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4022-4024 Lancaster Ave 6,400 SF Retail Building Philadelphia, PA 19104 $1,712,500 CAD ($267.58 CAD/SF)
Executive Summary
A rare opportunity to acquire a high-visibility, multi-use commercial building on one of West Philadelphia's most active and rapidly evolving commercial corridors. Situated at the corner of Lancaster Avenue and 42nd Street, 4022–24 Lancaster Avenue offers 6,200 square feet of ground-floor commercial space with a full basement — purpose-built for high-volume operations and backed by a history of diverse commercial uses including a full-service grocery market, restaurant, and nightclub lounge.
6,200 SF ground floor + full basement + ~1,000 SF second floor office
40' of frontage on Lancaster Avenue at 42nd Street
CMX-2 zoning with broad permitted commercial uses
Proven history as grocery, restaurant, and nightclub/lounge
SEPTA Route 10 trolley on-site; walkable and transit-rich
West Philadelphia submarket with strong development momentum
6,200 SF ground floor + full basement + ~1,000 SF second floor office
40' of frontage on Lancaster Avenue at 42nd Street
CMX-2 zoning with broad permitted commercial uses
Proven history as grocery, restaurant, and nightclub/lounge
SEPTA Route 10 trolley on-site; walkable and transit-rich
West Philadelphia submarket with strong development momentum
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,400 SF
Year Built/Renovated
1915/2020
Price
$1,712,500 CAD
Price Per SF
$267.58 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.20
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
CMX2
Frontage
40’ on Lancaster Ave
Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 882929110 | Improvements Assessment | $228,187 CAD |
| Land Assessment | $57,047 CAD | Total Assessment | $285,234 CAD |
Property Taxes
Parcel Number
882929110
Land Assessment
$57,047 CAD
Improvements Assessment
$228,187 CAD
Total Assessment
$285,234 CAD
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4022-4024 Lancaster Ave
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