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990 W Tabor Road, Philadelphia, PA 19141
$1,000,000
990 W Tabor Road, Philadelphia, PA 19141View this property at 990 W Tabor Road, Philadelphia, PA 19141
990 W Tabor RoadPhiladelphiaPA19141
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Property Description
Excellent investment opportunity awaits at 990 W Tabor St, where 77 proposed units can be built without the need for a zoning variance. This prime 16,940 square foot commercial lot, adjacent to Einstein Hospital, offers a "By-Right" development opportunity, ensuring a streamlined process for potential developers. Benefit from a 10-year Tax Abatement and capitalize on the property's location within a Federal Opportunity Zone, unlocking potential tax incentives for savvy investors. Positioned amidst a robust medical employment hub, with institutions like Einstein Medical Center, Temple University Hospital, and Shriner's Hospital for Children nearby, this location promises steady demand from medical professionals and staff. Convenient access to public transportation further enhances the property's appeal, with SEPTA's Fern Rock Transportation Center just a short walk away. This strategic location ensures easy commuting for future residents, with a mere 20-minute ride to Center City Philadelphia. Seize the opportunity to develop 77 apartment units on this vacant land, strategically located in the Olney Section of Philadelphia. With CMX-2 zoning in place, new ownership can move forward confidently in creating a thriving residential community near major employment centers. Don't miss out on this exceptional chance to invest in the growth potential of the Tabor Road Multi-Family Development Site.
Full Property Details
Full Property Details for 990 W Tabor Rd
General
- Price: $1,000,000
- Taxes: $3,905 (2022)
- Status: Active
- Type: Lots/Land
- MLS ID: PAPH2324716
- Updated: 2/22/2024
- Added to Site: 67 day(s) ago
Location
- Area: 19141 (19141)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Driving Directions: Located next to Einstein Hospital
School Information
- School District: The School District Of Philadelphia
Utilities
- Sewer: Public Sewer
- Water: None
Structural Information
- Stories/Levels: 0
- Current Bldg. Use: Vacant
Lot Features
- Lot Size (Acres): 0.49
- Lot Size (Sq. Ft.): 21,464
- Lot Size Source: Assessor
- Lot Dimensions: 126.00 x 237.00
- Zoning: CMX2
Financial Considerations
- Price Per Sq. Ft.: $46.59
- Assessment Year: 2023
- School Tax: $2,142
- City/TownTax: $1,762
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $279,000
- Tax Amount: $3,905
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
- Lot Number: 158
Listed by TCS Management, LLC, Moshe Adika
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Schools
Schools serving 990 W Tabor Rd
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
5800 N 13th St, Philadelphia, PA 19141 | K-5 | 0.4 mi | |
1701 W Chelten Ave, Philadelphia, PA 19126 | 6-8 | 1.2 mi | |
6100 Stenton Ave, Philadelphia, PA 19138 | 9-12 | 1.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 990 W Tabor Rd
Date
Details
Price
Change
Source
2/22/2024
Listed
$1,000,000
1011.11%
MLS
12/14/2022
Sold
$90,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 990 W Tabor Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,905
85%
$279,000
100%
2021
$2,110
-46%
-100%
2022
$3,905
85%
$279,000
85%
2020
$2,110
—
$150,700
—
2019
$2,110
-24%
$150,700
-24%
2018
$2,784
50%
$198,900
50%
2017
$1,862
—
$133,000
—
2016
$1,862
4%
$133,000
—
2015
$1,782
—
$133,000
—
2014
$1,782
714%
$133,000
5838%
2013
$219
—
$2,240
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 990 W Tabor Rd
990 W Tabor Road, Philadelphia, PA 19141 (MLS# PAPH2324716) is a Lots/Land property with a lot size of 0.49 acres. 990 W Tabor Road is currently listed for $1,000,000 and was received on February 22, 2024. Want to learn more about 990 W Tabor Road? Do you have questions about finding other Lots/Land real estate for sale in Logan? You can browse all Logan real estate or contact a Coldwell Banker agent to request more information.