Address
4200-4202 Lancaster Avenue Philadelphia, PA
Price
$ 495,000
Property Attributes
  • MLS#PAPH838048
  • TypePending
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19104
  • NeighborhoodWest Powelton
  • Zip19104
  • StyleContemporary
  • Year Built1925
  • Taxes$ 3502
  • Price$ 495,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2,614 SqFt
Listing Provided Courtesy Of:
Keller Williams Philadelphia
Data Source:
Bright MLS
Property Description

Large corner development deal in OPPORTUNITY ZONE area of West Philly, right on the edge of Mantua & West Powelton, 3 blocks from Drexel Athletic fields. According to public record, the 2 parcels total 4,574 SF of land area zoned CMX2. Currently there is a shell property approx. 9100 SF interior space that sits across both parcels. If rehabbed, you could add a 3rd story to part of the existing structure to achieve more interior square footage. Or, you could easily demo the existing free standing building and build a 4 story brand new construction building, like what other developers are currently doing 2 blocks away at 40th & Lancaster. The total lot size & zoning allows for you to build 8 residential units above commercial unit(s) on ground level by right. Or take advantage of the cities Mixed Income Housing Program to achieve 2-4 additional residential units AND 7 feet in added building height, WITHOUT needing a variance. Corner property allows for commercial frontage along TWO main streets and tons of windows & natural light in apartments above. This deal is a no brainer long term when you consider surrounding future projects such as the $3.5B Schuylkill Yards Project and the $1B UCity Square Development, all positioning this neighborhood to become a new major East Coast innovation hub. **This is also being marketed as Commercial Sale - MLS# PAPH838096 Land - MLS# PAPH837886 and Multi-Family - MLS# PAPH838048 **

Price History
9/30/2019 Listed $495,000

General Features

Accessibility None
Architectural Style Contemporary
Construction Materials Masonry
Cool Fuel Other
Cooling Other
County PHILADELPHIA
Days on Market 23
Garage Y/N No
Heating Other
Lot Size Square Feet 2818.00
MLS Area 19104 (19104)
Municipality PHILADELPHIA
New Construction No
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Pool Y/N No Pool
Possession Immediate
Price Per Sq Ft 84.53
Property SubType Other
Property Type Multi-Family
School District THE SCHOOL DISTRICT OF PHILADELPHIA
School District 300200397108
Sewer Public Sewer
Structure Type Interior Row/Townhouse
Subdivision Name WEST POWELTON
Tax Annual Amount 3502.0
Tax Lot 212
Tax Year 2020
Total Units 1
Vacation Rental Y/N No
Water Access Y/N No
Zoning CMX2

Interior Features

Central Air Y/N No
Heating Fuel Other
Heating Y/N Yes
Hot Water Other
Living Area 5856

Exterior Features

Lot Dimensions 19.60 x 64.40
Lot Size Acres 0.06
Lot Size Source Estimated
Navigable Water Y/N No
Type of Parking On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 19104

Price
AVG $290K
$500K
Taxes
AVG $1,287
$3,502
Visits
AVG 76
341
Year Built
AVG 1950
1925
Walkscore
AVG 86
90
Data Provided by Walkscore ® not using MLS data

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