USAPAPhiladelphiaCenter City1317 Irving St

1317 Irving St, Home with 0 bedrooms, 0 bathrooms and null parking in PHILADELPHIA PA | Image 1

$2,365,000

1317 Irving St, Philadelphia, PA

Name: 1317 Irving St, For Sale in PHILADELPHIA - eXp Commercial Brokerage
Brand: Keller Williams Liberty Place
SKU: PAPH2535196
Price: 2365000 CAD

Real Estate

For Sale

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Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Commercial Sale

Size -

Garage No

Maintenance Fees

Taxes $5,205

Days Active 6

Approx. Age 1886

MLS® Number PAPH2535196

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

Introducing" "The Library Tower" assemblage on Irving Street in downtown Philadelphia, Pennsylvania. With a highly coveted CMX4 zoning designation, this premier assemblage of historic properties presents an ideal canvas for historic redevelopment aficionados. Capable of rising 20-storeys high into the sky with up to 128 apartment units, The Library Tower can be treated as several proposed concepts if high-rise development is not preferred. Please request alternative concepts "B" & "C" from listing agent if desired. 1317-21 Irving can accommodate up to 16 apartment units on its own with ±16, 340 SF buildable. The historic facades must be preserved due to the Washington Square West Historic District overlay but it creates a distinguishing factor for a totally unique, architecturally-inspired redevelopment. The redevelopment qualifies for a FULL 10 yr tax abatement based on renovations of the existing structures; pay taxes on the present assessed value rather than the value of the improved structure(s). Qualify for lucrative state and federal historic tax credits to offset construction costs (see below for more info). Surrounded by the city's best amenities, transportation hubs, restaurants, cafes, shops, employers, healthcare centers, bars and nightlife, The Library Tower assemblage is a bulletproof real estate investment opportunity in a Top-10 USA MSA. Centrally located in the urban core in the vibrant Midtown Village neighborhood and tucked away on a quiet, residential street with "street to street" access (Irving to Latimer), the site allows for an easy construction process in terms of access/egress for trades and potential cranes on site in the heart of the city — an extreme rarity. Severe high-barriers-to-entry exist in Center City Philadelphia, as the availability of dense urban infill sites wanes due to high rental demand in one of the most historic, yet contemporary and cosmopolitan cities in the nation due to its culture, connectivity, commerce, cuisine, quality of life and top-tier universities, employers, historic sites and professional sports teams.Show Description

MLS® NumberPAPH2535196

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1886

Stories4

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatOther, Other Fuel

A/COther, Other Fuel

Heating Fuel

Extras

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