$100,000
Zoning-approved 10-unit multifamily development opportunity in the City of Chester's LERTA tax abatement district. This cleared, level 6,634 SF corner lot at E 9th Street (Route 6013) and Upland Street offers 64 feet of frontage on 9th and 99 feet on Upland. The City has issued a zoning permit for use as a 10-unit residential apartment building, and a complete professional design package conveys with the sale: full architectural, structural and MEP plans for a fully sprinklered 10-unit building with a mix of one and two bedroom units. A building permit (No. 23-00348) was previously issued for this 10-unit plan set, and the City has demonstrated clear support for redevelopment of this site. The prior structure has already been professionally demolished at the seller's expense, saving the buyer substantial site preparation cost. C-1/R zoning permits up to 5 stories or 55 feet. Located within Chester's LERTA district, where real estate taxes on new improvements phase in at 10 percent per year over ten years, a major boost to development returns (buyer to verify eligibility). Public utilities available at the street. Minutes to I-95, the Commodore Barry Bridge, Widener University, Chester Transportation Center, Subaru Park and Philadelphia International Airport, with Center City Philadelphia about 20 minutes away. Property is not in a designated floodplain per FEMA panel 42045C0201H. Sold as-is; buyer responsible for confirming zoning, permits, approvals and utility connections with the City of Chester. An exceptional basis for a 10-unit project at $10,000 per approved unit.
337 E 9th, Chester
Listing courtesy of Homestead Property Management Services. Contact: 6105650550
