643 N Preston Street, Philadelphia, PA 19104

USD 250,000

For Sale MLS: PAPH2621198

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Property Details

Description

Located in the heart of Philadelphia's booming University City neighborhood, this is an exceptional opportunity for investors, developers, and builders to capitalize on one of the city's fastest-growing areas. Positioned along the highly visible Lancaster Avenue commercial corridor, the property offers incredible potential for redevelopment and long-term appreciation. There are so many new constructions on the block; come and be the next developer. The work has been made easy for you. The building has already been framed for a three-unit layout, featuring spacious two-bedroom units on the second and third floors. The first floor was previously approved for restaurant use, though buyers should verify the current status of any permits with the city. Surrounded by strong rental demand driven by students from Drexel University and the University of Pennsylvania, as well as young professionals, this location is primed for continued growth. The ongoing expansion of Schuylkill Yards is expected to further transform the area and increase property values for years to come. Whether you're looking to develop 3 apartments or create a mixed-use investment property, this property presents endless possibilities in a rapidly appreciating market. No power in the building. So, please bring a flashlight with you. Don't miss this rare investment opportunity - submit your offer today!

PROPERTY DETAILS: Square Feet: 2580

INTERIOR FEATURES: • Square Footage (approx): 2,580 Sq. Ft. Above Ground, Sq. Ft. Below Ground • Cooling: None • Heating: None • Basement: Walk-Out Access, Interior Entry • Additional Interior Features: Other

EXTERIOR FEATURES: • Parking: On Street. • Patio: Patio • Pool Description: None • Lot Dimensions: 18.00 x 77.00 • Zoning: RM1 • Additional Exterior/Lot Features: Patio Back Yard

LISTING AGENT: Agent: Eric Feinberg | Office: Keller Williams Realty Group | Phone: 4849485872 | Email: [email protected]

LISTING INFORMATION: MLS#: PAPH2621198 | Status: FOR SALE

Location

Address

643 N Preston Street

City

Philadelphia

Features and Finishes

Interior Features:

• Square Footage

(approx): 2,580 Sq. Ft. Above Ground, Sq. Ft. Below Ground

• Cooling: None

• Heating: None

• Basement: Walk-Out Access, Interior Entry

• Additional Interior Features: Other

Exterior Features:

• Parking: On Street.

• Patio: Patio

• Pool Description: None

• Lot Dimensions: 18.00 x 77.00

• Zoning: RM1

• Additional Exterior/Lot Features: Patio Back Yard

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