4029 Lancaster Ave - Apartments FOR SALE


Philadelphia, PA 19104- Belmont
$499,000 USD
267-780-3419
4029 Lancaster Ave, Philadelphia, PA for Sale
$499,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

4029 Lancaster Ave
Philadelphia, PA 19104
Belmont


HIGHLIGHTS

  • On-site parking
  • upside potential, finishing out the apartments on 2nd and 3rd floor
  • hard corner property on Lancaster Ave

OVERVIEW

Prime redevelopment or owner-user opportunity in University City / West Powelton. 4029–4033 Lancaster Avenue, Philadelphia, PA 19104 This offering includes three contiguous parcels totaling 2,920 SF of land, featuring a 2,539 SF three-story mixed-use building at 4029 Lancaster Avenue and two adjacent paved lots at 4031 and 4033 Lancaster Avenue. The corner location at Lancaster and Wallace offers excellent visibility and frontage on a high-traffic commercial corridor. The first floor is currently built out as a long-standing jewelry store with 35 years of history. The 2nd and 3rd floors contain two apartments in need of full renovation, providing a strong value-add opportunity for investors or owner-occupants seeking additional rental income. The property includes a private parking lot—a rare amenity in this submarket—that could also support future development or expansion. Zoning is CMX-2 (Neighborhood Commercial Mixed-Use), allowing for a wide range of retail, residential, and office uses. Located within steps of SEPTA bus and trolley routes, this property benefits from excellent public transportation access and strong proximity to University City, Drexel University, and the Penn health and research campuses. Offered as-is, this property provides an affordable entry point or redevelopment opportunity in one of Philadelphia’s most dynamic and rapidly evolving commercial corridors.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$234 USD /SF

# OF UNITS

1

PRICE/UNIT

$499,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4029, 4031, 4033 Lancaster Ave Philadelphia

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

CMX2

APN/PARCEL ID

882929280,885047580,885047620

ASK ABOUT THIS PROPERTY

Jon O'SheaMcCann CommercialMore Info
267-780-3419

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Jon O'SheaMcCann CommercialMore Info
267-780-3419

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.