PA > Philadelphia
Philadelphia, PA 19104,4323 LANCASTER AVE.
Philadelphia, PA 19104,4323 LANCASTER AVE.
Philadelphia, PA 19104,4323 LANCASTER AVE.
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Simone Velvel

Simone Velvel

+1(703) 507-7614
Listed by Steven Sooby • HomeSmart Realty Advisors
$980,000
Est. payment /mo
6,532 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 6,532 sqft

Price per Sqft $150

MLS Listing ID PAPH2495326

Year Built 1925

Annual Tax Amount $4,536

Tax Year 2024

Lot Size 4,800 Sqft

Acres 0.11

Lot Dimensions 40.00 x 120.00

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

4323 Lancaster Avenue presents a fully leased mixed use property offering a strong and stable investment opportunity in the heart of West Philadelphia along the Lancaster Avenue corridor. Situated close to the University of Pennsylvania, Drexel University, and Penn Presbyterian Medical Center, the property offers convenient access to Center City via the Route 10 trolley.

The building includes four stabilized units: two spacious commercial spaces, each over 1,500 square feet, currently occupied by a restaurant and a daycare, both under triple net lease agreements, and two residential apartments, each featuring one bedroom and one bathroom. This well-balanced unit mix offers both residential and commercial income streams, and the property generates over $87,000 in annual net operating income.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 871510840

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Read Less Info
Bright MLS (BMLS)
agent-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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4323 LANCASTER AVE.

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