Philadelphia, PA 19104,4200-4202 LANCASTER AVE
Philadelphia, PA 19104,4200-4202 LANCASTER AVE
Philadelphia, PA 19104,4200-4202 LANCASTER AVE
$425,000
Est. payment /mo
$495,000
14.1%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

2,818 Sqft Lot
SOLD DATE : 07/06/2020

Key Details

Sold Price $425,000

Property Type Vacant Land

Sub Type Land

Listing Status Sold

Purchase Type For Sale

Subdivision West Powelton

MLS Listing ID PAPH837886

Sold Date 07/06/20

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $3,502

Tax Year 2020

Lot Size 2,818 Sqft

Acres 0.06

Lot Dimensions 19.60 x 64.40

Property Description

Large corner development deal in OPPORTUNITY ZONE area of West Philly, right on the edge of Mantua & West Powelton, 3 blocks from Drexel Athletic fields. According to public record, the 2 parcels total 4,574 SF of land area zoned CMX2. Currently there is a shell property approx. 9100 SF interior space that sits across both parcels. If rehabbed, you could add a 3rd story to part of the existing structure to achieve more interior square footage. Or, you could easily demo the existing free standing building and build a 4 story brand new construction building, like what other developers are currently doing 2 blocks away at 40th & Lancaster. The total lot size & zoning allows for you to build 8 residential units above commercial unit(s) on ground level by right. Or take advantage of the cities Mixed Income Housing Program to achieve 2-4 additional residential units AND 7 feet in added building height, WITHOUT needing a variance. Corner property allows for commercial frontage along TWO main streets and tons of windows & natural light in apartments above. This deal is a no brainer long term when you consider surrounding future projects such as the $3.5B Schuylkill Yards Project and the $1B UCity Square Development, all positioning this neighborhood to become a new major East Coast innovation hub. **This is also being marketed as Commercial Sale - MLS# PAPH838096 Land - MLS# PAPH837886 and Multi-Family - MLS# PAPH838048 **

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning CMX2

Exterior

Waterfront N

Water Access N

Garage N

Building

Sewer Public Sewer

Water Public

Schools

School District The School District Of Philadelphia

Others

Tax ID 871285400

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Bright MLS (BMLS)
Listed by Francis Mangubat • Keller Williams Philadelphia
Bought with Francis Mangubat • Keller Williams Philadelphia

GET MORE INFORMATION

Karen Wilkinson

+1(732) 599-1938

Agent | License ID: 0343436

Agent License ID: 0343436

Name

Phone*

Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.