Welcome to an exceptional development opportunity in the heart of West Philadelphia's Spruce Hill neighborhood, where two adjacent single-family homes at 4432 and 4434 (PAPH2292190) Ludlow Street are awaiting transformation into a modern masterpiece. Developers take note of this unique chance to purchase a package deal in a prime location, 2 blocks from the Market-Frankford rail station, with existing homes ready for demolition to pave the way for your vision. Situated at 4432 and 4434 Ludlow Street, these homes are perfectly positioned within walking distance of the dynamic University City, ensuring a constant influx of potential tenants from the nearby universities. The lots come with favorable RM-1 zoning, making it an ideal investment for developers seeking to capitalize on the high demand for housing in this coveted area. There is already a fitness center on the block, two grocery stores with organic produce within blocks, and more amenities being added to the immediate area on an ongoing basis. This property promises substantial long-term returns, thanks to the ever-increasing property values in the highly desirable Spruce Hill neighborhood. As you embark on this exciting project, consider exploring nearby new construction for inspiration, ensuring your vision aligns perfectly with the aspirations of this thriving community.
Spruce Hill and University City offer a unique blend of urban convenience and community charm: The properties are within walking distance of prestigious institutions such as the University of Pennsylvania and Drexel University, guaranteeing a constant pool of potential renters. Explore a diverse array of restaurants, cafes, and cultural hotspots. From global cuisine to independent theaters and music venues, there's always something to enjoy. The 46th and Market transit station provides convenient public transportation to Center City and beyond, as well as multiple nearby bus lines. This is an unrivaled opportunity for developers looking to leave their mark on this vibrant community and seize a prime slice of West Philadelphia's real estate market. Don't miss your chance to be part of the growth and excitement of Spruce Hill and University City. Contact us today to schedule a viewing and start turning your development dreams into reality!
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Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 4th December, 2023 12:40 PM (UTC)