Opportunity Zone Development Site

4942 Parkside Ave Philadelphia, PA 19131

Property Type:
MultiFamily Apartments
Last Verified:
Jun 23, 2020


  • Opportunity zone
  • Walking distance to major retail center
  • Ample on street parking
  • Easy access to University City
  • Lots and lots and lots of green space
  • Building is fully sprinkled
  • Elevator


Located in historic Parkside section of Philadelphia. This property is appropriately zoned for Ground Up redevelopment or to expand the existing footprint. Located directly across from the greenery of Fairmount Park, this building lies a stones throw away from The Main music Center. Being in an opportunity zone this location provides easy access to I 76, W. River Dr. and a short drive to Center city. Available for less than $100 per Sqft

Excellent location with access to interstate 76, Girard Estates, University City, Center City

Building Size: 18982.0sq ft
Building Class: C
Lot Size: 0.2 acres

Map of 4942 Parkside Ave, Philadelphia, PA, 19131

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.