Description
318-20 N Budd Street is a 50 foot by 112 foot lot within a Qualified Opportunity Zone. Current existing structure on the property is a double wide, 2-story garage, boasting massive overhead doors, open space and huge ceiling height. This property's close proximity to Penn and Drexel creates a variety of possible strategies to capitalize on your investment. Zoning and plans were previously approved (now expired) to develop into an 8 unit building with parking for each unit (plans available upon request). This property has multiple strategies and can be built into an apartment building and held to take advantage of the QOZ, sold to another investor looking for the same opportunity or divided into 8 condos with parking and sold individually. A tremendous amount of development is taking place in the area, including 3.0 University Place, Schuylkill Yards and the Science Center. Please exercise caution when touring the property.
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Description
318-20 N Budd Street is a 50 foot by 112 foot lot within a Qualified Opportunity Zone. Current existing structure on the property is a double wide, 2-story garage, boasting massive overhead doors, open space and huge ceiling height. This property's close proximity to Penn and Drexel creates a variety of possible strategies to capitalize on your investment. Zoning and plans were previously approved (now expired) to develop into an 8 unit building with parking for each unit (plans available upon request). This property has multiple strategies and can be built into an apartment building and held to take advantage of the QOZ, sold to another investor looking for the same opportunity or divided into 8 condos with parking and sold individually. A tremendous amount of development is taking place in the area, including 3.0 University Place, Schuylkill Yards and the Science Center. Please exercise caution when touring the property.
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