3733 Lancaster AvePhiladelphia, PA 19104

Property Details for 3733 Lancaster Ave

Year built

1915

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.06 AC

Property size (Sq ft)

2,096 SF

Zone code

CMX2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

87-1-5301-70

APU

871530170

Description

This exceptional 1700-square-foot retail space is ideally situated near Drexel University, offering unparalleled access to a vibrant student population and surrounding community. The property is classified as a traditional office space within a CXM-2 zoning district, allowing for a variety of commercial uses. Currently configured as a single-tenant space, this property underwent a complete renovation in 2024, ensuring modern and efficient layouts. The main floor provides ample space for retail operations, while a sizable basement offers valuable storage capacity. Adding to its appeal is a small, private backyard area, providing additional outdoor space. This versatile property is perfect for a variety of businesses seeking a prime location with convenient amenities and updated facilities. The property type is listed as Retail, Office, and Restaurant, reflecting its adaptability to different commercial ventures. The single-tenant occupancy ensures exclusive use and control of the space. Interested parties are encouraged to inquire about lease terms and explore the possibilities this exceptional property presents. The combination of location, recent renovations, and versatile space makes this an outstanding opportunity for a discerning business owner.

• CAP approach

  CAP return

  Valuation

  6%

  $590,198

  6.5%

  $544,798

  7%

  $505,884

• Comparable approach

  Method

  Valuation

  Relative Method

  $273,863

  Geo Method

  $273,863

• Alternative Use

  Use

  Valuation

  Residential

  $675,549

  Hospitality

  $618,800

  Educational

  $514,834

  Medical

  $532,540

  Retail

  $800,853

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9603

Longitude

-75.1963

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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