Courtesy of Rosalie Hadulias, Keller Williams Realty – Atlantic Shore klrw794@kw.com
Property Description
4916-4920 Lancaster Ave Philadelphia, Pa 19131 CMX-2 Collection: Six (6) small scale commercial and residential use condominiums, 7,502 square feet CMX-2 Lifestyle: space to work, live and entertain. OPPORTUNITY ZONE INVESTMENT UPENN CLOSING COST REDUCTION PROGRAM. Perfectly situated just 10 minutes from the University of Pennsylvania and Drexel University, 16 minutes from Amtrak 30th Street Station, and 20 minutes from Philadelphia International Airport, this opportunity offers unrivaled convenience and potential for growth. Three Versatile Storefronts, that can be transformed into various businesses such as an insurance office, law office, co-working spaces, wireless store, dine-in or take-out restaurant, or even a 1,200-square-foot event space. Imagine the possibilities and capitalize on the high-visibility location! Upon completion Three Spacious Inviting Bedroom-Apartments with a potential of strong rental income of $2,500 per storefront and $2,500 per apartment, making this a lucrative opportunity for long-term returns. Mini-Mall Potential environment where the storefronts attract diverse businesses while the apartments provide valuable residential rental income Unit 4916: Charming 2-story residential unit with two 950 sq. ft. loft apartments. Each apartment boasts beautiful 2-inch Red Oak Appalachian hardwood floors and updated bathrooms. Enjoy outdoor living with a spacious backyard on the first floor and a relaxing deck on the second floor. Unit 4918: Dynamic 2-story commercial space offers two 1,400 sq. ft. storefronts, both featuring 2-inch Red Oak Appalachian hardwood floors and accessible bathrooms. The first-floor space includes a 304 sq. ft. backyard, while the second floor features a 153 sq. ft. deck. Ideal for a variety of business ventures including offices, co-working spaces, or an event venue. Unit 4920: 2-story house with 1,908 sq. ft. of space, featuring 2 updated bathrooms and elegant 2-inch Red Oak Appalachian hardwood floors. This unit also includes a 304 sq. ft. backyard and a 153 sq. ft. deck, offering a comfortable living environment. All three units present a fantastic opportunity for customization with an outstanding investment in an Opportunity Zone, with endless possibilities for savvy investors or business owners. Sold in as is condition Seize this chance to create a thriving mixed-use development with residential and commercial spaces. These properties have not been completely renovated and are being sold in their AS IS condition. Seller will not be making any repairs. *Photos are Virtually staged*
Open House
Property Details and Features
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Basement
- Full
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Bathrooms
- 6 total bathrooms
- 6 bathrooms on main level
- 4 full bathrooms
- 4 full bathrooms on main level
- 2 half bathrooms
- 2 half bathrooms on main level
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Building
- 7,052 sqft living area
- 7,052 sqft above grade (finished)
- Built in 1925
- 2 levels
- Masonry
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Cooling
- None
- None
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Accessibility Features
- Other Bath Mod
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Heating
- Natural Gas Available
- None
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Listing
- 129 days on market
- $113 per sqft
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Location
- Municipality: PHILADELPHIA
- County: Philadelphia
- MLS Area: 19131 (19131)
- Subdivision: None Available
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Lot
- 1,445 sqft
- Lot Size Dimensions: 17.00 x 85.00
- 0.03 acres
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Property
- Other Structures: Above Grade
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Schools
- School District: THE SCHOOL DISTRICT OF PHILADELPHIA
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Sewer
- Public Sewer
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Taxes
- City/Town Tax: $858
- City/Town Tax Pymnt Freq: Annually
- County Tax Pymnt Freq: Annually
- School Tax: $1,043
- Tax Annual Amount: $1,902
- Tax Year: 2022
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Utilities
- Electric Available
- Natural Gas Available
Property Map
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This content last updated on November 23, 2024 12:02AM.