318-320 Budd Street, located in a prime location off of Powelton and Market Streets, is an excellent development opportunity in University City with new construction and developments sprouting up all over the area. Boasting a 50 foot by 112 foot lot size, this former garage is a unique opportunity. Currently a two story warehouse/ garage with massive overhead doors, the first floor consists of open space, with huge ceiling height, an abundance of internal electric, and concrete floors. The second floor would easily convert into four to six apartments. This property offers extremely close proximity to Penn and Drexel, and creates the opportunity to develop a valuable multi-unit building, duplexes or row homes for student housing and generous rental revenue! In its current condition the property does need work throughout, so please exhibit caution when showing the property and bring a flashlight. Can also buy the vacant lot at 317 N 41st! There are existing variances as offices, car repair shop, construction company & apartments. Please call Paul for more information. Check OPA for 2019 taxes due to possible citywide reassessment.