2012 S 9th St

Philadelphia, PA 19148

This is the only current shovel-ready opportunity in the coveted East Passyunk submarket to build residential townhomes - attractive in and of itself, but when considering the tax abatement implications (program being reduced at start of 2022) for both builders and future homebuyers, this offering is completely enhanced. Walkable to many of the city's favorite bars, restaurants and boutiques, this 6-unit "South Philly" development site is fully entitled to build 3bd x 3ba 2300+ SF luxury residences with pro forma outsales of +/-$600,000. There is no competition in the submarket when considering new construction outsales - meaning the new owner/developer will have the rare ability to command price and control the market to a certain extent. "Restaurant Row" along East Passyunk Avenue is the hippest strip in South Philadelphia, with notable award-winning chefs and establishments lining the Avenue from Broad Street to Washington Avenue and is just a .5M walk from the subject property, as is the Snyder Station on the Septa Broad Street subway line which connects directly into Center City Philadelphia and points north (North Broad) and south (Stadium District).