Philadelphia, PA 19104,4202 LANCASTER AVE
Philadelphia, PA 19104,4202 LANCASTER AVE
Philadelphia, PA 19104,4202 LANCASTER AVE
Philadelphia, PA 19104,4202 LANCASTER AVE
Philadelphia, PA 19104,4202 LANCASTER AVE
Philadelphia, PA 19104,4202 LANCASTER AVE
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$1,100,000

$1,150,000

4.3%
Est.Price: ?

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Est. payment /mo

14,479 SqFt


SOLD DATE : 11/10/2021

Key Details

Sold Price $1,100,000

Property Type Commercial

Sub Type Land for Commercial Use

Listing Status Sold

Purchase Type For Sale

Square Footage 14,479 sqft

Price per Sqft $75

Subdivision University City

MLS Listing ID PAPH970398

Sold Date 11/10/21

HOA Y/N N

Originating Board BRIGHT

Year Built 2021

Annual Tax Amount $1,733

Tax Year 2021

Lot Size 4,500 Sqft

Acres 0.1

Lot Dimensions 20.06 x 67.00

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!

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning CMX2

Interior

Hot Water None

Heating None

Cooling None

Heat Source None

Exterior

Water Access N

View City

Accessibility None

Garage N

Building

Lot Description Corner, Additional Lot(s)

Sewer Public Sewer, Public Septic

Water Public

New Construction Y

Schools

School District The School District Of Philadelphia

Others

Tax ID 871287650

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Ryan J McManus • Compass RE
Bought with Aaron Lewis • Full Court Realty
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