4323 LANCASTER AVE. new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19104
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,532 sqft
Price per Sqft $150
MLS Listing ID PAPH2495326
Year Built 1925
Annual Tax Amount $4,536
Tax Year 2024
Lot Size 4,800 Sqft
Acres 0.11
Lot Dimensions 40.00 x 120.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
4323 Lancaster Avenue presents a fully leased mixed use property offering a strong and stable investment opportunity in the heart of West Philadelphia along the Lancaster Avenue corridor. Situated close to the University of Pennsylvania, Drexel University, and Penn Presbyterian Medical Center, the property offers convenient access to Center City via the Route 10 trolley.
The building includes four stabilized units: two commercial spaces currently occupied by a daycare and a restaurant, both under triple net lease agreements, and two residential apartments, each with one bedroom and one bathroom. The property generates over eighty seven thousand dollars in annual net operating income.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871510840
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard