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5001 Lancaster Ave

39,543 SF Vacant Industrial Building Philadelphia, PA 19131 $3,373,579 CAD ($85 CAD/SF)

Investment Highlights

  • The property is situated on the Northwest corner at the intersection of Lancaster Ave and N. 50th Street.
  • The rear of the property along Merion Ave. has roughly 5,000 SF of parking and two loading docks.
  • It's close proximity to new multi family residential developments, existing shopping centers and other industrial properties.
  • The interior of the property features two stories and basement.
  • ideally situated along the heavily trafficked commercial and industrial corridor of Lancaster Ave.

Executive Summary

Mosaic Brokerage Group Commercial is pleased to present this opportunity to purchase 5001 Lancaster Ave. located in West Philadelphia. The property is situated on the Northwest corner at the intersection of Lancaster Ave and N. 50th Street. The interior of the property features two stories and basement , totaling 39,543 SF. All three levels can be accessed via a passenger elevator, freight elevator or two sets of stair cases. The exterior of the property boasts three street frontages, along Lancaster Ave., N. 40th St and Merion Ave. The rear of the property along Merion Ave. has roughly 5,000 SF of parking and two loading docks.

The ICMX (Industrial Commercial Mixed Use) zoned property is ideally situated along the heavily trafficked commercial and industrial corridor of Lancaster Ave. It is equidistant from the major intersections of Lancaster Ave and 52nd St and Lancaster Ave and W. Girard Ave. It's close proximity to new multi family residential developments, existing shopping centers and other industrial properties allow for it to welcome a wide range of future uses.

Property Facts

Price $3,373,579 CAD
Price Per SF $85 CAD
Sale Type Investment or Owner User
Sale Conditions Redevelopment Project
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Warehouse
Building Class C
Lot Size 0.45 AC
Rentable Building Area 39,543 SF
No. Stories 2
Year Built 1924
No. Dock-High Doors/Loading 2
Cross Streets 50th St
Opportunity Zone Yes

Amenities

  • Bus Line
  • Security System
  • Air Conditioning
  • Smoke Detector

Utilities

  • Lighting - Incandescent
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas
Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
884462220
Land Assessment
$413,060 CAD
Improvements Assessment
$963,806 CAD
Total Assessment
$1,376,866 CAD

zoning

Zoning Code ICMX (Accommodate commercial and industrial uses. The district is intended to serve as a buffer between Industrial districts and Commercial and Residential)
ICMX (Accommodate commercial and industrial uses. The district is intended to serve as a buffer between Industrial districts and Commercial and Residential)
  • Listing ID: 31331496

  • Date on Market: 2024-03-26

  • Last Updated:

  • Address: 5001 Lancaster Ave, Philadelphia, PA 19131

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