4401-4427 Lancaster Ave,PHILADELPHIA, PA 19104
PHILADELPHIA, PA 19104
Description
Major Price Reduction - Now Offered at $975,000 | Prime Development Opportunity in West Philly's QOZ Previously listed at $1.1 million, this rare 10,000+ sq ft corner development site is now available for $975,000 - a significant reduction for one of the most strategically located parcels in West Philadelphia. Situated at the high-visibility corner of Lancaster Ave and Belmont Ave, this property serves as the gateway to West Philadelphia, connecting University City to City Line Ave. This CMX-2 zoned assemblage includes 4401, 4421, 4423, 4425, 4427 Lancaster Ave and 892-894 Belmont Ave, totaling approximately 10,084 sq ft of land. Development Highlights: CMX-2 zoning allows for by-right mixed-use development Conceptual plans for 25-30 residential units with commercial on the ground floor Corner lot with double frontage and strong walkability Potential zoning bonuses for green roof and affordable housing set-aside Located in a Qualified Opportunity Zone (QOZ), offering substantial tax advantages Site is flat and cleared; former gas station tanks have been filled with sand Transit-Oriented Location: Immediate access to SEPTA trolley and bus routes Minutes to University City, Center City, and the Main Line Easy access to Route 1, City Ave, and I-76 Why QOZ Matters: Defer capital gains tax until 2026 Reduce gains if held 5-7 years Pay zero tax on appreciation if held for 10+ years This is a perfect opportunity for developers or investors seeking to capitalize on the growth of West Philadelphia with a shovel-ready vision in a booming corridor. The surrounding area is seeing ongoing commercial and residential development - this site puts you right in the mix. Zoning analysis, preliminary architectural work, and proforma available upon request. New Price: $975,000 (Previously $1.1M)Delivered as-is. Buyer responsible for due diligence.
Details
| MLS # | PAPH2583202 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1915 |
| Days On Site | 241 |
| Listing Provided By | KW Empower | Justin Jarrell James |
Features
| Story(s) | 1 |
|---|---|
| Zoning | CMX2 |
| Acreage | 0.23 |
| Property View | Street |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Roof | Flat |
|---|---|
| Construction Materials | Masonry |
| Lot Features | Not In Development |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Sewer Available, Water Available |
|---|
Taxes
| Tax Annual Amount | 1985 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19104 |
| Area | 19104 (19104) |
| Community Name | MANTUA |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| High School | OVERBROOK |
| Listing VS Median (in MANTUA) | |
Price: $875,000 low | high Med: $169,900 On site: 241 low | high Med: 294 | |
Market Activity 19104
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19104 |
| Area | 19104 (19104) |
| Community Name | MANTUA |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| High School | OVERBROOK |
| Listing VS Median (in MANTUA) | |
Price: $875,000 low | high Med: $169,900 On site: 241 low | high Med: 294 | |
