Philadelphia, PA 19104,4202 LANCASTER AVE
Philadelphia, PA 19104,4202 LANCASTER AVE
Philadelphia, PA 19104,4202 LANCASTER AVE
$1,100,000
Est. payment /mo
$1,150,000
4.3%
Est.Price: ?

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4,500 Sqft Lot
SOLD DATE : 11/10/2021

Key Details

Sold Price $1,100,000

Property Type Vacant Land

Sub Type Land

Listing Status Sold

Purchase Type For Sale

Subdivision University City

MLS Listing ID PAPH970258

Sold Date 11/10/21

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $1,733

Tax Year 2021

Lot Size 4,500 Sqft

Acres 0.1

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 included 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!

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning CMX2

Exterior

Waterfront N

Water Access N

View City

Garage N

Building

Lot Description Corner

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871287650

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Ryan J McManus • Compass RE
Bought with Aaron Lewis • Full Court Realty

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Danielle Wateridge

Team Lead & Agent | License ID: 0225208883

+1(703) 639-8869

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