$490,000
$525,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
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
Parking Type On Street
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Rodney Ross • KW Commercial
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "