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    4202 Lancaster Avenue

    PHILADELPHIA, PA 19104
    • $1,150,000
    • STATUS: Active
    • ON SITE: 159 days
    • ID#: PAPH970398
    UPDATED: 78 min ago
    $1,150,000
    • 0
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2021
    County:

    School Ratings & Info

    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!

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Pearson Smith Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-05-18T08:52:13.003.
    www.wvhomematch.com/homes/112505467
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    4202 Lancaster Avenue PHILADELPHIA, PA 19104

    • Price: $1,150,000
    • Status: Active
    • Updated: 78 min ago
    • ID#: PAPH970398
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    2021
    Built
    Neighborhood:
    University City
    County:
    Philadelphia
    Area:
    19104 (19104)
    School District:
    The School District Of Philadelphia
    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!
    Exterior Features

    Construction Materials Masonry Garage YN No Location Type Urban Lot Features CornerAdditional Lot(S) Parking Types None Property Condition Excellent Riparian Rights YN No View City Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 14479.00 Cooling None Heating None Net Square Feet 14579.00

    Property Features

    Accessibility Features None Assessment Year 2021 Association YN No Building Permits On Hand Business Type Apartment Building Central Air YN No Construction Completed YN No Cooling Fuel None Heating Fuel None Hot Water None Incorporated City Name Philadelphia Navigable Water YN N New Construction YN Yes Number Of Units Total 16 Original MLSNumber 304419938663 Ownership Interest Fee Simple Possession Immediate Property Sub Type Land For Commercial Use Sale Type Standard Sewer Public SewerPublic Septic Tax Annual Amount 1733.00 Tax Assessment Amount 123800.00 Tax Lot 180 Vacation Rental YN No Water Source Public Zoning Cmx2

    Listing courtesy of Compass Pennsylvania, Llc.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Pearson Smith Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-05-18T08:52:13.003.
     
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