Philadelphia, PA 19104,4212-16 LANCASTER AVE
Philadelphia, PA 19104,4212-16 LANCASTER AVE
Philadelphia, PA 19104,4212-16 LANCASTER AVE
$350,000
Est. payment /mo
$370,000
5.4%
Est.Price: ?

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7,528 SqFt
SOLD DATE : 07/12/2024

Key Details

Sold Price $350,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 7,528 sqft

Price per Sqft $46

Subdivision None Available

MLS Listing ID PAPH2347058

Sold Date 07/12/24

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $5,319

Tax Year 2023

Lot Size 2,653 Sqft

Acres 0.06

Lot Dimensions 79 x 32

Property Description

Amazing development opportunity nestled away within a Federal Qualified Opportunity Zone, this gem awaits on Lancaster Ave's bustling commercial strip.

Positioned in West Philly's sought-after Haverford neighborhood, this 7,500 Sq/Ft corner building, reminiscent of flat iron style architecture, beckons a visionary owner. Boasting expansive storefront exposure and additional residential rentals along Lancaster Ave, the heartbeat of West Philadelphia, it promises unrivaled opportunity.

Surrounded by burgeoning development and blessed with CMX-2 zoning, this property offers boundless potential. An investor's dream, it invites the infusion of creativity to elevate value and reap substantial income rewards.

The rooftop rights are reserved by others via easement and will not transfer to new owner.

Boasting an impressive Walk Score of 83, most daily errands can be easily accomplished without relying on a car. With a Transit Score of 70, convenient public transportation options are available for most journeys, while a Bike Score of 82 highlights the abundant biking infrastructure.

Indulge in nearby culinary delights at restaurants like Imperial Caribbean and Seafood, Lavish, and Hubies Southern Style Cuisine.

Education options abound with Martha Washington School, St. Ignatius of Loyola, and Belmont Charter School in close proximity.

Grocery shopping is a breeze with Sunshine Food Market, Quick & Quality, and Las 7 P Mini Market nearby.

Enjoy easy access to public transportation with the Lancaster Ave & 42nd St stop just two minutes away from bus routes such as the 10 13th-Market to 63rd-Malvern and the 43 Richmond-Cumberland to 50th-Parkside.

Take a stroll through nearby green spaces like Lee Park, Durham Park, and Durham Park. Don't miss your chance to explore this vibrant neighborhood – schedule your visit today!

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning CMX-2

Interior

Hot Water Natural Gas

Heating None

Cooling None

Heat Source Natural Gas

Exterior

Water Access N

View City, Street

Accessibility None

Garage N

Building

Lot Description Corner

Sewer No Septic System, Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 882933675

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Cash,Other

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Maria Maria Quattrone Quattrone • RE/MAX @ HOME
Bought with Ryan Bullock • KW Empower

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Irma Rodriguez

+1(302) 357-1823

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