5948 SPRUCE STREET, PHILADELPHIA, PA 19139

Massive RM1 opportunity hitting the market in a developing area!! Multifamily and commercial investors / contractors take notice!

This is a by-right 5 unit opportunity. Huge 2 story structure on a huge lot that stretches from Spruce to Delancey st. Best use may be 2 1 bed 1 bath units and 3 3 bed 2 bath units. Drafted zoning plan and proposed best-use floor plan to be uploaded soon. Structure needs extensive work, including entire roof and rear wall, but this is in line with third story addition and rear addition to maximize allowable square footage. Make safe plans already submitted and approved. New construction right around the corner and going up all over s 60th St.

The aspects of this lot that make this a great opportunity go on and on. Property is semi-detached allowing for tons of natural light. Extra wide building. Frontage on Delancey street allows for rear entrances and parking. Third story can go straight up. Bus stop right outside. Great condition basement slab. ETC. List price is in-line with land value alone.

Buyer responsible for all U&O due diligence. No disclosures. Drill access through front door. Agent has financial interest.