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Listed by Rick Land • KW Empower
$700,000
Est. payment /mo
2,011 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID PAPH2530478
Year Built 1920
Annual Tax Amount $1,246
Tax Year 2025
Lot Size 2,011 Sqft
Acres 0.05
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
4400 Lancaster Ave, Philadelphia, PA. Don't miss this unique mixed-use 5-unit corner property in Philadelphia, grossing $6,474/month in rental income. Each unit offers strong cash flow: Unit 1 ($2,500/month, a 3,100+ sq ft commercial unit) | Unit 2 ($1,135/month) | Unit 3 ($960/month) | Unit 4 ($1,025/month, vacant) | Unit 5 ($945/month estimated, vacant). This turnkey investment was gut-renovated in 2017 with central air, hardwood floors, and granite countertops. The property is certified lead *free* and has 3x common coin-operated washers & dryers for extra income, with off-street parking in the rear. Building is fully sprinklered with fire alarm panel. Semi-private community garden on the block. Extremely low taxes currently with tax abatement ($1,246/yr), the property is legally zoned for its current use and owned by a licensed real estate agent. Situated on a prominent corner lot with high visibility and access to public transportation, this property is ideal for any investor looking to add a well-performing asset to their portfolio. This is a neighborhood currently booming with new construction and more construction planned for the near future. Make your appointment today! Showings of commercial space are only allowed with a signed offer, to avoid tenant business disruption. ***Strong preference will be given to offers that include both contiguous parcels at 4400 Lancaster Ave & 866-870 N 44th St.***
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning CMX2
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Water Access N
Accessibility None
Total Parking Spaces 4
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871285460
Ownership Fee Simple
Special Listing Condition Standard
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