$349,000

4331-4333 Lancaster Ave

PHILADELPHIA PA, 19104

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!

Details

MLS#PAPH971528
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
Status10000069142
Year1915
Days On Site49

Features

SQ Feet4,467
Units6
ZoningCMX2
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Area Information
StatePA
CountyPHILADELPHIA-PA
CityPHILADELPHIA
Zip Code19104
Area19104 (19104)
Listing VS Median (in 19104)
Price:
$349,000
low | high
Med:
$5,136
100% of Average
SqFt:
4,467
low | high
Med:
1,083
100% of Average
$ / SqFt:
$78
low | high
Med:
$5
100% of Average
On Site:
49
low | high
Med:
122
40.16393442623% of Average
Sourced by Back At You
Listing Updated: March 3, 2021 8:41:20 PM PST
Charles Balducci LogoMLS Number: PAPH971528
Listing Provided By:
Charles Balducci  of  Keller Williams Philadelphia
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