4916-4920 LANCASTER AVE #4916-4920 Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19131
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,472 sqft
Price per Sqft $323
MLS Listing ID PAPH2372730
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $1,902
Tax Year 2024
Lot Size 1,445 Sqft
Acres 0.03
Lot Dimensions 17.00 x 85.00
Property Description
4916-4920 Lancaster Ave Philadelphia, Pa 19131 CMX-2 Collection: Six (6) small scale commercial and residentual use condominiums, 7,502 square feet CMX-2 Lifestyle: space to work, live and entertain.
OPPORTUNITY ZONE INVESTMENT UPENN CLOSING COST REDUCTION PROGRAM. Perfectly situated just 10 minutes from the University of Pennsylvania and Drexel University, 16 minutes from Amtrak 30th Street Station, and 20 minutes from Philadelphia International Airport, this opportunity offers unrivaled convenience and potential for growth.
Three Versatile Storefronts, that can be transformed into various businesses such as an insurance office, law office, co-working spaces, wireless store, dine-in or take-out restaurant, or even a 1,200-square-foot event space. Imagine the possibilities and capitalize on the high-visibility location!
Upon completion Three Spacious Inviting Bedroom-Apartments with a potential of strong rental income of $2,500 per storefront and $2,500 per apartment, making this a lucrative opportunity for long-term returns.
Mini-Mall Potential environment where the storefronts attract diverse businesses while the apartments provide valuable residential rental income
Unit 4916: Charming 2-story residential unit with two 950 sq. ft. loft apartments. Each apartment boasts beautiful 2-inch Red Oak Appalachian hardwood floors and updated bathrooms. Enjoy outdoor living with a spacious backyard on the first floor and a relaxing deck on the second floor.
Unit 4918: Dynamic 2-story commercial space offers two 1,400 sq. ft. storefronts, both featuring 2-inch Red Oak Appalachian hardwood floors and accessible bathrooms. The first-floor space includes a 304 sq. ft. backyard, while the second floor features a 153 sq. ft. deck. Ideal for a variety of business ventures including offices, co-working spaces, or an event venue.
Unit 4920: 2-story house with 1,908 sq. ft. of space, featuring 2 updated bathrooms and elegant 2-inch Red Oak Appalachian hardwood floors. This unit also includes a 304 sq. ft. backyard and a 153 sq. ft. deck, offering a comfortable living environment.
All three units present a fantastic opportunity for customization with an outstanding investment in an Opportunity Zone, with endless possibilities for savvy investors or business owners." Sold in as is condition" Seize this chance to create a thriving mixed-use development with residential and commercial spaces.
These properties have not been completely renovated and are being sold in their "AS IS" condition. Seller will not be making any repairs. *Photos are Virtually staged*
Location
State PA
County Philadelphia
Area 19131 (19131)
Zoning CMX2
Interior
Hot Water Other
Heating None
Cooling None
Heat Source Natural Gas Available
Exterior
Utilities Available Electric Available,Natural Gas Available
Waterfront N
Water Access N
Accessibility Other Bath Mod
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871569440
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard