Philadelphia, PA 19106,418 WOOD ST

$720,000

Est. payment /mo

$795,000

9.4%
Est.Price: ?

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418 WOOD ST Philadelphia, PA 19106

1,354 Sqft Lot

SOLD DATE : 06/14/2016

Key Details

Sold Price $720,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision Old City

MLS Listing ID 1002755084

Sold Date 06/14/16

HOA Y/N N

Originating Board TREND

Year Built 1916

Annual Tax Amount $2,896

Tax Year 2016

Lot Size 1,354 Sqft

Acres 0.03

Lot Dimensions 18X75

Property Description

Prime Old City Location! Located on the corner of 5th & Wood in Old City at the foot of the Ben Franklin Bridge. Currently a garage with apartment above and an adjacent lot with proposals to demolish and build 2 Luxury Homes with Garages & Roof Decks!! *The three-story part of 418 Wood Street must remain as it is historic * Lot A Fronts on Wood and Lot B Fronts on 5th Street. The total square footage for each property (including basements) is approximately 3,900 +/- The historic part of 420 Wood Street, the three-story building (that is historic and cannot be demolished) is already approved by the Historic Committee to be expanded. The current foot-print of the three-story historic building is approximately 18' x 18'. The approval allows to expand the foot-print to 28' x 28' (and incorporate the historic building with the new construction). The approval also allows to add an entire 4th floor and a roof deck. In the floor-plan (of 420 Wood Street), you can see the front of the building and the one side wall that will remain (with the new construction). The entire one-story (rear) section of the property can be demolished. Zoning permits are approved. Building permits ARE NOT APPROVED.

Location

State PA

County Philadelphia

Area 19106 (19106)

Zoning CMX3

Rooms

Other Rooms Primary Bedroom

Interior

Fireplace N

Exterior

Waterfront N

Water Access N

Parking Type None

Garage N

Building

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 056015300

Ownership Other

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Bright MLS (BMLS)
Listed by Michael R. McCann • BHHS Fox & Roach-Center City Walnut
Bought with Michael R. McCann • BHHS Fox & Roach-Center City Walnut

Daniel Rallo

Broker Associate | License ID: 0448508

+1(609) 338-7364

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