5101 Westminster Ave Philadelphia, PA 19131

000 sq ft

ASKING PRICING: $ $999,000 (Price per Unit $13,500)

Property Details

Developers & Investors,

This is a rare opportunity to acquire a 74-unit approved multifamily development site in West Philadelphia.

Highlights:

•⁠ ⁠74 Units Approved

•⁠ ⁠RM-2 Zoning

•⁠ ⁠Approved Plans Included

•⁠ ⁠Large Site with Ample Parking Potential

•⁠ ⁠Strong Rental Demand Area

•⁠ ⁠Minutes to University City & Center City

•⁠ ⁠Adjacent New Construction Development

•⁠ ⁠Nearby Project Recently Secured a $7M Construction Loan

✅The Existing building is Vacant and will make up 24 units

There is an additional new construction building that is attached and approved for the remaining 50 units

The current owner has already completed the heavy lifting, including zoning approvals and architectural plans. A full plan set and supporting documents are available upon request.

This is an ideal opportunity for a developer looking to move quickly on a large-scale multifamily project in one of Philadelphia’s strongest rental corridors.

Reply to this email or call/text me directly for plans, zoning documents, and additional due diligence materials.

Photos Link

Interested in this property?
Get more information or schedule a viewing.