4323 LANCASTER AVE. Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19104
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2495326
Year Built 1925
Annual Tax Amount $4,536
Tax Year 2024
Lot Size 4,800 Sqft
Property Sub-Type Mixed Use
Property Description
4323 Lancaster Avenue presents a fully leased mixed use property offering a strong and stable investment opportunity in the heart of West Philadelphia along the Lancaster Avenue corridor. Situated close to the University of Pennsylvania, Drexel University, and Penn Presbyterian Medical Center, the property offers convenient access to Center City via the Route 10 trolley.
The building includes four stabilized units: two spacious commercial spaces, each over 1,500 square feet, currently occupied by a restaurant and a daycare, both under triple net lease agreements, and two residential apartments, each featuring one bedroom and one bathroom. This well-balanced unit mix offers both residential and commercial income streams, and the property generates over $87,000 in annual net operating income.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Exterior
Water Access N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Special Listing Condition Standard