CMX2 Mixed-Use
For Sale
$260,000
4912 LANCASTER AVENUE, Philadelphia, PA 19131
Two-level configuration combines a storefront commercial area with a one-bedroom apartment and private terrace.
Property Size1,160 SF
Price / SF$224.14
Days on Market51
Property Features for 4912 LANCASTER AVENUE
General Information
Standard status
Active
Size
1,160 SF
Property subtype
Commercial
Zoning
CMX2
Additional Details
Floor
Ground
Building Details
Year Built
1925
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(215) 923-7600
Listed By:
Victor Baron Strong · License #RS292889
(610) 517-3690
Source:
Cummingsrealtors
Added: Aug 28
Changed: Oct 16
Last Checked: Oct 16 at 8:43AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This two-story mixed-use property combines a ground-floor commercial area with residential space above. The first floor is currently used as a hair salon and includes a storefront-oriented layout. The second floor contains a one-bedroom apartment with a private terrace, adding dedicated outdoor space to the residential component.
Located at 4912 Lancaster Avenue in Philadelphia, the property is positioned along the Lancaster Avenue corridor. CMX2 zoning supports the building’s mixed-use classification, while the commercial and residential components create a straightforward configuration for an owner-user or investor. Built in 1925, the property offers an established building format with retail or service space at street level and an apartment on the upper floor.
Located at 4912 Lancaster Avenue in Philadelphia, the property is positioned along the Lancaster Avenue corridor. CMX2 zoning supports the building’s mixed-use classification, while the commercial and residential components create a straightforward configuration for an owner-user or investor. Built in 1925, the property offers an established building format with retail or service space at street level and an apartment on the upper floor.
Key Highlights
- CMX2‑zoned mixed‑use property at 4912 Lancaster Avenue, Philadelphia, PA 19131
- Ground‑floor commercial space currently operating as a hair salon
- Second‑floor 1‑bedroom apartment with a private terrace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,265
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,300
$305.3K
Cap Rate 7%
$218,071
$218.1K
Cap Rate 9%
$169,611
$169.6K
Market Conditions
NOI Build-Up for 1,160 SF
Gross rent
$25.5K $21.96/SF
− Vacancy
−$5.1K −$4.41/SF
EGI
$20.4K $17.55/SF
− OpEx
−$5.1K −$4.39/SF
NOI
$15.3K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,300
Cap Rate 7%
$218,071
Cap Rate 9%
$169,611
Alternative Uses
Best Use
Office B
$218.1K
$190.8K – $254.4K
NOI $15,265 @ 7.0% cap · market cap 5.87%
Second Best
Mixed Use
$196.9K
$172.3K – $229.7K
NOI $13,781 @ 7.0% cap · market cap 5.30%
Theoretical Best
Multifamily LT 5
$282.8K
$247.4K – $329.9K
NOI $19,795 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,233
Businesses Nearby
Explore this area
Business Placement
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level configuration combines a storefront commercial area with a one-bedroom apartment and private terrace.
Where is this mixed-use property located?
The property is located at 4912 LANCASTER AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: CMX2‑zoned mixed‑use property at 4912 Lancaster Avenue, Philadelphia, PA 19131; Ground‑floor commercial space currently operating as a hair salon; Second‑floor 1‑bedroom apartment with a private terrace
