Industrial Redevelopment Opportunity

5623 Lancaster Avenue Philadelphia, PA 19131

Philadelphia
FOR SALE
Property Type:
Other Industrial
Amount:
$695,000
Last Verified:
Jun 07, 2022

Highlights

  • 3,200 SF on .39 Acres
  • Two (2) Drive-In Doors – 10’ X 12’ & 14’ X 13’
  • Zoning ICMX – Industrial Commercial Mixed-Use – City of Philadelphia
  • Approximately 143’ of prime frontage on highly traveled Lancaster Avenue
  • Property is located approximately 2 miles to the I-76 ramp offering easy access to Center City Philadelphia and Bridges to New Jersey
  • Taxes - $13,603.25 – Estimated 2022

Description

3,200 SF on .39 Acres Available for Sale

Property is located approximately 2 miles to the I-76 ramp offering easy access to Center City Philadelphia and Bridges to New Jersey

Building Size: 3200sq ft
Lot Size: 0.39 acres

Map of 5623 Lancaster Avenue, Philadelphia, PA, 19131

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.