1616-22 MCKEAN ST Active

Philadelphia,PA 19145

$ 1200000

- Bed

- Bath

4900 SqFt


Key Details

Property Type Commercial

Sub Type Land for Commercial Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,900 sqft

Price per Sqft $244

Subdivision Newbold

MLS Listing ID PAPH2400618

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $3,857

Tax Year 2024

Lot Size 4,900 Sqft

Acres 0.11

Lot Dimensions 70.00 x 70.00

Property Description

Rare-to-find Redevelopment Opportunity in South Philadelphia!

This 4,900 sq ft commercial warehouse, set on a 70' x 70' corner lot, offers significant potential for redevelopment in the thriving New Bold neighborhood. Zoned I2-Medium Industrial, the site is potentially ideal for a range of uses, including multi-unit residential, office space, or mixed-use development, etc. Buyers are advised to verify zoning requirements with the City of Philadelphia for specific project feasibility.

Currently operating as an auto repair shop, the property will be delivered vacant before settlement. Located near East Passyunk Avenue, South Broad Street, and Washington Avenue, this fast-growing neighborhood offers excellent rental demand, business traffic and appreciation potential, supported by new construction nearby and proximity to public transportation, restaurants, and employment hubs.

This rare corner lot presents a prime chance to capitalize on South Philadelphia’s booming market with a project tailored to meet the area’s high demand for residential and commercial spaces.

Location

State PA

County Philadelphia

Area 19145 (19145)

Zoning I2

Interior

Hot Water None

Heating Radiator

Cooling None

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type Other

Garage N

Building

Sewer Public Septic,Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 882967880

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash,Conventional,Other

Listing Terms Cash,Conventional,Other

Financing Cash,Conventional,Other

Special Listing Condition Standard

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