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4212-16 LANCASTER AVE Philadelphia, PA 19104
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Key Details
Sold Price $350,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 7,528 sqft
Price per Sqft $46
Subdivision None Available
MLS Listing ID PAPH2347058
Sold Date 07/12/24
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $5,319
Tax Year 2023
Lot Size 2,653 Sqft
Acres 0.06
Lot Dimensions 79 x 32
Property Description
Amazing development opportunity nestled away within a Federal Qualified Opportunity Zone, this gem awaits on Lancaster Ave's bustling commercial strip.
Positioned in West Philly's sought-after Haverford neighborhood, this 7,500 Sq/Ft corner building, reminiscent of flat iron style architecture, beckons a visionary owner. Boasting expansive storefront exposure and additional residential rentals along Lancaster Ave, the heartbeat of West Philadelphia, it promises unrivaled opportunity.
Surrounded by burgeoning development and blessed with CMX-2 zoning, this property offers boundless potential. An investor's dream, it invites the infusion of creativity to elevate value and reap substantial income rewards.
The rooftop rights are reserved by others via easement and will not transfer to new owner.
Boasting an impressive Walk Score of 83, most daily errands can be easily accomplished without relying on a car. With a Transit Score of 70, convenient public transportation options are available for most journeys, while a Bike Score of 82 highlights the abundant biking infrastructure.
Indulge in nearby culinary delights at restaurants like Imperial Caribbean and Seafood, Lavish, and Hubies Southern Style Cuisine.
Education options abound with Martha Washington School, St. Ignatius of Loyola, and Belmont Charter School in close proximity.
Grocery shopping is a breeze with Sunshine Food Market, Quick & Quality, and Las 7 P Mini Market nearby.
Enjoy easy access to public transportation with the Lancaster Ave & 42nd St stop just two minutes away from bus routes such as the 10 13th-Market to 63rd-Malvern and the 43 Richmond-Cumberland to 50th-Parkside.
Take a stroll through nearby green spaces like Lee Park, Durham Park, and Durham Park. Don't miss your chance to explore this vibrant neighborhood – schedule your visit today!
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning CMX-2
Interior
Hot Water Natural Gas
Heating None
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
View City, Street
Accessibility None
Garage N
Building
Lot Description Corner
Sewer No Septic System, Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 882933675
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash,Other
Special Listing Condition Standard
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Bought with Ryan Bullock • KW Empower