- For Sale $1,200,000
- Property Type Other
- Property Size 84,700 SF
- Units 77
- Date Updated Jun 3, 2023
- Website 77unitstaborroad.sharplaunch.com
On behalf of ownership, GREA extends to qualified investors the unique opportunity to acquire the fee simple interest in the Tabor Road Multi-Family Development Site, a development opportunity with “by-right” permissions located within a Federal Opportunity Zone in the Olney Section of Philadelphia. The site consists of 21,500± square feet and is conveniently located in the shadow of Einstein Medical Center, a hospital that employs 6,000+ doctors, nurses, and support staff.
The 21,500± square foot development site is situated on a single parcel and is currently vacant land. Zoned CMX-2, the site presents new ownership with the opportunity to develop “by-right” 77 apartment units steps away from one of Philadelphia’s major employment hubs.
Situated on Tabor Road, the site is a 7-minute walk from SEPTA’s Fern Rock Station, a major transportation hub for subway, bus, and regional rail lines. This strategic location affords future residents of the Tabor Road Multi-Family Development Site a 20-minute commute to Center City Philadelphia.
The Tabor Road Multi-Family Development site presents an outstanding opportunity to develop by-right 77 apartment units steps away from one of the Region’s largest medical centers.
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Highlights
- "By-Right" Development Opportunity: 77 Units can be Built without a Zoning Variance
- Tax Abatement: 10-Year Real Estate Tax Abatement
- Opportunity Zone: Located with a Federal Opportunity Zone
- Strong Medical Employment Hub: Einstein Medical Center, Temple University Hospital, Shriner's Hospital for Children, St. Christopher's Hospital for Children and Germantown Medical Center all within 10 Minutes
- Public Transportation: SEPTA's Fern Rock Transportation Center within Walking Distance
False
Location
Getting Around
-
Walk Score ®
Very Walkable (83) -
Transit Score ®
Excellent Transit (82) -
Bike Score ®
Bikeable (51)
- City Philadelphia, PA
- Neighborhood Logan
- Zip Code 19141
- Market Philadelphia
Points of Interest
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Fern Rock Transportation Center
0.33 miles
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Olney Transportation Center
0.45 miles
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Logan
0.72 miles
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Olney
0.78 miles
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Wyoming
1.04 miles
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Wister
1.32 miles
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Hunting Park
1.49 miles
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Wayne Junction
1.57 miles
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Melrose Park
1.62 miles
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Germantown
1.87 miles
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Sunoco
0.55 miles
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A-plus
0.68 miles
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Sunoco
0.70 miles
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Sunoco
0.73 miles
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Speedway
0.78 miles
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Shell
0.85 miles
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AnM Gas
0.96 miles
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Sunoco
0.99 miles
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7-Eleven
1.18 miles
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Lukoil
1.25 miles
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Municipal Parking Lot
0.28 miles
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Willowcrest lot
0.29 miles
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Einstein Emergency Room Parking
0.32 miles
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Tacony Creek Trail Parking
1.38 miles
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USPS Parking
1.82 miles
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Visitor Parking (GFS)
1.83 miles
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GFS
1.88 miles
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Yard Parking
1.91 miles
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Pennsbury Parking Lot
1.96 miles
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Tacony Creek Trail Parking
2.05 miles
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China Wok
0.29 miles
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Ozzy's Pizza Shop
0.33 miles
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Dunkin'
0.38 miles
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Dunkin'
0.43 miles
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McDonald's
0.44 miles
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Philly Pretzel Factory
0.47 miles
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Ron's Caribbean Cafe
0.51 miles
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KFC
0.59 miles
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Taco Bell
0.59 miles
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Checkers
0.62 miles
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Howe Academic Plus School
0.46 miles
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Thurgood Marshall School
0.46 miles
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Philadelphia Girls High School
0.52 miles
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Lindley Academy Charter School at Birney
0.52 miles
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Widener Memorial School
0.55 miles
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Morrison School
0.63 miles
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Incarnation School
0.65 miles
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Community College of Philadelphia - Northwest Regional Center
0.67 miles
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Saint Helenas School
0.71 miles
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Central High School
0.72 miles
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TLC TOO of the Northeast Community Center for MH/MR
0.25 miles
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Johnson Child Care Center 2,
0.70 miles
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Brightside Academy
1.07 miles
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Porter's Day Care
1.12 miles
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Johnson Child Care Center
1.23 miles
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Creative Minds III
1.46 miles
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Nest International Chirstian Academy
1.60 miles
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Germantown Day School
1.91 miles
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Personal Touch Child Care
1.98 miles
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Camelot Education
2.12 miles