$699,999
Est. payment /mo
4,380 Sqft Lot
Active
346 W QUEEN LN Philadelphia, PA 19144
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UPDATED:
02/06/2025 07:45 PM
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision East Falls
MLS Listing ID PAPH2416546
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $2,394
Tax Year 2025
Lot Size 4,380 Sqft
Acres 0.1
Lot Dimensions 0.0 x 0.0
Property Description
QUEEN'S COMMONS: Zoning-approved multifamily development opportunity in NWPHL (Northwest Philadelphia), straddling two (2) in-demand neighborhoods: East Falls and Germantown. This value engineered proposed development features 5 floors of wood frame construction with 21 units throughout ±19,697 SF with ground floor commercial space, storage, fitness center, amenity space and green roof terrace atop the building showcasing sensational views of the Philly skyline. This boutique, elevator building will feature sixteen (16) 1bd x 1ba apartments and four (4) 2bd x 2ba apartments. This prominent site benefits from 52' of frontage totaling roughly ±4,380 SF or prime urban land. Easy access to East Falls borough amenities, breweries, shops and restaurants, as well as Queen Lane Septa Station (regional rail), Germantown Cricket Club, Germantown Friends School, William Penn Charter School and Thomas Jefferson University, as well as downtown Germantown. Purchase this approved real estate in a Top-10 USA MSA today and plant your company's flag in PHL. Enquire within for PPP (pro forma, permits, plans). 10 year tax abatement-eligible. Pay taxes on assessed land value for 10 years rather than the improvements (21 unit building). This area is poised for above-average rent growth and appreciation and is surrounded by progressive new development in every direction. Make your move.
Location
State PA
County Philadelphia
Area 19144 (19144)
Zoning CMX25
Exterior
Water Access N
View City
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District Philadelphia City
Others
Tax ID 123121305
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Listed by Ryan J McManus • Keller Williams Liberty Place
Hope Greenlee Agent | License ID: 658745
Hope Greenlee
I am a seasoned Realtor with an impressive 16 years of experience in the real estate industry. Hailing from Baltimore County, I am a proud graduate of Parkville High School, and she furthered her education by pursuing a business degree at a prestigious school in Pittsburgh, Pennsylvania.
With a background as a Multi-Site Property Manager spanning over two decades across Maryland, I have honed my skills and expertise in various facets of real estate. However, my most cherished accomplishment is being a devoted mother to five children.
I am not just a Realtor; I am passionate and market-savvy professional who prioritizes my clients' satisfaction and best interests above all else. My commitment to understanding and meeting my clients' unique needs, combined with my extensive market knowledge, construction expertise, and exceptional negotiation skills, truly sets me apart in the industry.
Whether you're in the market to buy or sell, I promise to provide you with the special attention you deserve from a dedicated real estate professional. My approach is characterized by professionalism, patience, and unwavering loyalty to my clients, ensuring a seamless and satisfying real estate experience.
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