$720,000
$795,000
9.4%For more information regarding the value of a property, please contact us for a free consultation.
1,354 Sqft Lot
SOLD DATE : 06/14/2016
Key Details
Sold Price $720,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Old City
MLS Listing ID 1002755084
Sold Date 06/14/16
HOA Y/N N
Originating Board TREND
Year Built 1916
Annual Tax Amount $2,896
Tax Year 2016
Lot Size 1,354 Sqft
Acres 0.03
Lot Dimensions 18X75
Property Description
Prime Old City Location! Located on the corner of 5th & Wood in Old City at the foot of the Ben Franklin Bridge. Currently a garage with apartment above and an adjacent lot with proposals to demolish and build 2 Luxury Homes with Garages & Roof Decks!! *The three-story part of 418 Wood Street must remain as it is historic * Lot A Fronts on Wood and Lot B Fronts on 5th Street. The total square footage for each property (including basements) is approximately 3,900 +/- The historic part of 420 Wood Street, the three-story building (that is historic and cannot be demolished) is already approved by the Historic Committee to be expanded. The current foot-print of the three-story historic building is approximately 18' x 18'. The approval allows to expand the foot-print to 28' x 28' (and incorporate the historic building with the new construction). The approval also allows to add an entire 4th floor and a roof deck. In the floor-plan (of 420 Wood Street), you can see the front of the building and the one side wall that will remain (with the new construction). The entire one-story (rear) section of the property can be demolished. Zoning permits are approved. Building permits ARE NOT APPROVED.
Location
State PA
County Philadelphia
Area 19106 (19106)
Zoning CMX3
Rooms
Other Rooms Primary Bedroom
Interior
Fireplace N
Exterior
Waterfront N
Water Access N
Parking Type None
Garage N
Building
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 056015300
Ownership Other
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Bought with Michael R. McCann • BHHS Fox & Roach-Center City Walnut
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "