1217 S 27th St, Philadelphia, PA 19146

Property Description

Permit-ready duplex development opportunity in the rapidly developing Grays Ferry neighborhood. This RM-1 zoned lot has been designed for an approximately 2,400-square-foot new-construction duplex featuring two spacious bi-level residences with contemporary floor plans suitable for condominium resale or rental investment. The sale includes architectural and structural plans, a geotechnical investigation, engineered foundation design, utility plans and applicable project approvals. The remaining permit is currently pending, and the seller intends to deliver the property with the permit issued prior to settlement, allowing the next owner to avoid much of the time, expense and uncertainty associated with designing and permitting a new development. The proposed completed project was appraised at $750,000, subject to the assumptions and conditions contained in the appraisal. Renderings, plans, appraisal and supporting due-diligence materials are available upon request. An excellent opportunity for a builder, developer or investor seeking a well-designed development project in 19146. Property is being sold as a vacant lot with plans and approvals; proposed improvements shown in renderings are not included. Buyer is responsible for independently verifying zoning, permits, dimensions, construction costs, tax-abatement eligibility and the transferability and continued validity of all plans and approvals. A construction proposal from an experienced local contractor may also be made available upon request, providing qualified purchasers with a potential path from acquisition through completion.