Development Opportunity
77 Proposed Apartments | 16,940 SF Commercial Space
Overview
- Offering Price Subject to Offer
- Lot Size 21,464+ SF
- Zoning CMX-2
- Proposed Residential Units 77
- Proposed Commercial Space 16,940 RSF
- Proposed Building Size 84,700 GSF
Global Real Estate Advisors (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 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 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.
