Presenting the exclusive sale of 12 S. Wycombe Avenue, a 42-unit multifamily development opportunity in Lansdowne, PA. Ownership has obtained zoning approval for 41 apartments, 1,085 SF of commercial space and 11 on-site parking spaces. The apartment mix includes: (32) - 1 BR / 1 Bath, (4) - 2 BR / 1 Bath, and (5) 2 BR / 2 Bath. The site includes (3) parcels: 2 S Wycombe Ave, 10 S Wycombe Ave and 12 S Wycombe Ave and total 30,170 SF. The site is well located on the corner of S. Wycombe Ave and Baltimore Ave; Lansdowne's main commercial corridor. 12 S Wycombe Ave presents a rare opportunity to develop a multifamily building in the heart of Lansdowne, a transforming neighborhood that includes the restoration of Lansdowne Theatre and a recently passed bill allowing alcohol sales in what was formerly a "dry town." The property is located within a Qualified Opportunity Zone (QOZ), offering potential tax incentives and strategic benefits for investors and developers.
| MLS # | PADE2113258 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Days On Site | 157 |
| Listing Provided By | Mallin Panchelli Nadel Realty Inc | Samantha Lee Miller |
| Zoning | BALTIMORE AVE MIXED USE |
|---|
| Garage Yes / No | No |
|---|
| Tax Annual Amount | 21130 |
|---|
| State | PA |
|---|---|
| County | DELAWARE PA |
| City | LANSDOWNE |
| Zip Code | 19050 |
| Area | Lansdowne Boro (10423) |
| School District | WILLIAM PENN |
| Listing VS Median (in 19050) | |
Price: $1,200,000 low | high Med: $239,000 On site: 157 low | high Med: 39 | |
| State | PA |
|---|---|
| County | DELAWARE PA |
| City | LANSDOWNE |
| Zip Code | 19050 |
| Area | Lansdowne Boro (10423) |
| School District | WILLIAM PENN |
| Listing VS Median (in 19050) | |
Price: $1,200,000 low | high Med: $239,000 On site: 157 low | high Med: 39 | |