New construction is booming all around this location and it is an excellent development opportunity in West Oak Lane with CMX-2 Zoning. The property is situated on 174” frontage x 139” depth with a total of 35,554 SQ FT. Multi-family development opportunity exists for an apartment building. A By-right feasibility has been conducted and a 4-story building with approximately 73-109 units could be built. Each unit would be 962 SQ FT. The current building is 1 story building which was a banquet facility and is 12,074 SQ FT of interior space plus added bonus of a large parking lot to accommodate 30 plus car parking. Other possibilities exists such as a Catering Hall or Commissary. The sale also includes two billboards. The property is being sold in as-is condition. Easy access to Limekiln Pike, Cheltenham Ave, Route 309, Stenton Ave and Broad St.
Listing By RE/MAX @ HOME
Data Last Updated 4:38am - 05/09/2021
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