990 West Tabor Road

Philadelphia, PA 19141

$1,000,000
Price
21,464 / 0.49
Lot Size / Acres

Description

Excellent investment opportunity awaits at 990 W Tabor St, where 77 proposed units can be built without the need for a zoning variance. This prime 16,940 square foot commercial lot, adjacent to Einstein Hospital, offers a "By-Right" development opportunity, ensuring a streamlined process for potential developers. Benefit from a 10-year Tax Abatement and capitalize on the property's location within a Federal Opportunity Zone, unlocking potential tax incentives for savvy investors. Positioned amidst...Excellent investment opportunity awaits at 990 W Tabor St, where 77 proposed units can be built without the need for a zoning variance. This prime 16,940 square foot commercial lot, adjacent to Einstein Hospital, offers a "By-Right" development opportunity, ensuring a streamlined process for potential developers. Benefit from a 10-year Tax Abatement and capitalize on the property's location within a Federal Opportunity Zone, unlocking potential tax incentives for savvy investors. Positioned amidst a robust medical employment hub, with institutions like Einstein Medical Center, Temple University Hospital, and Shriner’s Hospital for Children nearby, this location promises steady demand from medical professionals and staff. Convenient access to public transportation further enhances the property's appeal, with SEPTA’s Fern Rock Transportation Center just a short walk away. This strategic location ensures easy commuting for future residents, with a mere 20-minute ride to Center City Philadelphia. Seize the opportunity to develop 77 apartment units on this vacant land, strategically located in the Olney Section of Philadelphia. With CMX-2 zoning in place, new ownership can move forward confidently in creating a thriving residential community near major employment centers. Don't miss out on this exceptional chance to invest in the growth potential of the Tabor Road Multi-Family Development Site.
  1. Listed by Moshe Adika • TCS Management, LLC
    P: 2672103080 moshe@tcsmgt.com

Property Details for 990 West Tabor Road

Tax ID Number
885376340
Ownership
Fee Simple
HOA
No
Waterfront
No
Garage
No
Municipality
PHILADELPHIA
Central Air
No
Construction Completed
No

Location

Listing Courtesy of TCS Management, LLC
Add your commute
LISTING UPDATED: 02/22/2024 11:50 AM

Property Details for 990 West Tabor Road

StatusActive
MLS #PAPH2324716
Days on Market66
Taxes$3,905 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Fee Simple
Year Built-
Lot Size0.49 AC
CountyPhiladelphia County

Location

Listing Courtesy of TCS Management, LLC
Add your commute

Building Information for 990 West Tabor Road

Lot Size0.49 AC

Payment Calculator

$5,783 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

$325

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 990 West Tabor Road

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19141 (19141)
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
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $279,000
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $0
  • City Town Tax: $1,762
  • Clean Green Assessed: No
  • Land Use Code: SC
  • Zoning: CMX2
  • Tax Lot: 158
  • School Tax: $2,142
  • 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: 126.00 x 237.00
  • Lot Dimensions Source: Assessor
  • Current Use: Vacant
  • Parcel ID: 1233957
  • Additional Parcels: No
Utilities
Utilities
  • Water Source: None
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: National Association of REALTORS

Property History for 990 West Tabor Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 990 West Tabor Road

Taxable ValueLand$279,000Additions-Total$279,000
Tax Record2023$3,905 ($325 / month)
Home Facts
Total Finished SqFt2,100 SqFtAbove Grade Finished SqFt2,100 SqFtStories1Lot Size21,464 SqFtStyleCommercialZoningCMX2CountyPHILADELPHIAAPN88-5-3763-40

Schools near 990 West Tabor Road

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Howe Julia Ward School
PublicK to 5

Wagner Gen Louis Middle School
Public6 to 8

King Martin Luther High School
Public9 to 12

Girls High School
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.

Similar Homes

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Similar Sold Homes

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990 West Tabor Road is a 0.49 ac of land for sale in Philadelphia, PA 19141. This property was listed for sale on February 22, 2024 by TCS Management, LLC, it's currently listed at $1,000,000. It has been on the market for a total of 66 days and was last sold on December 14, 2022. This listing's school district is Philadelphia City School District. Nearby schools include Howe Julia Ward School, Wagner Gen Louis Middle School and King Martin Luther High School. 990 West Tabor Road is a 0-bed, 0-bath, 0.49 ac of land on a 21,464 sq. ft. / 0.49 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.

Listing Courtesy of TCS Management, LLC

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.