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Graceann Tinney

graceann@graceanntinney.com +1(267) 373-8244

Listed by Jarrell James • KW Empower

$875,000

Est. payment - /mo

10,084 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Mantua

MLS Listing ID PAPH2394438

Year Built 1915

Annual Tax Amount $1,985

Tax Year 2019

Lot Size 10,084 Sqft

Property Sub-Type Mixed Use

Source BRIGHT

Property 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.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning CMX2

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source Electric

Exterior

Utilities Available Sewer Available, Water Available

Water Access N

View Street

Roof Type Flat

Street Surface Black Top,Concrete,Paved

Accessibility No Stairs

Garage N

Building

Lot Description Not In Development

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Overbrook

School District The School District Of Philadelphia

Others

Tax ID 882933865

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Financing Cash,Conventional,Exchange

Special Listing Condition Standard

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NEARBY SCHOOL & BUSINESS

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Graceann Tinney

Agent RSRS344523

+1(267) 373-8244

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4401-4427 LANCASTER AVE Philadelphia, PA 19104

Graceann Tinney

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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4401-4427 LANCASTER AVE