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3946-3948 Lancaster Ave
Philadelphia, PA 19104
Retail Property For Sale
EXECUTIVE SUMMARY
40th & Lancaster Ave in Phila mixed use building is in the University City area.
Being sold with 3948 Lancaster Ave the storefront space has a permitted walk thru to 3948 Lancaster Ave retail space and was recently renovated which opens up additional business opportunities. There is a nice backyard outdoor space which also opens up additional business opportunities.
There is a income producing four bedroom apartment space on the upper floors which can be rented ( possible college student rentals) or owner occupied.
Being sold with 3948 Lancaster Ave the storefront space has a permitted walk thru to 3948 Lancaster Ave retail space and was recently renovated which opens up additional business opportunities. There is a nice backyard outdoor space which also opens up additional business opportunities.
There is a income producing four bedroom apartment space on the upper floors which can be rented ( possible college student rentals) or owner occupied.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,546 SF
Building Class
C
Year Built
1915
Price
$1,465,716 CAD
Price Per SF
$264.28 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.33
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
CMX-2 - In Philadelphia, CMX-2 zoning designates neighborhood-serving commercial mixed-use areas
Frontage
28’ on Lancaster Avenue
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $975,564 CAD | |
| Land Assessment | $243,891 CAD | Total Assessment | $1,219,454 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$243,891 CAD
Improvements Assessment
$975,564 CAD
Total Assessment
$1,219,454 CAD
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