402224 Lancaster Ave Philadelphia, PA 19104
For Sale
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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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.