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3820 Lancaster 3820 Lancaster Ave 4,980 SF 100% Leased Retail Building Philadelphia, PA 19104 $1,100,000 ($220.88/SF)


Executive Summary
Introducing 3820 Lancaster Avenue, a turnkey mixed-use investment opportunity in the heart of University City, just steps from Drexel University’s campus. The ground floor is occupied by Gaetano’s Pizza & Steaks, a well-established and recognizable neighborhood staple providing consistent commercial presence and strong street-level visibility along the highly trafficked Lancaster Avenue corridor. Above the commercial space are three residential units, offering an excellent and diverse unit mix: (1) One-bedroom, one-bath unit (1) Studio apartment (1) Two-bedroom, two-bath unit This thoughtful configuration appeals directly to the strong and consistent rental demand driven by Drexel University, University of Pennsylvania, and the surrounding medical and academic institutions. Located in one of Philadelphia’s most dynamic and rapidly growing neighborhoods, the property benefits from: Immediate proximity to Drexel University Easy access to UPenn and major hospitals Walkability to retail, dining, and public transportation Strong student and young professional rental pool 3820 Lancaster Ave presents an exceptional opportunity for investors seeking stable mixed-use income in a high-demand University City location. For additional information or to schedule a tour, please contact our team.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,980 SF
Building Class
C
Year Built
1920
Price
$1,100,000
Price Per SF
$220.88
Percent Leased
100%
Building Height
3 Stories
Building FAR
2.01
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
CMX2 - Mixed Commercial
Exceptionally walkable
90/100
Moderately drivable
60/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 871400290 | Improvements Assessment | $624,480 |
| Land Assessment | $156,120 | Total Assessment | $780,600 |
Property Taxes
Parcel Number
871400290
Land Assessment
$156,120
Improvements Assessment
$624,480
Total Assessment
$780,600
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