4507 Locust St

2,495 / 0.06
Lot Size / Acres

Description

Tremendous investment opportunity in University City. Extra large vacant lot zoned CMX-2 and measuring 22 x 113. Rarely available parcel on a prime, tree-lined block filled with 3-story, porch-front, Victorian homes. CMX-2 will permit ground floor commercial space plus 5 dwelling units. Strategically positioned between Spruce Hill & Walnut Hill with tons of commercial space on nearby 45th St. and Walnut St. Short walk to Market/Frankford El and of course take advantage of everything University City...Tremendous investment opportunity in University City. Extra large vacant lot zoned CMX-2 and measuring 22 x 113. Rarely available parcel on a prime, tree-lined block filled with 3-story, porch-front, Victorian homes. CMX-2 will permit ground floor commercial space plus 5 dwelling units. Strategically positioned between Spruce Hill & Walnut Hill with tons of commercial space on nearby 45th St. and Walnut St. Short walk to Market/Frankford El and of course take advantage of everything University City has to offer with regional anchors UPenn and Drexel University. Purchase with separately available parcel at 222-224 S. 45th St. and create one mega development. Incredible opportunity, will not last! Buyer responsibility to confirm all zoning/use options.
  1. Listed by Bryan J Capone • KW Empower
    P: (215)-962-7541 bryan@caponephillyre.com

Property Details for 4507 Locust Street

Tax ID Number
885551340
Ownership
Fee Simple
HOA
No
Waterfront
No
Garage
No
Municipality
PHILADELPHIA
Central Air
No
Construction Completed
No
LISTING UPDATED: 08/09/2024 01:16 PM

Property Details for 4507 Locust Street

StatusClosed
MLS #PAPH2286246
Days on Market209
Taxes$1,048 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand / Fee Simple
Year Built-
Lot Size0.06 AC
CountyPhiladelphia County

Location

Listing Courtesy of KW Empower

Sold By PA Realty Advisors LLC

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Building Information for 4507 Locust Street

Lot Size0.06 AC

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$1,976 per month

30 year fixed, 6.46% Interest

Principal and Interest

$1,888

Property Taxes

$87

HOA Dues

$0

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Property Information for 4507 Locust Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19139 (19139)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $74,900
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $0
  • City Town Tax: $473
  • Clean Green Assessed: No
  • Land Use Code: SC
  • Zoning: CMX2
  • School Tax: $575
  • Automatically Update Tax Values Y/N: Yes
Lot / Land Information
Farm Information
  • Farm Land Preservation Y/N: No
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 22.00 x 113.00
  • Lot Dimensions Source: Assessor
  • Current Use: Vacant
  • Parcel ID: 1214431
  • Additional Parcels: No
  • Ground Rent Exists: No
Utilities
Utilities
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 4507 Locust Street

DateEvent & SourcePriceAppreciation
Jul 26, 2024

Closed

BRIGHT #PAPH2286246

$375,000
May 11, 2024

Withdrawn

BRIGHT #PAPH2287458

May 3, 2024

Pending

BRIGHT #PAPH2286246

DateEvent & SourcePrice
07/26/2024

Closed

BRIGHT #PAPH2286246

$375,000
05/11/2024

Withdrawn

BRIGHT #PAPH2287458

05/03/2024

Pending

BRIGHT #PAPH2286246

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4507 Locust Street

Taxable ValueLand$74,900Additions-Total$74,900
Tax Record2025$1,048 ($87 / month)
Home Facts
Lot Size2,495 SqFtStyleCommercialZoningCMX2CountyPHILADELPHIAAPN88-5-5513-40

Schools near 4507 Locust Street

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - K to 12
Public - 9 to 12
Rating
School
Distance
Penn Alexander School
PublicK to 8

West Philadelphia High School
Public9 to 12

Widener Memorial School
PublicK to 12

Arts Academy at Benjamin Rush
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of KW Empower

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.