702 Oak Lane

For Sale

• ​Existing Structures: Two
• ​Multi-Family: 6 units total (all units separately metered)
• ​Garage/Storage: 3 units
• ​Central HVAC, Gas, Public Sewer, W/D in units
• ​Purchase Terms: “As-Is”, “Where Is”
• ​Condition: Value-Add
• ​Lot Dimensions: 55' x 200'
• ​Street Frontage: 55' along Oak Lane (easement on N. 7th St.)
• ​Easement: shared with 700 Oak Lane, and accesses the back structure
• ​Taxes: $5,523
• ​Mosaic Brokerage Group is pleased to offer this opportunity to acquire 702 Oak Lane Philadelphia Pa 19126. The 11,066 SF parcel encompasses two, distinct structures:
• ​Front Structure: 3-story, 4-unit apartment building totaling 4,892 SF, Renovated in 2015
• ​Rear Structure: A mixed-use building with 2 apartments situated above 3 garage/storage units    

• ​The CMX-2 zoning designation allows for flexibility, making this property ideal for a variety of approaches, including, but not limited to:
• ​Renovating Both Existing Structures: Restore and modernize the current buildings to maximize their rental or resale value.
• ​Partial Redevelopment and New Construction: Renovate the front structure while demolishingthe rear structure to make way for a new multifamily development on the rear portion of the lot
• ​Full Redevelopment: Demolish both structures and construct a new multifamily building that utilizes the entire lot to its full potential.