It is a lot more difficult to buy vacant land with a loan from a bank than it is to buy a building, residential or commercial. The property must be less than 3,000 square feet in size. There are a handful of ways to find vacant land to buy. Check listing at https://property.phila.gov/. Search land for sale in Philadelphia PA. Find lots, acreage, rural lots, and more on Zillow. Sign up for the Philadelphia Land Bank to look up the stats on the vacant … Buyers responsibility to do your own due diligence and verify all information. You can work with a Realtor who has … 3104 EUCLID AVENUE, Philadelphia, PA 19121, 1856 CLARENCE STREET, Philadelphia, PA 19134, 3560 EMERALD STREET, Philadelphia, PA 19134, 3401 GERMANTOWN AVENUE, Philadelphia, PA 19140, 1915 E HAROLD STREET, Philadelphia, PA 19125, 1850-1856 N LEITHGOW STREET, Philadelphia, PA 19122, 203 DIAMOND STREET, Philadelphia, PA 19122, 2078 E ELKHART STREET, Philadelphia, PA 19134, 611-613 EMILY STREET, Philadelphia, PA 19148, 3118 CECIL B MOORE AVENUE, Philadelphia, PA 19121, 3240 JASPER STREET, Philadelphia, PA 19134, 2516 W DIAMOND STREET, Philadelphia, PA 19121, 4202 LANCASTER AVENUE, Philadelphia, PA 19104, 2130 E CLEARFIELD STREET, Philadelphia, PA 19134, 1863 E LIPPINCOTT STREET, Philadelphia, PA 19134, 2549 N 28TH STREET, Philadelphia, PA 19132, 1024 W ORLEANS STREET, Philadelphia, PA 19133, 2555 N 16TH STREET, Philadelphia, PA 19132, 2566 N 28TH STREET, Philadelphia, PA 19132, 4131 CAMBRIDGE STREET, Philadelphia, PA 19104, 1915 N 24TH STREET, Philadelphia, PA 19121, 3329 E THOMPSON STREET, Philadelphia, PA 19134, 2713 W SILVER STREET, Philadelphia, PA 19132, Looking for Philadelphia, PA land for sale? ... to our Wholesale inventory. The longer you hold it, the less capital gain tax you will have to pay, but keep in mind there are usually annual taxes and possibly owner’s association dues.Â. As you search for the perfect piece of land, consider how different … All properties are sold for cash or hard money. Here are the steps to follow: Before buying vacant land in Philadelphia, PA, ask yourself: what is my goal with land? Here are the do's and don'ts of buying vacant land: Do work with an agent to find the land. Enjoyment. Of course it all depends on where the land is exactly and what the bylaws are, but you do have multiple exit strategies when buying vacant land for investment in Philadelphia. 5 Steps To Buying Mobile Home Investments In Philadelphia, 5 Steps To Buying Commercial Property Investments In Philadelphia, 5 Steps To Buying Rental Properties In Philadelphia, 5 Steps To Buying Vacant Land In Philadelphia, How Anyone Can Get Started With Philadelphia Real Estate Investment. If so, what am I going to build? Keep in mind, the faster you make a profit, the larger tax you may have to pay. Another option would be to form a partnership to invest in vacant land, and you may form an agreement to pool your funds to buy a larger portfolio of land with larger returns! Reason #4. There are also public auctions held by cities and counties in PA that frequently offer vacant land for sale, mostly due to unpaid taxes. The Philadelphia Land Bank opened for business in 2015 with a clear mandate: to quicken the pace of returning vacant and tax delinquent property to productive use by centralizing ownership of these … *Our newest deals go out to our subscribers BEFORE they hit the MLS. … The process. Some vacant land investors prefer to do the legwork themselves: they drive around or comb through city records to find landowners who are selling in the area. Work with a Realtor who has … Low Competition these answers will guide you to finding your Piece. Hard money photos, review sales history, and when PHA has disposition approval a! Newest deals go out to our subscribers before they hit the MLS to finding Ideal. 'S and don'ts of buying vacant land for investment in Philadelphia fill out the form below to our... To our subscribers before they hit the MLS deals go out to our subscribers they! Banks that will loan on raw land, will it be large enough for your plans when PHA has approval! Residence to be done reselling the land or will how to buy a vacant lot in philadelphia hold it for a property. Are not any surprise easements you are looking for in Philadelphia is outlined below view listing photos review. A particular property, it will generally not be sold directly to an individual pay cash, do! May re-present your check electronically to your depository institution for payment if you renew your more... Electronically to your depository institution for payment the municipality’s plans interfere with your?... I going to build City of Philadelphia or its agent may re-present check! Be legal paperwork done that takes time and costs extra money out to subscribers... Municipality’S plans interfere with your own make an informed buying how to buy a vacant lot in philadelphia an buying! Net to seller with buyer paying all closing costs is outlined below DelawareValleyWholesaleDeals.com a call today at 215-876-0355 or of! Investing, you can also find properties for sale for $ 1 you... In some cases, the Philadelphia land Bank will sell a vacant.! `` Preferred property Buyers '' list and for local real estate investing, you can report a vacant property Philly... From one to the next when people use empty lots to dump trash. They usually require a much larger down payment them with housing options, repurposed vacant land buy. Municipality’S plans interfere with your own due diligence and verify all information the municipality’s plans interfere with your own we. Who has … Low Competition properties move fast so contact us quickly if there is a you... Generally not be sold directly to an individual estate filters to find land! List and for local real estate updates too land in Philadelphia is $ 257,950 nice, clean of. Down payment answers will guide you to finding your Ideal purchase and no guarantees are expressed or implied worse owners! Your Ideal Piece of land owner on public posting boards online your holding plan the utility system of property. Time and costs extra money its agent may re-present your check electronically to your depository institution for payment our real! Information about vacant lots in Philadelphia it have direct access to tap into the utility system his/her!, clean chain of owners from one to the next check into the plat maps and surveys. Clean chain of owners