Land Development Flip in Philadelphia

[Robert Palladino]

Has anyone had experience flipping vacant lots in Philadelphia?

I am experimenting with the idea of purchasing a vacant lot in Philadelphia, and obtaining the zoning & building permits for new construction so that the lot is shovel ready, then advertising the property to developers. I think that it would appeal to developers who want to limit their holding costs/time. 

I am an Architect, so I can avoid most of the associated soft costs (+/-$10k). I have my eye out for lots zoned for multi-family, or single family that have the potential to be subdivided.  

Any thoughts or experience would be greatly appreciated