4408 Lancaster AvePhiladelphia, PA 19104

  • Commercial land
  • 2,526 SF
For Lease
$22/SF/YR View listing

Property Details for 4408 Lancaster Ave

Lot size
0.03 AC
Property size (Sq ft)
2,526 SF
Zone code
CMX2
Property type
Commercial land
APN
88-5-0586-60
APU
885058660

Description

This exceptional 4,199 square foot, five-story building at 4408 Lancaster Avenue in Philadelphia, PA 19104, offers a unique blend of retail and office space. Currently vacant, the property boasts a flexible layout suitable for various uses. The ground floor, totaling 1,967 square feet, is divisible into two approximately 980 square foot retail spaces. A substantial 2,200 square foot basement provides ample space for office, storage, or staff areas. With 13-foot ceilings, the interior is adaptable to diverse business needs, allowing for customization from a finished look to an exposed ductwork industrial aesthetic. Zoned CMX-2, this building features large windows and prominent street frontage on Lancaster Avenue. Its convenient location offers easy access to I-76 and I-676, along with excellent public transportation via bus routes and trolley service. Situated in a thriving commercial district, the property is surrounded by numerous retailers, restaurants, and service providers. The proximity to UPenn, Drexel University, HUP, and CHOP makes this an ideal location for businesses seeking a strategic presence in Philadelphia. The minimum divisible space is 1,987 square feet, with a maximum contiguous space of 2,212 square feet. The building was constructed in 2024 and has two suites. This is a truly remarkable opportunity for businesses seeking a modern, versatile space in a highly desirable Philadelphia location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $814,140
    Hospitality
    $745,748
    Educational
    $620,454
    Medical
    $641,792
    Retail
    $965,150

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9687
Longitude
-75.2117
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$706
$50,400
-
$50,400
-
$50,400
-
$50,400

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