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Property profile & analytics
FOR SALE
Grocery and convenience stores

402224 Lancaster Ave Philadelphia, PA 19104

Built 1915
Property ID
US73-Q016309
Property summary
AI-generated overview

A rare opportunity to acquire a high-visibility, multi-use commercial building on one of West Philadelphia's most active and rapidly evolving commercial corridors. Situated at the corner of Lancaster Avenue and 42nd Street, 4022-24 Lancaster Avenue offers 6,200 square feet of ground-floor commercial space with a full basement - purpose-built for high-volume operations and backed by a history of diverse commercial uses including a full-service grocery market, restaurant, and nightclub lounge. 6,200 SF ground floor + full basement + 1,000 SF second floor office 40' of frontage on Lancaster Avenue at 42nd Street CMX-2 zoning with broad permitted commercial uses Proven history as grocery, restaurant, and nightclub/lounge SEPTA Route 10 trolley on-site; walkable and transit-rich West Philadelphia submarket with strong development momentum

Property profile
Verified
Property type Grocery and convenience stores
Year built 1915
UPID US73-Q016309
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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