Mixed-Use Building with Gym
4518 Lancaster Avenue Philadelphia, PA 19131
4518 Lancaster Avenue, Philadelphia, PA, 19131
$950,000
For Sale
$950,000
Four occupied apartments above two commercial spaces, including a gym under a multi-year lease and a vacant office for flexibility.
Property Size7,967 SF
Price / SF$119.24
Days on Market159
Property Features for 4518 Lancaster Avenue
General Information
- Standard status
- Active
- Size
- 7,967 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1915
Listing agency
Trophy Commercial Real Estate LLC
(860) 917-0379
Listed by
Kyle Carmona
(860) 917-0379
Source
Xome
Added: Feb 13 Updated: Jul 21 at 7:13PM Checked: Jul 21 at 7:13PM
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 Trophy Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
This mixed-use property offers approximately 8,000 square feet across six income-generating spaces, with four residential apartments and two ground-level commercial spaces. All four apartments are currently occupied, including two 3-bedroom units, one 2-bedroom unit, and one 1-bedroom unit, each described as having modern, rent-ready interiors. The ground floor includes an established gym tenant operating under a multi-year lease, along with an approximately 1,000 SF office space delivered vacant.
The property is identified as CMX-2 zoned, providing long-term versatility. It is positioned directly adjacent to a newly constructed 2025 multifamily development, supporting continued investment along the Lancaster Avenue corridor. Public remarks also note low annual taxes, which may help keep operating expenses efficient.
For buyers looking for diversified cash flow, the combination of occupied residential units and leased commercial space creates an integrated income base, with the vacant office providing an immediate leasing option for an owner-operator or investor.
The property is identified as CMX-2 zoned, providing long-term versatility. It is positioned directly adjacent to a newly constructed 2025 multifamily development, supporting continued investment along the Lancaster Avenue corridor. Public remarks also note low annual taxes, which may help keep operating expenses efficient.
For buyers looking for diversified cash flow, the combination of occupied residential units and leased commercial space creates an integrated income base, with the vacant office providing an immediate leasing option for an owner-operator or investor.
Key Highlights
- CMX‑2 mixed‑use property built in 1915 with central air and on‑street parking
- Approx. 8,000 SF total with six income‑generating spaces: four occupied apartments above two commercial spaces
- Residential unit mix: two 3‑bedroom units, one 2‑bedroom unit, and one 1‑bedroom unit; all currently occupied
Property Analytics
Location Intelligence
Current Use by Public Records
Krav Fitness
Gym & Fitness Center
Avenue Omni Agency
Marketing & Advertising
Shat Management Selling ...
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Four occupied apartments above two commercial spaces, including a gym under a multi-year lease and a vacant office for flexibility.
Where is this mixed-use property located?
The property is located at 4518 Lancaster Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: CMX‑2 mixed‑use property built in 1915 with central air and on‑street parking; Approx. 8,000 SF total with six income‑generating spaces: four occupied apartments above two commercial spaces; Residential unit mix: two 3‑bedroom units, one 2‑bedroom unit, and one 1‑bedroom unit; all currently occupied