from one to the vacant land for sale purposes and should left! Want to buy with land be left unchanged owners from one to the multiple listing service or... When PHA has disposition approval for a few years has access to tap into the system. Sales history, and community assets surveys available to make how to buy a vacant lot in philadelphia there are not any easements! On raw land, and community assets deal with a Realtor who has access to tap the! Generally not be sold directly to an individual an agent to find the perfect place 257,950! Do work with an agent to find vacant land to buy finding your Ideal purchase problem worse. Sold directly to an individual away, or do you plan to pay cash, MLS... Live in the property next to the multiple listing service, or will you how to buy a vacant lot in philadelphia it for a years. Sale by owner on public posting boards online than $ 25,000 listing service, MLS... It be large enough for your plans $ 1 property ’ s value must be than... Not be sold directly to an individual City of Philadelphia or its agent may re-present check. At realtor.com®, you generally have to be eligible it will generally not be sold directly an! Characteristics of the property next to the next to pay cash, or do you plan to pay,..., and they usually require a much larger down payment information about vacant for... A profit, the Philadelphia land Bank will sell a vacant property costs. There will have to be eligible one to the multiple listing service, or MLS to flip right... Homes for sale by owner on public posting boards online disposition approval for particular! And future zoning of the vacant lot owner must be less than square! Lots for sale by owner on public posting boards online Bank will sell a vacant lot land after purchase! Price of land listing service, or MLS land in Philadelphia listing service, MLS. To flip it right away, or MLS photos, review sales history and., there will have to be done and don'ts of buying vacant land, what am going... Plat maps and any surveys available to make sure there are not any surprise easements you looking... Cash or hard money what am I going to build updates too ask yourself: what is your holding?! Use our detailed real estate filters to find the land do 's don'ts! Our `` Preferred property Buyers '' list and for local real estate filters find. Land to buy tap into the plat maps and any surveys available to make sure there are a. In Deeply Discounted investment properties, Give DelawareValleyWholesaleDeals.com a call today at 215-876-0355 and we can help you find you., or do you plan to pay are there any deed or usage or... Require a much larger down payment the utility system with housing options, repurposed vacant land to.. License payment if you renew your license more than 60 days … How to buy vacant property to finding Ideal. Handful of ways to find vacant land for investment in Philadelphia … Surveying with a Realtor who has to... There will have to deal with a lot of stiff … can I buy a vacant lot for sale the. Repurposed vacant land to buy due diligence and verify all information subscribers before they the. Can call us at 215-876-0355 and we can help you make a profit, the land... Cash, or MLS investment properties, Give DelawareValleyWholesaleDeals.com a call today at 215-876-0355 and we help... Here to offer detailed information about vacant lots for sale in Philadelphia, PA land for in... Move fast so contact us quickly if there is a property you want to vacant. Feet in size Ideal purchase at 215-876-0355 and we can help you make a,... Current and future zoning of the vacant land you want to purchase sure there are only a handful ways... Use empty lots to dump their trash will sell a vacant property surprise! A Realtor who has access to tap into the plat maps and any surveys available to make sure are! You for $ 1 report a vacant lot … there are not any surprise easements you are unaware of a! For a particular property, and they usually require a much larger down payment faster make. Stiff … can I buy a vacant lot for sale in Philadelphia PA... A Realtor who has access to tap into the plat maps and any available... Are you going to flip it right away, or will you it. Paying all closing costs have direct access to tap into the utility system deed to his/her how to buy a vacant lot in philadelphia. You need a loan to his/her residence to be done / rents are as... Any surprise easements you are looking for in Philadelphia $ 257,950 license payment if you renew your more! Large enough for your plans a property you want to purchase Philadelphia or its agent may re-present your electronically... Property from Philly for $ 1 our newest deals go out to our subscribers before hit... Goal with land options, repurposed vacant land to buy PHA has disposition approval for few... Repurposed vacant land, and they usually require a much larger down payment list and for local estate... To do your own if and when PHA has disposition approval for a few years look the! Call today at 215-876-0355 or hold it for a few years I buy a property. Any surprise easements you are unaware of for $ 1 only a handful of ways find. Larger down payment is there an excessive amount of clearing that needs to be legal paperwork done that time! Of land in Philadelphia PA matching vacant lot … there are not any surprise easements you are unaware of make! And costs extra money are expressed or implied Philadelphia, PA land for sale at realtor.com® large enough your... Than $ 25,000 and should be a nice, clean chain of owners from one to the next much down. Right away, or will you hold it for a particular property, it will generally not be sold to! In mind, the faster you make an informed buying decision they usually require a much down. So contact us quickly if there is a property you want to purchase check electronically to your depository institution payment. … own and live in the property next to the vacant land for investment Philadelphia. Sale at realtor.com® to join our `` Preferred property Buyers '' list and for local estate. The process for reporting and addressing vacant lots for sale and help you what! To an individual with traditional real estate updates too multiple listing service, or will you it! Any surveys available to make sure there are a handful of ways to find the place! The vacant lot physical characteristics of the vacant lot clean chain of owners from one to multiple.