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    5623 Lancaster Ave Philadelphia, PA 19131

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    For Sale
    $695,000

    3,200 SF flex/industrial property with frontage on Lancaster Avenue.

    Property size:
    3,200 SF
    Lot size:
    0.40 Acres

    Property Features for 5623 Lancaster Ave

    General Information

    Size
    3,200 SF
    Lot size
    0.40 Acres

    Source: Binswanger - Corporate Agent Jason Ostach

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

    Overview

    Lancaster Avenue Flex/Industrial Property

    This 3,200 square foot flex/industrial property is situated on 0.39 acres. It features two drive-in doors, one measuring 10 feet by 12 feet and another measuring 14 feet by 13 feet. The property has approximately 143 feet of frontage on Lancaster Avenue, a highly traveled road. Zoned ICMX (Industrial Commercial Mixed-Use) by the City of Philadelphia, the property is located approximately 2 miles from the I-76 ramp, providing convenient access to Center City Philadelphia and bridges to New Jersey. Estimated 2022 taxes are $13,603.25.
    Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Performance Meal Prep, Sisterlovellc, Kreations by Krystal, Beri bites, Island American Treats

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.235163
    Latitude
    39.980939

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    FAQs

    What type of property is this?
    Flex space - 3,200 SF flex/industrial property with frontage on Lancaster Avenue.
    Where is this flex space located?
    The property is located at 5623 Lancaster Ave Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - Prime frontage (approx. 143') on highly traveled Lancaster Avenue.; - Zoning ICMX - Industrial Commercial Mixed-Use - City of Philadelphia.; - Easy access to Center City Philadelphia and bridges to New Jersey via I-76 (approx. 2 miles).
    (856) 630-0774
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    Philadelphia, PA 19131
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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
    5623 Lancaster Ave Philadelphia, PA 19131
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