3635 Lancaster AvePhiladelphia, PA 19104
- Mixed-use properties
- 2,600 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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