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    3641 Lancaster Ave Philadelphia, PA 19104

    For Lease
    $30 SF/Yr ($4,472 /Mo)

    Ground floor retail space in thriving University City neighborhood.

    Property size:
    1,789 SF
    Lot size:
    0.03 Acres

    Property Features for 3641 Lancaster Ave

    General Information

    Size
    1,789 SF
    Lot size
    0.03 Acres

    Source: MPN Realty, Inc. Agent Joe Scarpone

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in University City

    This property offers 4,005 +/- SF of ground floor retail space, divided into three units. Unit 1 comprises 1,789 +/- SF with an additional 222 +/- SF basement, Unit 2 offers 934 +/- SF, and Unit 3 provides 1,282 +/- SF. The units can be leased individually or combined. The property is zoned CMX-2 and is suitable for a neighborhood market, light retail, fitness center, or medical office. Situated in University City, the property is located directly behind the UCity development along Market Street, a project featuring 10.5 million square feet within 15 existing and 10 newly constructed buildings, including multi-family residences, office spaces, lab spaces, and a planned hotel tower. University City, the easternmost portion of West Philadelphia, is home to the University of Pennsylvania, Drexel University, and the University City campus of Saint Joseph’s University. The area also includes several medical institutions, independent centers of scientific research, and 30th Street Station.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.19463
    Latitude
    39.95931

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    FAQs

    What type of property is this?
    Retail space - Ground floor retail space in thriving University City neighborhood.
    Where is this retail space located?
    The property is located at 3641 Lancaster Ave Philadelphia, PA.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - Located directly behind the UCity development (10.5 million SF of mixed-use space) ensuring high foot traffic and visibility.; - Flexible space: 4,005 +/- SF retail space comprised of three units that can be leased individually or combined.; - Positioned in University City, a vibrant area with universities, medical institutions, and research centers.
    (215) 520-5091
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    3641 Lancaster Ave Philadelphia, PA 19104
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    Philadelphia, PA 19104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3641 Lancaster Ave Philadelphia, PA 19104
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