4620 Umbria St

Philadelphia, PA 19127

Amazing development opportunity for builders and developers in prime Manayunk location. Neighboring commercial properties also zoned CMX2. CMx2 zoning permits many viable commercial units and opportunities. Currently a duplex, subject property has approvals and permits included for a 15-unit building, 17,148 SqFt. First floor offers 3 one bed/one bath units and leasing office space with stairs and separate 6-stop elevator access to all levels. Second level includes two 2 bed/2 baths units, one 2 bed/1 bath and one 1 bed/1 bath. Third level features two 2 bed/2 baths units, one 2 bed/1 bath and one 1 bed/1 bath. Fourth floor top level offers two 2 bed/2 baths units, one 2 bed/1 bath and one 1 bed/1 bath. Fantastic shared roof deck with elevator access makes for a great outdoor space in the city. Basement offers shared bike storage convenient for commuters. 10 year property tax abatement. Convenient location just a short walk to the shops, restaurants and cafes on Main Street, the train and the towpath train for outdoor enthusiasts. Easy access to Center City, major highways, universities and the suburbs. Please note that the City of Philadelphia has conducted a real estate tax reassessment, effective January 1, 2023. If you have any questions or concerns about the impact of this process on the future real estate taxes for this property, you should contact the City of Philadelphia.