2661 Webb St

Philadelphia PA 19125

560 sq. ft.

Land

Currently for sale - view listing

Overview

For sale is a rsa-5 zoned buildable 14x40 lot approved for 3 floors with roof deck, attached on one side and with a locked gate in front. Excellent location in the city being 2 min from the Shops at Fishtown, 3 min from rivers casino, less than 10 min from center city, 10 min from bridge to NJ, etc. Very quiet and peaceful small one-way street with virtually no traffic, with parking usually available. Public utilities. New construction demand has exploded in the recent years, demanding 600k+ for rowhomes on similar sized lots in Fishtown. The city has reassessed every property with the initiative to try to get assessed values closer to market value. The 2024 Assessed value for this lot is 15K but 2025's assessed value has skyrocketed to 105k, further evidence that the city is placing an emphasis on the rapidly increasing property values and gentrification in this particular neighborhood. If you are a builder looking for a new project this could be a lucrative money maker for you. 19125 is a prime zip code to maximize section 8 rent which could make this a lucrative opportunity not only to build and flip but also to build a 2-bedroom house collecting 2350/mo, 3 bedroom collecting 2830/mo, or 4 bedroom collecting 3220/mo to hold and rent. A roof deck on top of a 3-story house would have the most spectacular views of the city. Owner also owns next door 2663 Webb St. as a section 8 rental getting $2k per month. Owner is PA/NJ licensed realtor.