3635 Lancaster AvePhiladelphia, PA 19104

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

Investment properties

Property subtype

Live-work space

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.

• 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

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

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