UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Mantua
MLS Listing ID PAPH2583202
Style Other
HOA Y/N N
Year Built 1915
Annual Tax Amount $1,985
Tax Year 2019
Lot Size 10,084 Sqft
Acres 0.23
Source BRIGHT
Property Description
Previously listed at $1.1 million, this rare 10,000+ sq ft corner development site is now available for $975,000 — a significant reduction for one of the most strategically located parcels in West Philadelphia.
Situated at the high-visibility corner of Lancaster Ave and Belmont Ave, this property serves as the gateway to West Philadelphia, connecting University City to City Line Ave. This CMX-2 zoned assemblage includes 4401, 4421, 4423, 4425, 4427 Lancaster Ave and 892–894 Belmont Ave, totaling approximately 10,084 sq ft of land.
Development Highlights:
CMX-2 zoning allows for by-right mixed-use development
Conceptual plans for 25–30 residential units with commercial on the ground floor
Corner lot with double frontage and strong walkability
Potential zoning bonuses for green roof and affordable housing set-aside
Located in a Qualified Opportunity Zone (QOZ), offering substantial tax advantages
Site is flat and cleared; former gas station tanks have been filled with sand
Transit-Oriented Location:
Immediate access to SEPTA trolley and bus routes
Minutes to University City, Center City, and the Main Line
Easy access to Route 1, City Ave, and I-76
Why QOZ Matters:
Defer capital gains tax until 2026
Reduce gains if held 5–7 years
Pay zero tax on appreciation if held for 10+ years
This is a perfect opportunity for developers or investors seeking to capitalize on the growth of West Philadelphia with a shovel-ready vision in a booming corridor. The surrounding area is seeing ongoing commercial and residential development — this site puts you right in the mix.
Zoning analysis, preliminary architectural work, and proforma available upon request.
New Price: $975,000 (Previously $1.1M)
Delivered as-is. Buyer responsible for due diligence.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning CMX2
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Electric
Exterior
Utilities Available Sewer Available, Water Available
Water Access N
View Street
Roof Type Flat
Street Surface Black Top,Concrete,Paved
Accessibility No Stairs
Garage N
Building
Lot Description Not In Development
Story 1
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 1
Additional Building Above Grade
New Construction N
Schools
High Schools Overbrook
School District The School District Of Philadelphia
Others
Senior Community No
Tax ID 882933865
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Financing Cash,Conventional,Exchange
Special Listing Condition Standard
Nearby School & Business
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