and immediate execution potential.
Pro Forma, Plans, and Permits available upon request.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning CMX25
Exterior
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District Philadelphia City
Others
Tax ID 885143960
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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