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4401-4427 Lancaster Ave, Philadelphia, PA 19104

$875,000

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List Price: $875,000
Price Change: ▼ $100,000 1784143996
Days on Market: 274
Status: ACTIVE
MLS#: PAPH2583202
Lot Size (Acres): 0.23
Style: Other
Year Built: 1915
County: Philadelphia
School District: The School District Of Philadelphia

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Property Description

Development Opportunity in West Philadelphia's Qualified Opportunity Zone. Offered at $875,000. A 10,000+ sq ft corner development site at Lancaster Ave and Belmont Ave, connecting University City to City Line Ave. This CMX-2 zoned assemblage includes 4401, 4421, 4423, 4425, 4427 Lancaster Ave and 892 to 894 Belmont Ave, totaling approximately 10,084 sq ft of land. Development Highlights: CMX-2 zoning allows for by right mixed use development. Conceptual plans for 25 to 30 residential units with commercial on the ground floor. Corner site with double frontage and strong walkability. Potential zoning bonuses for green roof and affordable housing set aside. Located in a Qualified Opportunity Zone. Buyers should consult their own tax advisor. Transit Oriented Location: Immediate access to SEPTA trolley and bus routes. Minutes to University City, Center City and the Main Line. Easy access to Route 1, City Ave and I-76. The property is not entitled and the site is not cleared. Conceptual plans are concepts only and have not been approved. Zoning analysis, preliminary architectural work and proforma available upon request. Delivered as is. Buyer is responsible for their own due diligence.

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Additional Information

Area: 19104 (19104)
Subdivision: Mantua
School District: The School District Of Philadelphia
High School: Overbrook
View: Street
Heating: Forced Air
Cooling: Central Air
Roof: Flat
Utilities: Sewer Available, Water Available
Water: Public
Sewer: Public Sewer