Philadelphia, PA 19131,4916-4920 LANCASTER AVE #4916-4920
Philadelphia, PA 19131,4916-4920 LANCASTER AVE #4916-4920
Philadelphia, PA 19131,4916-4920 LANCASTER AVE #4916-4920
Philadelphia, PA 19131,4916-4920 LANCASTER AVE #4916-4920
Philadelphia, PA 19131,4916-4920 LANCASTER AVE #4916-4920
Philadelphia, PA 19131,4916-4920 LANCASTER AVE #4916-4920
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$ 800,000
Est. payment | /mo

2,472 SqFt


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$ 800,000
Est. payment | /mo
Save

2,472 SqFt

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

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

Bright MLS (BMLS)
Listed by Rosalie Hadulias • Keller Williams Realty - Atlantic Shore
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(215) 920-2116

janis@settledownphiladelphia.com

444 N 4th St, Philadelphia, PA, 19123, United States

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4916-4920 LANCASTER AVE #4916-4920