
Listed by Century 21 Advantage Gold Elkins Park
$1,000,000
1970 E Chelten Ave
Details
Property Type Special Purpose
Sub Type Other
Square Footage 9,000
Year Built 1925
Acreage 0.680
Zoning RSA3
Parking Spaces 20 spaces
Parking per 1,000 SqFt 2.22
Special Purpose | 9,000 SqFt
Marketing description
Price Reduction !!! Prime Development Opportunity -- Large Parcel in Ogontz, Philadelphia Located in the Rapidly Evolving Ogontz Section of Philadelphia, 1970 Chelten Ave Presents a Rare Opportunity for Investors and Developers to Acquire a Sizable Property With Strong Redevelopment Potential. Situated on a Large Lot, This Property Offers the Scale and Flexibility That is Increasingly Difficult to Find in the Area. The Existing Structure, Currently Configured as a Church, Provides a SOLID Footprint for Adaptive Reuse or Full Redevelopment. This Asset is Ideal for a Variety of Potential Uses, Including: Multifamily Residential Development, Mixed-use Conversion (Residential + Commercial), Community Facility, School, or Daycare, Event or Institutional Space the Surrounding Area Continues to See Ongoing Residential Growth and Investment, Making This a Strategic Acquisition for Developers Seeking to Capitalize on Neighborhood Momentum. Key Highlights: Expansive Lot Size With Redevelopment Upside, Existing Structure Suitable for Conversion or Teardown, Strong Candidate for Value-add Repositioning, Convenient Access to Major Roadways, Public Transportation, and Neighborhood Amenities Buyers Are Responsible for Conducting Their Own Due Diligence Regarding Zoning and Intended Use. Seller is Open to Discussions With Qualified Purchasers. Unlock the Potential of This Underutilized Asset and Bring Your Vision to Life in One of Philadelphia's Emerging Corridors. As-is Condition. All Offers Will Be Presented. Schedule Your Tour Today!
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Listed by Century 21 Advantage Gold Elkins Park
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