3635 Lancaster AvePhiladelphia, PA 19104

  • Mixed-use properties
  • 2,600 SF
For Lease
$20/SF/YR View listing

Property Details for 3635 Lancaster Ave

Year built
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.03 AC
Property size (Sq ft)
2,600 SF
Zone code
CMX2
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
87-1-4021-70
APU
871402170

Description

This exceptional 1200 square foot creative office space, located at 3635 Lancaster Avenue in Philadelphia, Pennsylvania's University City submarket, is situated in a Class B building (2800 total square feet) renovated in 2009. The single-tenant space boasts a desirable open floor plan, ideal for businesses seeking a flexible and inspiring workspace. High ceilings and abundant natural light create a vibrant atmosphere, perfect for fostering creativity and collaboration. Its prime location directly across from the Univ X development places it within a thriving and rapidly growing community. The property offers a unique blend of modern design and urban charm, making it an attractive option for a variety of businesses, including tech startups, design studios, and consultancies. The address is 3635 Lancaster Avenue, Philadelphia, PA 19104. This space provides an excellent opportunity to establish a presence in a dynamic and sought-after area of Philadelphia. The property is easily accessible and benefits from the energy and amenities of the surrounding University City neighborhood. This is a single-tenant occupancy in a building with a total of 2800 square feet.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $732,116
    6.5%
    $675,799
    7%
    $627,528
  • Comparable approach

    Method
    Valuation
    Relative Method
    $339,716
    Geo Method
    $339,716
  • Alternative Use

    Use
    Valuation
    Residential
    $837,991
    Hospitality
    $767,595
    Educational
    $638,630
    Medical
    $660,594
    Retail
    $993,424
3635 Lancaster Ave, Philadelphia, Pennsylvania

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9592
Longitude
-75.1945
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
$5,302
$75,760
$303,040
$378,800
-
$75,760
$303,040
$378,800

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