4406 Lancaster Ave

Belmont 19104
MLS# PAPH2369764
$520,000
2,856SQFT
Active

Property Description

This mixed-use building at the bustling corner of Lancaster and Belmont avenues was stylishly renovated from top to bottom less than five years ago and has six years left on the tax abatement. The storefront features a dramatic open space with soaring ceilings, a huge picture window with deep bench seating/display ledge beneath, and cool gray flooring; plus a rear room that serves as a garage and/or, because the garage door fills the area with light, an additional usable space with a kitchenette and half bath. This unit is equally well-suited for retail, office or event space and has exclusive access to the basement for additional storage. Above it there are two apartments, both with the same sleek and stylish finishes tenants will love: super high ceilings, white exposed brick walls with blond bamboo floors, bathrooms with floating vanities and handsome tile selections, crisp white kitchens with stainless steel appliances–plus in-unit laundry and zoned HVAC via mini splits. The front unit is a large studio with a row of three oversize windows; the rear unit is a two bed/two bath with open concept living/dining/kitchen and an en-suite primary. Take full advantage of this prime spot in a Qualified Opportunity Zone on the Lancaster Ave commercial corridor, as evidenced by the permits recently issued for a 49-unit mixed-use project one block down at 4328 Lancaster Ave. This location is near Drexel, convenient to SEPTA and I76, and also on the fringe of large-scale developments along University City’s innovation corridor.

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