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Retail Space with Basement
For Lease
$25 SF/Yr

3645-47 LANCASTER Avenue, Philadelphia, PA 19104

CommercialLease, PHILADELPHIA, PA

Space Size2,011 SF
Lot Size0.10 Acres
Days on Market868

Property Features for 3645-47 LANCASTER Avenue

General Information

Property type Other
Property subtype Retail
Subdivision UNIVERSITY CITY
Elementary school district THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district THE SCHOOL DISTRICT OF PHILADELPHIA
High school district THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status Active
Lot size 0.10 Acres

Building Details

Year built 1900
Number of units 3
Building materials Masonry
Listing Agency: Mallin Panchelli Nadel Realty Inc
Listed By: Veronica Gintel Blum · License #RS290724
Added: Apr 24, 2024 Changed: Sep 4 Last Checked: Sep 8 at 10:06PM
MLS# PAPH2346794

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Unit 1 at 3645-47 Lancaster Avenue is configured as office space within a masonry building constructed in 1900. The premises include 1,789 +/- SF on the main level and an additional 222 +/- SF basement. The stated use profile includes a neighborhood market, light retail, fitness, and medical office operations.

The property is positioned behind the University City development along Market Street, a mixed-use project comprising 10.5 million square feet across 15 existing and 10 newly constructed buildings. University City is across the Schuylkill River from Center City and includes the University of Pennsylvania, Drexel University, and Saint Joseph’s University campus facilities. The surrounding institutional setting also includes medical institutions, research centers, and 30th Street Station.

Key Highlights

  • Unit 1 includes 1,789 +/- SF plus a 222 +/- SF basement
  • Currently configured as office space
  • Masonry construction with 1900 build year

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Furniture & Home Goods Auto Parts Store Butcher Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,231
Businesses Nearby

Demographics for 19104, PA

56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value

Market

Lease Benchmarks for Philadelphia, PA

$23.28 /SF/Yr
Avg Asking Price
$3.32–$100 /SF/Yr
Price Range
7,465 SF
Avg Space Size

This space is priced 7% above the average of $23.28 /SF/Yr.

Vacancy Rate% for Office in Philadelphia, PA

14.2% 2019
14.1% 2020
16.2% 2021
19% 2022
20.5% 2023
19.6% 2024
19.7% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Office-built space supports neighborhood retail, fitness, or medical office use.
Where is this retail space located?
The property is located at 3645-47 LANCASTER Avenue Philadelphia, PA.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Unit 1 includes 1,789 +/- SF plus a 222 +/- SF basement; Currently configured as office space; Masonry construction with 1900 build year
More about this property
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