3948 Lancaster Avenue Philadelphia, PA ^$ 475,000

3948 Lancaster Avenue

^$ 475,000

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3948 Lancaster Avenue

Philadelphia, PA, 19104

^$ 475,000

Bedrooms-- Baths-- Sq 2,996

Monthly Estimate*

^$ 2,925

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Commercial Property for sale in Philadelphia, PA

for $475,000. This 2,996 square foot building was built in 1915 on a lot size of 0.05.

40th & Lancaster Ave in Phila mixed use building is in the University City area. This building was renovated from top to bottom in 2020 all permits were pulled. The storefront space has a permitted walk thru to 3946 Lancaster Ave retail space and was recently renovated which opens up additional business opportunities. There is a nice backyard outdoor space which also opens up additional business opportunities. There are 2 apartments that are currently rented 1 one-bedroom one bath apartment rents for $1375.00 per month and 1 two-bedroom two bath apartment rents for $1500.00 per month. Both apartments have washers and dryers in them.

Commercial Pending

Price

^$ 475,000

Property Type

Commercial

Taxes

^$ 6,231

Style

Lot Size

0.05

Year Built

1915

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2480708

Features

Interior

Heating Fuel Electric

Hot Water Electric

Total Stories 3

Heating Y/N Y

Central Air Y/N Y

General

Sewer Public Sewer

Heating Heat Pump - Electric BackUp

Cooling Central A/C

Possession Settlement

Zoning CMX2

Construction Materials Masonry

Year Built 1915

Property Subtype Mixed Use

Tax Year 2024

Ownership Fee Simple

Cool Fuel Electric

Municipality PHILADELPHIA

Business Type Other

Accessibility None

County PHILADELPHIA

New Construction N

Property Type Commercial Sale

Water Access Y/N N

Status PENDING

Directions 40th & Lancaster Ave

City PHILADELPHIA

Number Of Units Total 3

MLS Area 19104 (19104)

Lot Size Units Square Feet

Lot Size Square Feet 1995.00

Tax Annual Amount 6231.0

Property Condition Excellent

Price Per Sq Ft Total AG 158.54

Acceptable Financing Cash Conventional

Vacation Rental Y/N N

Standard Status Pending

Year Built Source Assessor

Tax Lot 42

Exterior

Water Source Public

Type of Parking On Street

Water View Y/N N

Building Area Total 2996.00

Lot Dimensions 21.00 x 95.00

Lot Size Acres 0.05

Lot Size Source Assessor

Waterfront Y/N N

Land Assessed Value 89040.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 3948

* Excluded Features

List By

Keller Williams Main Line

Broker

daveya45@icloud.com

Affordability Calculator

$3,444

Per Month

Monthly Principal & Interest: $2,925
Monthly Property Taxes: $519
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Philadelphia, PA

Average List Price ^$1,111,766

Percent of Sale Price 134%

About Philadelphia, PA

1,588,239 Population

5% Since 2002

^$42,223 Median Income

36 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/29/2025	$475,000	-13.64%	Price Down
7/9/2025	$550,000	-24.14%	Price Down
5/13/2025	$725,000		Listed Price

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3948 Lancaster Avenue, Philadelphia, PA, 19104 is a Commercial Property for sale at $475,000 with 2,996 sqft and a lot size of 0.05. 3948 Lancaster Avenue was built in 1915. The property's zip code is 19104 which is in Philadelphia, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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3948 Lancaster Avenue

Commercial Property for sale in Philadelphia, PA

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