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3826 Lancaster Ave
Philadelphia, PA 19104

3826 Lancaster AVE: University City (Drexel) · Property For Lease

PROPERTY FACTS

Property Type Retail
Property Subtype Storefront Retail/Residential
Gross Leasable Area 2,360 SF
Year Built 1930

About the Property

END-CAP RETAIL in UCITY! AgentPHL is thrilled to introduce to market this prime retail corner in University City Philadelphia, available exclusively for lease. With 1300 SF (900 SF above ground, 400 SF basement storage) and three exposures for transparency, this raw space is a perfect blank canvas for a hip new storefront design, whether it's a corner café, juicery, gallery, studio, or general retail business. UCITY is home to the thriving "eds-and-meds" sector which is poised fuel the city's economy for the next quarter century. Around the corner from Drexel University, Science Center, UCITY Square, Penn Presby Medical Center, Amtrak's 30th Street Station, Schuylkill Yards, University of Pennsylvania, CHOP + more. The space offers the future operator a chance to receive a SIP Grant (Storefront Improvement Program) through the City of Philadelphia and/or the InStore Program; two programs offered by the city to incentivize the activation of street-level retail along the city's prime commercial corridors like Lancaster Avenue. More details can be found online about these programs but to summarize, the SIP Grant offers operators a 1/2 discount on the cost of storefront improvements while the InStore Program is a forgivable loan program that helps eligible retail, food, and creative for-profit and non-profit businesses purchase equipment and materials associated with establishing a new location or expanding at an existing one. LL will provide reasonable build-out costs through a tenant improvement allowance. Feasibility study attached to listing as PDF for conceptual space design. Powerful demographic data also attached as PDF.

  • Listing ID: 12264821

  • Date on Market: 2018-04-14

  • Last Updated:

  • Address: 3826 Lancaster Ave, Philadelphia, PA 19104

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