For Sale
$800,000

4916 Lancaster Ave Philadelphia, PA 19131

Three buildings, six units, investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional mixed-use investment opportunity comprises three buildings totaling 7,052 square feet situated on Lancaster Avenue in Philadelphia, PA, 19131. The property, offered at $800,000 ($113.44/sq ft), consists of six units across three structures, all built in 1925 and currently vacant. The buildings feature a blend of residential and commercial spaces, presenting a unique chance for redevelopment or continued operation. Two buildings boast 2-story commercial spaces (CMX-2 zoning) each featuring approximately 1,400 square feet, handicapped-accessible bathrooms, and 2-inch Red Oak Appalachian hardwood floors. Each also includes a first-floor backyard (304 sq ft) and a second-floor deck (153 sq ft). The third building is a 1,908 sq ft, two-story residential building with two updated bathrooms and the same hardwood flooring, also featuring a 304 sq ft backyard and a 153 sq ft second-floor deck. Two of the residential units are 950 sq ft loft apartments. All three buildings are zoned for mixed use and are located in an Opportunity Zone. The location offers excellent access to major transportation arteries, including I-76 and I-95, Amtrak's 30th Street Station, and Philadelphia International Airport. The property is also within 10 minutes of the University of Pennsylvania and Drexel University. The buildings are being sold "AS IS," with no repairs to be made by the seller. Note that photos are virtually staged.

Highlights

  • $800,000 asking price for a vacant, mixed-use property.
  • 7,052 square feet across three buildings.
  • Six units total.
  • Located at 4916-4920 Lancaster Ave, Philadelphia, PA 19131.
  • Built in 1925, with two stories per building.
  • Mixed-use zoning (CMX-2).

Property Details for 4916 Lancaster Ave

Property type
Mixed-use properties
Square Feet
7,052 SF
Year Built
1925
Buildings
3
Stories
2
Units
6

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9739538
Longitude
-75.2204368

FAQs

What type of property is this?
Mixed-use property - Three buildings, six units, investment opportunity.
Where is the mixed-use property located?
The property is located at 4916 Lancaster Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: $800,000 asking price for a vacant, mixed-use property.; 7,052 square feet across three buildings.; Six units total.
How can I contact the broker?
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4916 Lancaster Ave
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