802 N PRESTON ST Under Contract Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19104
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Under Contract
Purchase Type For Sale
Subdivision Mantua
MLS Listing ID PAPH2376674
Annual Tax Amount $319
Tax Year 2023
Lot Size 1,238 Sqft
Property Description
This vacant lot at 802 N Preston Street presents an excellent development opportunity in Philadelphia's rapidly evolving Mantua neighborhood. The property's RM1 zoning allows for the construction of a multi-family building with up to four units, offering developers flexibility in design and unit mix.
Situated in an area experiencing substantial new construction, this lot is well-positioned to capitalize on the neighborhood's growth and increasing desirability. The projected After Repair Value (ARV) of $750,000 to $800,000 for a completed project reflects the strong market potential in this location.
For investors and developers seeking to enter or expand their presence in a transforming Philadelphia neighborhood, this lot offers the chance to create a custom-built property tailored to current market demands.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Exterior
Waterfront N
Water Access N
Building
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing Cash,Private
Listing Terms Cash,Private
Special Listing Condition Standard