5821 Wayne Ave, Philadelphia, PA 19144

Description

Vacant lot on the Wayne Avenue commercial corridor in historic Germantown, with zoning approved for a mixed-use building: one ground-floor commercial space and one apartment with a mezzanine. Complete construction drawings have been prepared and are moving through the L&I permitting process, and the property will be sold with the building permit. The buyer inherits a finished, zoning-compliant design package, with no time or capital spent on architecture, engineering, or the approval cycle, and goes from permit issuance straight to groundbreaking. Permit issuance fees are the buyer’s responsibility at settlement.

The site is transit-oriented, with shopping within walking distance. Ultimo Coffee, one of the corridor’s busiest spots, is on the next block and brings steady foot traffic to the street. Commercial space on this stretch is in demand, which makes it easy to lease the ground floor, while the mezzanine apartment adds a residential income stream. It works either as a build-and-hold for an owner-operator or as a stabilized two-unit asset to sell.

Plans and permit documentation available upon request. Serious inquiries welcome.