Views - New Construction
Address
4202 Lancaster Avenue Philadelphia, PA
Price
$ 1,150,000
Property Attributes
  • MLS#PAPH970398
  • TypeCommercial
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19104
  • NeighborhoodUNIVERSITY CITY
  • Zip19104
  • StyleApartment Building
  • Year Built2021
  • Taxes1733
  • Price$ 1,150,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage14579
  • Lot Size4,356 SqFt
Listing Provided Courtesy Of:
Compass Pennsylvania, LLC
Data Source:
Bright MLS
Property Description

Qualified Opportunity Zone (QOZ) shovel-ready multifamily development site FOR SALE in University City, Philadelphia. Located in the fastest growing sector of Philly, this prime corner parcel is fully entitled to construct 15 apartments atop ground floor commercial space on the bustling Lancaster Avenue commercial corridor on the Drexel side of Ucity. Millions of SF and billions of dollars in new development underway in the district including Schuylkill Yards, Science Center, University Place 3.0. This is one of the most concentrated innovation districts in the United States with national leading employment centers and higher learning institutions. All plans and permits include with sale. Site demolition will be finished by February 2021 at latest. 10 year tax abatement included; this will be one of the last developments to secure the full 10 year abatement in Philly before the program is decreased. Enquire within for pro forma financials, plans, permits (PPP) + MAKE YOUR MOVE!

Price History
12/10/2020 Listed $1,200,000
2/19/2021 5% - $1,150,000

General Features

Accessibility None
Business Type Apartment Building
Construction Completed Y/N No
Construction Materials Masonry
Cool Fuel None
Cooling None
County PHILADELPHIA
Days on Market 124
Heating None
Location Type Urban
MLS Area 19104 (19104)
New Construction Yes
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 79.43
Property SubType Land for Commercial Use
Property Type Commercial Sale
PropertyCondition Excellent
Sewer Public Sewer, Public Septic
Subdivision Name UNIVERSITY CITY
Tax Annual Amount 1733.0
Tax Lot 180
Tax Year 2020
Total Units 16
Vacation Rental Y/N No
View City
Water Access Y/N No
Zoning CMX2

Interior Features

Central Air Y/N No
Heating Fuel None
Hot Water None

Exterior Features

Building Area Total 14479.00
Lot Dimensions 20.06 x 67.00
Lot Features Corner, Additional Lot(s)
Lot Size Acres 0.10
Lot Size Source Estimated
Lot Size Square Feet 4500.00
Navigable Water Y/N No
Type of Parking None
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19104

Price
AVG $840K
$1.15M
Taxes
AVG $2,122
$1,733
Visits
AVG 44
39
Year Built
AVG 1944
2021
Walkscore
AVG 82
82
Data Provided by Walkscore ® not using MLS data

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