8450 Pine Rd, PHILADELPHIA, PA

$955,000

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3.38

Acres

About 8450 Pine Rd

For Sale: Prime 3+ Acre Property with RSD-1 Zoning, 3200 sq foot home with 3 parking garages. Please note : No Zoning information herein should be taken as fact, and any potential buyer is encouraged to seek counsel from a qualified zoning attorney as to the legal permissibility of any and all construction activities on or to the subject improvements and lot. This expansive property offers an exceptional opportunity for developers or investors seeking a lucrative venture. Boasting RSD-1 Zoning, the parcel permits the construction of 10 single-family detached homes with street frontage without the need for variances, though the buyer should seek counsel from a qualified zoning attorney confirm the legal permissibility any development activity. Per the seller's interpretation of the code (see attached document from licensed architect) the land is ready for immediate subdivision and development, allowing builders to commence construction without hurdles. Additionally, the property features a currently rented single-family home with detached 3 car garage as well as a separate workshop generating $2500/month on a month to month lease. This existing structure can either continue generating income for the new owner or can be delivered vacant. Ideal for those looking to capitalize on residential development in a sought-after area, this property presents a blend of immediate income potential and significant future development possibilities.

Features of 8450 Pine Rd

MLS® # PAPH2431288
Price $955,000
Bathrooms 0.00
Acres 3.38
Type Land
Sub-Type Land
Status Active

Community Information

Address 8450 Pine Rd
Area 19111
City PHILADELPHIA
County PHILADELPHIA-PA
State PA
Municipality PHILADELPHIA
Zip Code 19111

Amenities

Is Waterfront No

Interior

Has Basement No
Fireplace No

School Information

District THE SCHOOL DISTRICT OF PHILADELPHIA

Additional Information

Date Listed December 31st, 2024
Days on Market 46
Zoning RSD1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBrickmatics
Contact Info6107645315

Listing Map

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