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
High School District THE SCHOOL DISTRICT OF PHILADELPHIA
MLS Area 19104 (19104)
Municipality PHILADELPHIA
New Construction No
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 84.53
Property SubType Other
Property Type Multi-Family
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
Lot Size Square Feet 2818.00
Navigable Water Y/N No
Pool Y/N No Pool
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
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19104

Price
AVG $280K
$500K
Taxes
AVG $1,780
$3,502
Visits
AVG 42
231
Year Built
AVG 1944
1925
Walkscore
AVG 83
90
Data Provided by Walkscore ® not using MLS data

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