Listed by MPN Realty, Inc.
$365,000
514-18 Berks Street
Details
Property Type Land
Sub Type Residential
Lot Size (SqFt) 2,800
Zoning CMX-2
Land | 2,800 SqFt
Marketing description
MPN Realty, Inc. is pleased to present the exclusive sale of 514-18 Berks Street, a development opportunity in
the Norris Square neighborhood of Philadelphia. The seller has obtained zoning approval for a 4-story building,
with twelve residential units. The site is very well-located along the Berks Street commercial corridor, among
several multi-family and mixed-use developments, and in close proximity to Temple University.
The Property is located in a
Qualified Opportunity Zone (QOZ), which provides an immediate benefit to
investors of deferring payment of capital gains tax that would be paid, until 2026.
Mixed Income Overlay District, which provides for affordable
housing requirements
Listing Contacts
Listed by MPN Realty, Inc.
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