1252-54 N 52ND Street

Description

New Development Opportunity! 1252-54 N 52nd St, a new construction, mixed use (6 residential units over 1 commercial unit) fully shovel ready, development opportunity is now available in the quickly revitalizing Mill Creek Neighborhood of Philadelphia, Pennsylvania. This future 9.6K+ SF development features 6 units over almost 2K SF of commercial space. The new development will be perfectly designed for professionals, students and long term residents and allow for a new or existing business to grow on the fast revitalizing 52nd St corridor. Secure the coveted partial 10 year tax abatement as well as the Qualified Opportunity Zone Tax Benefit when you buy and build. The QOZ tax incentive allows for (10 year tax deferral on the respective capital gains. A 15% tax reduction on those capital gains when they are taxed in the 10th year. Tax free growth on the opportunity investment as long as the investment is held for 10 years.) The opportunity allows for strong rental demand, asset appreciation and growth forecast for years to come in West Philly. Be a part of the transformational work the The Enterprise Center is doing along N 52nd St as part of their Mainstreet Revitalization Plan. In addition, the site is walkable to stunning Fairmount Park and the Philadelphia Zoo, a short drive to restaurants and bars on 52nd St, 48th St and Baltimore Ave. This submarket is exploding with new rehabs fueled by the healthcare, business and education sectors as revitalization efforts head north from Market Ave and East from UCity. There are new construction comps available. Inquire within for Building financials, Pro forma financials and a full list of Permits and Entitlements. Buy and build today!