4022-24 Lancaster Ave, Philadelphia, PA 19104
High-visibility, multi-use commercial building in rapidly evolving West Philadelphia corridor.
- Added:
- Mar 19, 2026
- Days on Market:
- 101
- Last Refresh:
- Mar 20 at 8:37 pm
Property Features for 4022-24 Lancaster Ave
General Information
- Standard status
- Active
- Size
- 6,200 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1915
Listing office McCann Commercial Real Estate
Listing date Mar 19, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of McCann Commercial Real Estate
HighLights
- High‑visibility corner location on Lancaster Avenue and 42nd Street in a rapidly evolving commercial corridor.
- 6,200 SF ground‑floor commercial space with a full basement, suitable for high‑volume operations.
- CMX‑2 zoning allows for broad permitted commercial uses.
- Proven history of diverse commercial uses (grocery, restaurant, nightclub/lounge).
- On‑site SEPTA Route 10 trolley access in a walkable, transit‑rich area.
- Approximately 1,000 SF of second‑floor office space.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.2k | $21.00 |
| − Vacancy | −$10.4k | −$1.68 |
| EGI | $119.8k | $19.32 |
| − OpEx | −$29.9k | −$4.83 |
| NOI | $89.8k | $14.49 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.20325
- Latitude
- 39.963352