School District: The School District Of Philadelphia
Address: 4331-4333 LANCASTER AVE
Property Taxes: $0
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!
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 13th April, 2021 10:38 PM