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**BY RIGHT OPPORTUNITY 22 UNITS OVER THE COUNTER** Great opportunity to acquire a development project in the growing neighborhood of Francisville/Fairmount where there is new construction all over the place! The addresses being sold are 1421-25 W Poplar St. The property itself is roughly about 13,530 Sq/Ft and was previously being ran as a rooming hotel and has 31 active rooming licenses. The top floor of the property caught fire back in March of 2023 so the Hotel is no longer operating. The property sits on a lot that is 8,725 Sq/Ft and zoned RM-1 so you can either renovate the existing structure or demolish the building and build from the ground up. Building from the ground up by right you can build 22 units. This can be your next development project to turn into a cash flowing machine. The property is located just minutes away from the Girard Ave Broad St Line Subway stop so you can get down to center city within 10 minutes. Even more conveniently located is the MET which is the next block over. Walk Score: 88, Transit Score: 81, Bike Score: 82. Nearby parks include Francisville Playground, Franklintown Park and Edgar Allan Poe National Historic Site.
Listed by Maria Maria Quattrone Quattrone of RE/MAX @ HOME

Property Details of 1421 & 1423-25 Poplar Street

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