3870 Lancaster Ave
Philadelphia, PA 19104
The Monarch Building · Flex Property For Sale
Property Facts
Utilities
- Water - City
- Sewer - City
About 3870 LANCASTER AVE , PHILADELPHIA, PA 19104
Fantastic mixed use building in Powelton! Zoned CMX2 and at 29,322 square feet, the 5 story Monarch Building is ready for the top 4 floors to be developed into residential units. The building will also come with antenna rent from 5 separate carriers on NNN lease terms which increase in rent annually with long lease terms. This is a perfect opportunity to develop the top floors into residential units while receiving the cash flow needed from the current tenants. The Monarch Building is in close proximity to Drexel and UPenn as well as having SEPTA nearby and Amtrak at the 30th St Station making it highly desirable for students or center city commuter. * Owner has a third party offer in place for the purchase of the antenna income generated in a lump sum payment of $1.3M paid at the time of execution. Rare opportunity to leverage and offset the cost of the building and renovations required"
Property Taxes
| Parcel Number | 871000194 | Improvements Assessment | $1,000,000 |
| Land Assessment | $250,000 | Total Assessment | $1,250,000 |
Property Taxes
