West Philadelphia Development
4401-4427 LANCASTER AVENUE Philadelphia, PA 19104
4401-4427 LANCASTER AVENUE, Philadelphia, PA, 19104
$975,000
For Sale
$975,000
Corner development site in West Philadelphia's Qualified Opportunity Zone.
Lot Size0.08 Acres
Days on Market679
Property Features for 4401-4427 LANCASTER AVENUE
General Information
- Standard status
- Active
- Lot size
- 0.08 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1915
Listing Agency
KW Empower
(267) 901-6296
Listed by
Jarrell J James · License #RS345750
(267) 901-6296
Source
Exitrealty
Added: Sep 9, 2024 Checked: Jul 19 at 5:19 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Empower
Investment Insights
Based on property information with market context.
This 10,084 square foot corner development site is located in West Philadelphia. The property is situated at the corner of Lancaster Avenue and Belmont Avenue, serving as a gateway connecting University City to City Line Avenue. The CMX-2 zoned assemblage includes multiple addresses on Lancaster Avenue and Belmont Avenue. The zoning allows for mixed-use development by-right. Conceptual plans are available for 25 to 30 residential units with commercial space on the ground floor. The corner lot offers double frontage and strong walkability. Potential zoning bonuses exist for a green roof and affordable housing. The property is located in a Qualified Opportunity Zone, offering tax advantages. The site is flat and cleared; former gas station tanks have been filled with sand. Immediate access is available to SEPTA trolley and bus routes. The location is minutes from University City, Center City, and the Main Line, with easy access to Route 1, City Avenue, and I-76. The surrounding area is experiencing ongoing commercial and residential development. Zoning analysis and preliminary architectural work are available upon request. The property is delivered as-is, and the buyer is responsible for due diligence.
Key Highlights
- Significant Price Reduction: Now offered at $975,000, previously listed at $1.1 million.
- Prime Development Opportunity: 10,000+ sq ft corner lot in a high‑visibility location.
- CMX‑2 Zoning: Allows for by‑right mixed‑use development (residential and commercial).
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Corner development site in West Philadelphia's Qualified Opportunity Zone.
Where is this commercial land located?
The property is located at 4401-4427 LANCASTER AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Significant Price Reduction: Now offered at $975,000, previously listed at $1.1 million.; Prime Development Opportunity: 10,000+ sq ft corner lot in a high‑visibility location.; CMX‑2 Zoning: Allows for by‑right mixed‑use development (residential and commercial).
