Philadelphia, PA 19104,4416 LANCASTER AVE
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Philadelphia, PA 19104,4416 LANCASTER AVE
Philadelphia, PA 19104,4416 LANCASTER AVE
Philadelphia, PA 19104,4416 LANCASTER AVE
Philadelphia, PA 19104,4416 LANCASTER AVE

$490,000

Est. payment /mo

$525,000

6.7%
Est.Price: ?

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4416 LANCASTER AVE Philadelphia, PA 19104

2,920 SqFt

SOLD DATE : 01/31/2024

Key Details

Sold Price $490,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 2,920 sqft

Price per Sqft $167

MLS Listing ID PAPH2258428

Sold Date 01/31/24

Originating Board BRIGHT

Year Built 2023

Annual Tax Amount $768

Tax Year 2023

Lot Size 1,345 Sqft

Acres 0.03

Lot Dimensions 20.00 x 53.00

Property Description

Welcome to 4416 Lancaster Ave, a newly renovated mixed use building in Belmont ready for its next owner! The building features two large 3BD/2BA units and a first floor commercial space. The building has been gut renovated and all mechanics are brand new, including a new sprinkler/fire alarm system, new roof, and central A/C in all units. The building also features VERY low taxes and approved 10-year tax abatement on the full improvement value. The first floor tenant is a trendy boutique korean fried chicken restaurant leased at $1,750/mo and both apartments are leased for $1,295/month. Lancaster Ave has several projects revitalizing the corridor between 41st - 45th St including a 15 unit building at 4200-02 Lancaster Ave, a 37 unit building at 4112 Lancaster Ave, a 49 unit mixed-use complex on the 4300 block of Lancaster, and a 5-story 10-unit new construction right next door on the block. There is also a new community park directly behind the property. This building would be great for either an owner occupant or investor. Schedule your showing today! Seller is licensed PA real estate agent. Property is certified lead FREE.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District The School District Of Philadelphia

Others

Tax ID 882933730

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Rodney Ross • KW Commercial
Bought with Rodney Ross • KW Commercial

Daniel Rallo

Broker Associate | License ID: 0448508

+1(609) 338-7364

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