4202 LANCASTER Avenue
4202 LANCASTER Avenue Philadelphia, Pennsylvania 19104 United States

$1,150,000
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Compass Pennsylvania, LLC

Listing Courtesy of Compass Pennsylvania, LLC
$1,150,000
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.1 Acres
Exterior
Land
Property type
PAPH970258
Web Id
PAPH970258
MLS ID
UNIVERSITY CITY
Subdivision
Philadelphia City
School District
10
days ago

About 4202 LANCASTER Avenue

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!

Listing Courtesy of Compass Pennsylvania, LLC

The data relating to real estate for sale comes in part from Keystone Multi-List. Real estate listings held by brokerage firms other than Lusk & Associates Sotheby's International Realty are marked with the Broker Reciprocity logo and information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. This IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

PROPERTY INFORMATION

Sewer
Public Sewer
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City

EXTERIOR

Lot Description
Corner

ADDITIONAL INFORMATION

Body of Water
Public
Listing Courtesy of Compass Pennsylvania, LLC