Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Philadelphia Commercial Building on Lancaster Title is generated by Realmo AI

    4022-24 LANCASTER Avenue, Philadelphia, PA 19104

    View on Map
    Claim this Listing
    For Sale
    $1,250,000

    Commercial Sale - PHILADELPHIA, PA

    Type:Retail
    Property size:
    6,200 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $201/SF
    Added:
    Mar 19, 2026
    Days on Market:
    84
    Last Refresh:
    Jun 10 at 7:06 am

    Property Features for 4022-24 LANCASTER Avenue

    General Information

    Property type
    Other
    Property subtype
    Retail
    Parking features
    On Street
    Standard status
    Active
    Size
    6,200 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2914

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1915
    Number of units
    4
    Building materials
    Masonry

    We can help!

    Listing Contact
    Jon M O'Shea

    Listing agent Jon M O'Shea License #ab069634

    Listing office Keller Williams Main Line 6 Coulter Avenue unit: 2, Ardmore, PA

    Listing date Mar 19, 2026

    MLS# PAPH2588356

    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.

    HighLights

    • High‑visibility corner location on Lancaster Avenue and 42nd Street.
    • 6,200 SF ground‑floor commercial space with a full basement.
    • CMX‑2 zoning allows for broad commercial uses.
    • Proven history of diverse commercial uses.
    • On‑site SEPTA Route 10 trolley access in a walkable, transit‑rich area.
    • Located in a rapidly evolving West Philadelphia commercial corridor.

    Overview

    This multi-use commercial building is located on Lancaster Avenue in West Philadelphia. The property features 6,200 square feet of ground-floor commercial space and a full basement. Additionally, there is a 1,000 square foot second-floor office space. The building has 40 feet of frontage on Lancaster Avenue at 42nd Street. It is located in a walkable and transit-rich West Philadelphia submarket with strong development momentum. The property is zoned CMX-2, which allows for broad permitted commercial uses. The property has a history of diverse commercial uses, including a full-service grocery market, restaurant, and nightclub lounge. SEPTA Route 10 trolley is on-site.

    Local Financial Insights For 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 $111.6k $18.00
    − Vacancy −$11.5k −$1.85
    EGI $100.1k $16.15
    − OpEx −$30.0k −$4.84
    NOI $70.1k $11.30
    6,200 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.00M
    $875.9K – $1.17M (±1% cap)
    NOI $70,074 @ 7.0% cap · market cap 5.61%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $1.51M
    $1.32M – $1.76M (±1% cap)
    NOI $105,802 @ 7.0% cap · market cap 8.46%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.2033844
    Latitude
    39.9634247

    Nearby Similar for Sale

    • $1,400,000
      5,000 SF

      Freestanding Commercial Building in Philadelphia

      Highly visible commercial building suitable for automotive, medical, retail.
      2040 NAPFLE AVENUE, PHILADELPHIA, PA 19152
      View Details
    • $850,000
      4,560 SF

      Freestanding Office Building on Corner

      Freestanding office with multi-office layout, full basement, and parking for 20+ vehicles on a hard corner.
      500-02 W CHELTENHAM Avenue, PHILADELPHIA, PA 19126
      View Details
    • $2,990,000
      6,495 SF

      Restaurant Opportunity in Philadelphia, PA

      Restaurant with 170 parking spaces on 1.77 acres.
      80 FRANKLIN MILLS Boulevard, PHILADELPHIA, PA 19154
      View Details
    • $1,399,000
      4,575 SF

      Medical Office Building For Sale

      Well-maintained medical office building with high visibility and income potential.
      9821 ACADEMY Road, PHILADELPHIA, PA 19114
      View Details
    • $999,000
      7,800 SF

      Iconic East Falls Cornerstone Building

      Multigenerational landmark in flourishing Philadelphia community, dual-zoned.
      3711 MIDVALE AVENUE, PHILADELPHIA, PA 19129
      View Details
    • $850,000
      3,629 SF

      Industrial Garage-Style Property Package

      Three CMX-2 zoned properties on Frankford Avenue offer flexible options for owner-users and investors.
      2605 FRANKFORD AVENUE, PHILADELPHIA, PA 19125
      View Details
    • $549,944
      700 SF

      Mixed-Use Brownstone with Storefront

      Three-story live-work setup with a renovated first-floor storefront and remodeled apartment above.
      212 FAIRMOUNT Avenue, PHILADELPHIA, PA 19123
      View Details
    • $1,450,000
      5,200 SF

      Prime Philadelphia Retail Opportunity

      5,200 SF retail space with restaurant potential on Walnut Street.
      1111-13 WALNUT Street, PHILADELPHIA, PA 19107
      View Details
    • $645,000
      4,278 SF

      Germantown Avenue Mixed-Use Opportunity

      Versatile mixed-use property in historic Germantown with parking.
      5519 GERMANTOWN Avenue, PHILADELPHIA, PA 19144
      View Details
    • $2,750,000

      Turnkey Three-Story Building with Elevator

      Renovated three-story property with fully finished basement, elevator service, and sprinkler coverage across all levels.
      718 CHESTNUT Street, PHILADELPHIA, PA 19106
      View Details
    • $740,000
      3,456 SF

      Triplex with Private Lower-Level Connection

      Triplex with separate electric and gas meters, washer and dryer, and a finished lower level connected to the first-floor unit.
      149 W SHARPNACK Street, PHILADELPHIA, PA 19119
      View Details
    • $540,000
      2,746 SF

      Triplex with Central Air Units

      Well-maintained triplex with three 1-bedroom units, central air, and separately metered utilities for simplified ownership.
      438-1/2 LEVERINGTON Avenue, PHILADELPHIA, PA 19128
      View Details

    FAQs

    What type of property is this?
    Retail space - High-visibility commercial building with diverse use history in West Philadelphia.
    Where is this retail space located?
    The property is located at 4022-24 LANCASTER Avenue Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: High‑visibility corner location on Lancaster Avenue and 42nd Street.; 6,200 SF ground‑floor commercial space with a full basement.; CMX‑2 zoning allows for broad commercial uses.
    (267) 780-3419
    We can help!
    Listing Contact
    Jon M O'Shea
    Real Estate License ID: ab069634
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4022-24 LANCASTER Avenue, PHILADELPHIA, PA 19104
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!