Philadelphia, PA 19104,4331-4333 LANCASTER AVE
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Philadelphia, PA 19104,4331-4333 LANCASTER AVE
Philadelphia, PA 19104,4331-4333 LANCASTER AVE
Philadelphia, PA 19104,4331-4333 LANCASTER AVE
Philadelphia, PA 19104,4331-4333 LANCASTER AVE

$300,000

Est. payment /mo

$325,000

7.7%
Est.Price: ?

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4331-4333 LANCASTER AVE Philadelphia, PA 19104

4,467 SqFt

SOLD DATE : 05/14/2021

Key Details

Sold Price $300,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 4,467 sqft

Price per Sqft $67

Subdivision Belmont

MLS Listing ID PAPH971528

Sold Date 05/14/21

HOA Y/N N

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $2,139

Tax Year 2020

Lot Size 2,986 Sqft

Acres 0.07

Lot Dimensions 35.5' x 67'-105'

Property Description

ARTISAN SPACE DEVELOPMENT OPPORTUNITY | A nice, large 4,467 SF sturdy double-wide 35.5' x 67'-105' 2-story commercial shell is available for sale to combine and transform to suit your entrepreneurIal spirit. Zoned CMX2 this mixed-use commercial property can accommodate a wide range of uses. Both lots run street-street providing easy loading and unloading. || The ground level of both properties offers an open plan, tall ceilings, framed wood floors in the front, and concrete floors in the back. Each property has a partial basement in the front to manage utilities and provide storage. || 4331 contains a modest 16' x 16' second-level space in the front and an expansive second level space with a skylight and window in the back. A large metal door in the rear of 4331 covers a cinder block wall that can be removed to accommodate service vehicles off Ogden Street, and 4333 contains a modest 16' x 30' second-level space with a triple bay window in the back with a private entrance. || Both buildings obviously require thoughtful rehab. This two parcel package is available: 'AS-IS, WHERE-IS'. Both properties enjoy an open plan and only require a modest amount of demo. || When developed this parcel can easily serve as an expansive combined workspace with strategically placed openings between the properties. Furthermore, expandable residential possibilities exist for all second-level spaces that can easily satisfy your long term domestic, business, or investment interests. || Consider revamping the facades to unite the two structures with a common design theme while redefining the second level residential space over both properties and incorporate a private upper-level outdoor space. Indeed, this commercial opportunity is robust and can likely accommodate a good fit for expanding your business activities. || Suitable for startups, artisans, food services, sound studio, contractors, artists, and Mainstreet entrepreneurs and offers easy access to University City and the Mainline. || Finally, this mixed-use commercial property enjoys the incentives of being eligible for a property tax abatement and is located within a federal Qualified Opportunity Zone which allows cooperating investors to defer and reduce capital gains for their investment. || Feel free to contact us with any questions or your expression of interest. Motivated Seller. Strong opportunity to grow. Go For It!

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning CMX2

Interior

Hot Water None

Heating None

Cooling None

Heat Source None

Exterior

Garage Spaces 2.0

Utilities Available Electric Available, Natural Gas Available, Cable TV Available

Water Access N

Roof Type Built-Up,Flat

Street Surface Black Top

Accessibility None

Total Parking Spaces 2

Garage N

Building

Lot Description Interior

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871402205 + 882933835

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Charles Balducci • Keller Williams Philadelphia
Bought with Holly Mack-Ward • Elfant Wissahickon-Rittenhouse Square

Travis Gray

Advisor | License ID: 636268

+1(301) 641-0809

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