4311 Lancaster Ave, Philadelphia, PA 19104

Property Description

Take full advantage of this prime spot on the Lancaster Ave commercial corridor with this CMX2 building that has a bilevel apartment above the first-floor retail/commercial space. Most recently used as a screenprint shop, the first floor runs street-to-street with direct access to 43rd St from the rear as well as the traditional storefront entrance on Lancaster Ave. Currently configured with the stairs to the residential unit in this space, the layout most easily lends itself to an owner-occupant live/work setup. The second floor has an elegant front parlor/bedroom with a private bathroom and original details like random-width pine floors, plaster crown molding, slate fireplace and a clawfoot tub. The third floor is in shell condition. Updates and improvements by the seller include electric main and subpanel replacement, new heater and some ductwork on the second floor, new storefront windows and electric rolldown gates. Lancaster Avenue is booming with development, including a new 49-unit mixed-use property on the block. The neighborhood is just a quick walk from Drexel University and the University of Pennsylvania, convenient to both SEPTA and I76, and also on the fringe of large-scale developments along University City’s innovation corridor. The building is available alone or as a package with its neighbor at 4313.