$4,100,000
$4,375,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
1.5 Acres Lot
SOLD DATE : 02/04/2019
Key Details
Sold Price $4,100,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID 1003279681
Sold Date 02/04/19
HOA Y/N N
Originating Board TREND
Annual Tax Amount $4,735
Tax Year 2018
Lot Size 1.500 Acres
Acres 1.5
Lot Dimensions 0X0, LotWidth:900
Property Description
The Ravello is a proposed 175-unit luxury apartment development opportunity situated on 14.4 acres. The approved structure is a four-story, wood frame apartment complex to be constructed over a one-story steel and concrete parking garage which accommodates 150 cars, in addition to 147 surface parking spots. The Ravello is a fully entitled site, construction permit ready and is the first Class A Luxury Apartment Site within 9 miles. The property is adjacent to Exelon Corporation, Anson B. Nixon Park, and within walking distance to downtown Kennett Square Borough.
Location
State PA
County Chester
Area Kennett Twp (10362)
Zoning C
Rooms
Other Rooms Primary Bedroom
Exterior
Waterfront N
Water Access N
Parking Type None
Garage N
Building
Sewer On Site Septic
Water Well
New Construction N
Schools
School District Kennett Consolidated
Others
Tax ID 62-04 -0001
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Eric Kuhn • Pillar Real Estate Advisors