Philadelphia, PA 19111,8450 PINE RD
Philadelphia, PA 19111,8450 PINE RD
Philadelphia, PA 19111,8450 PINE RD
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$960,000
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3.38 Acres Lot
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8450 PINE RD Philadelphia, PA 19111

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UPDATED:

12/31/2024 07:03 PM

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2431288

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $7,001

Tax Year 2024

Lot Size 3.382 Acres

Acres 3.38

Lot Dimensions 509.00 x 328.00

Property Description

For Sale: Prime 3+ Acre Property with RSD-1 Zoning

Please note : No Zoning information herein should be taken as fact, and any potential buyer is encouraged to seek counsel from a qualified zoning attorney as to the legal permissibility of any and all construction activities on or to the subject improvements and lot.

This expansive property offers an exceptional opportunity for developers or investors seeking a lucrative venture. Boasting RSD-1 Zoning, the parcel permits the construction of 10 single-family detached homes with street frontage without the need for variances, though the buyer should seek counsel from a qualified zoning attorney confirm the legal permissibility any development activity. Per the seller's interpretation of the code (see attached document from licensed architect) the land is ready for immediate subdivision and development, allowing builders to commence construction without hurdles.

Additionally, the property features a currently rented single-family home with detached 3 car garage as well as a separate workshop generating $2500/month on a month to month lease. This existing structure can either continue generating income for the new owner or can be delivered vacant.

Ideal for those looking to capitalize on residential development in a sought-after area, this property presents a blend of immediate income potential and significant future development possibilities.

Location

State PA

County Philadelphia

Area 19111 (19111)

Zoning RSD1

Exterior

Water Access N

Garage N

Building

Sewer On Site Septic

Water Well

Schools

School District The School District Of Philadelphia

Others

Tax ID 632193210

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard


Bright MLS (BMLS)
Listed by Jay Kamin • Brickmatics

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agent

Calvin Kwon

Realtor | License ID: 0225259691

+1(703) 589-5865

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8450 PINE RD