4401-4427 LANCASTER AVE, Philadelphia, PA 19104
4401-4427 LANCASTER AVE, Philadelphia, PA 19104
4401-4427 LANCASTER AVE, Philadelphia, PA 19104
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Ana Vazquez

Ana Vazquez

+1(240) 213-8895
Listed by Jarrell James • KW Empower
$875,000
Est. payment /mo
10,084 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Mantua

MLS Listing ID PAPH2394438

Year Built 1915

Annual Tax Amount $1,985

Tax Year 2019

Lot Size 10,084 Sqft

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

Development Opportunity in West Philadelphia's Qualified Opportunity Zone. Offered at $875,000. A 10,000+ sq ft corner development site at Lancaster Ave and Belmont Ave, connecting University City to City Line Ave. This CMX-2 zoned assemblage is seven parcels: 4401, 4421, 4423, 4425 and 4427 Lancaster Ave and 892 and 894 Belmont Ave, totaling approximately 10,084 sq ft of land. Development Highlights: CMX-2 zoning allows for by right mixed use development. Conceptual plans for 25 to 30 residential units with commercial on the ground floor, with a path to 40 to 55 units through green roof and affordable housing bonuses and a height variance, depending on City approvals. Corner site with double frontage and strong walkability. Located in a Qualified Opportunity Zone. Buyers should consult their own tax advisor. Transit Oriented Location: Immediate access to SEPTA trolley and bus routes. Minutes to University City, Center City and the Main Line. Easy access to Route 1, City Ave and I-76. The property is not entitled and the site is not cleared. Conceptual plans are concepts only and have not been approved. Offering memorandum, zoning analysis and preliminary architectural work available upon request. Delivered as is. Buyer is responsible for their own due diligence.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning CMX2

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source Electric

Exterior

Utilities Available Sewer Available, Water Available

Water Access N

View Street

Roof Type Flat

Street Surface Black Top,Concrete,Paved

Accessibility No Stairs

Garage N

Building

Lot Description Not In Development

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Overbrook

School District The School District Of Philadelphia

Others

Tax ID 882933865

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Financing Cash,Conventional,Exchange

Special Listing Condition Standard

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Bright MLS (BMLS)

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