Mixed-Use Building with
4022 LANCASTER AVENUE, Philadelphia, PA 19104
For Sale
$1,250,000
CMX-2 zoning supports a range of commercial uses, with a second-floor office and a history of varied business occupancy.
Property Size6,200 SF
Price / SF$201.61
Days on Market239
Property Features for 4022 LANCASTER AVENUE
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Frontage
Corner Location
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Keller Williams Main Line
Listed By:
Jon M O'Shea · License PA AB069634
(267) 780-3419
Source:
Desantis-realestate
Added: Mar 19
Changed: Nov 12
Last Checked: Nov 12 at 1:38PM
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 Keller Williams Main Line
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Investment Insights
Based on property information with market context.
The mixed-use property provides 6,200 square feet of ground-floor commercial space, a full basement and a 1,000-square-foot second-floor office. Its prior commercial uses included a grocery market, restaurant and nightclub lounge. The building dates to 1915 and is zoned CMX-2.
At Lancaster Avenue and 42nd Street, the property has 40 feet of frontage along Lancaster Avenue. SEPTA Route 10 trolley service is on-site.
At Lancaster Avenue and 42nd Street, the property has 40 feet of frontage along Lancaster Avenue. SEPTA Route 10 trolley service is on-site.
Key Highlights
- 6,200 square feet of ground‑floor commercial space plus a full basement
- 1,000‑square‑foot second‑floor office
- 40 feet of frontage on Lancaster Avenue at 42nd Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,656
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,473,120
$1.5M
Cap Rate 7%
$1,052,229
$1.1M
Cap Rate 9%
$818,400
$818.4K
Market Conditions
NOI Build-Up for 6,200 SF
Gross rent
$133.9K $21.60/SF
− Vacancy
−$16.1K −$2.59/SF
EGI
$117.8K $19.01/SF
− OpEx
−$44.2K −$7.13/SF
NOI
$73.7K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,473,120
Cap Rate 7%
$1,052,229
Cap Rate 9%
$818,400
Alternative Uses
Best Use
Mixed Use
$1.05M
$920.7K – $1.23M
NOI $73,656 @ 7.0% cap · market cap 5.89%
Second Best
Retail
$1.00M
$875.9K – $1.17M
NOI $70,074 @ 7.0% cap · market cap 5.61%
Theoretical Best
Multifamily LT 5
$1.51M
$1.32M – $1.76M
NOI $105,802 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,762
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 27%
Apparel 6%
Electronics 6%
Dunkin' Donuts
Dining
11,056 visits/mo
0.5 miles
Family Dollar
Shops & Services
5,789 visits/mo
0.2 miles
SUBWAY
Dining
2,779 visits/mo
0.5 miles
Metro by T-Mobile
Electronics
1,400 visits/mo
0.3 miles
Boston Market
Dining
805 visits/mo
0.5 miles
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
$268,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - CMX-2 zoning supports a range of commercial uses, with a second-floor office and a history of varied business occupancy.
Where is this mixed-use property located?
The property is located at 4022 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: 6,200 square feet of ground‑floor commercial space plus a full basement; 1,000‑square‑foot second‑floor office; 40 feet of frontage on Lancaster Avenue at 42nd Street
