2401-25 North 2nd Street

Philadelphia, PA 19133

$4,800,000
Price
27,280 / 0.63
Lot Size / Acres

Description

2401-25 N 2nd Street is a 27,280 square-foot SHOVEL READY development site fronting on 3 streets: 248 ‘ on N 2nd Street; 110’ on W York Street and 248’ on Palethorp Street. The site is fully approved for 102 Apartments, consisting of 69 units in Building A and 33 units across 11 adjoining triplexes, with 42 parking spaces. The existing structures have been demolished and the site has been cleared, allowing the buyer to put a shovel in the ground at time of closing. The approvals are now in place...2401-25 N 2nd Street is a 27,280 square-foot SHOVEL READY development site fronting on 3 streets: 248 ‘ on N 2nd Street; 110’ on W York Street and 248’ on Palethorp Street. The site is fully approved for 102 Apartments, consisting of 69 units in Building A and 33 units across 11 adjoining triplexes, with 42 parking spaces. The existing structures have been demolished and the site has been cleared, allowing the buyer to put a shovel in the ground at time of closing. The approvals are now in place and therefore included in the sale of the site, Buyer will receive the following: Zoning Permit; Building Permit; Construction Documents; Full 10-Year Abatement; Qualified Opportunity Zone Advantages. The unit mix consists of 67 two-beds, 30 one-beds, 4 studios, and 1 three-bed unit. Rent roll and plans are available upon request.
  1. Listed by Jonathan Beaulieu
    P: 2159672668 jon@jbmpgroup.com

Property Details for 2401-25 North 2nd Street

Tax ID Number
881000004
Ownership
Fee Simple
HOA
No
Waterfront
No
Garage
No
Municipality
PHILADELPHIA
Central Air
No
Construction Completed
No

Location

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LISTING UPDATED: 03/20/2024 02:22 PM

Property Details for 2401-25 North 2nd Street

StatusActive
MLS #PAPH2324218
Days on Market72
Taxes$8,894 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Fee Simple
Year Built-
Lot Size0.63 AC
CountyPhiladelphia County

Location

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Building Information for 2401-25 North 2nd Street

Lot Size0.63 AC

Payment Calculator

$26,937 per month

30 year fixed, 7.25% Interest

Principal and Interest

$26,196

Property Taxes

$741

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2401-25 North 2nd Street

Location
Location
  • School District Name: PHILADELPHIA CITY
  • School District County ID: 802785881492
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19133 (19133)
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: $635,400
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $153,480
  • City Town Tax: $4,013
  • Clean Green Assessed: No
  • Land Use Code: SI
  • Zoning: CMX2.5
  • School Tax: $4,880
  • Automatically Update Tax Values Y/N: Yes
Lot / Land Information
Farm Information
  • Farm Land Preservation Y/N: No
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 248x110
  • Lot Dimensions Source: Estimated
  • Lot Features: Corner
  • Current Use: Vacant
  • Road Frontage Length: 358.00
  • Parcel ID: 25343732
  • Additional Parcels: No
Utilities
Utilities
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: None chosen (Non-REALTOR/Stockholder)
  • List Agent URL: www.jbmpgroup.com

Property History for 2401-25 North 2nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 2401-25 North 2nd Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Hunter William H School
PublicPK to 8

Kensington HS
Public9 to 12

Kensington Culinary Arts
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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2401-25 North 2nd Street is a 0.63 ac of land for sale in Philadelphia, PA 19133. This property was listed for sale on February 21, 2024, it's currently listed at $4,800,000. This listing's school district is Philadelphia City School District. Nearby schools include Hunter William H School, Kensington HS and Kensington Creative & Performing Arts High School. 2401-25 North 2nd Street is a 0-bed, 0-bath, 0.63 ac of land on a 27,280 sq. ft. / 0.63 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board 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, Greator Scranton Board 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.