Active

1717-19 Mount Vernon St

Philadelphia PA, 19130

$1,650,000


$117.86 per sqft

Active

14,000 sqft

Commercial

Built in 1920

Prime Development Opportunity in the Fairmount Section of Center City Philadelphia! Shovel ready with permits! The 19130 zip code is one of the hottest in the nation, offering incredible potential for savvy developers. This project is fully approved and provides the opportunity to build 9 luxury condominiums or 9 high-end apartments, making it an excellent investment with significant ROI potential. All of the hard work is done, the owner spent many months and lots of capital getting this project approved and ready to be developed!! Resale condominiums in the area command prices of $600 per square foot!The property includes an existing building and a spacious vacant lot, perfect for maximizing your development vision. Additionally, you can take advantage of Bonus Depreciation to optimize your financial returns. Fairmount is celebrated for its vibrant cultural scene, historic charm, and proximity to some of Philadelphia's most iconic landmarks, including the Philadelphia Museum of Art, Fairmount Park, and the Schuylkill River Trail. Residents enjoy a highly desirable urban lifestyle, with easy access to local cafes, fine dining, boutique shopping, and convenient public transportation. Don't miss this incredible opportunity to bring your vision to life in this thriving, centrally located community. Taxes and Square footage is the responsibility of the buyer to have verified independently.

PAPH2439812

MLS ID

January 29, 2025

Listed

February 21, 2025

Updated

Interior Features

Appliances

Electric Water Heater


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Radiant, Natural Gas

Exterior/Building Features

Lot Size

0.1 Acres


Sewer

Public Sewer

Other Property Details

Area Name

PHILADELPHIA


Taxes

$13,809


Tax Frequency

Annually


Days on Market

24


Garage

No


View

No


County

PHILADELPHIA


Water Source

Public


Pool

No

Listing History

Date

Event

Price

2/7/2025

Price change

$1,650,000

-6%

Listed by KW Empower
Listing Contact: 4844296769 

The IDX display contains information sourced from the Bright MLS, Inc. as of 2/21/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 2/21/2025 at 1:37 PM UTC

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