Major Price Reduction – Now Offered at $975,000 | Prime Development Opportunity in West Philly's QOZ
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.
Listed by Justin Jarrell James
·
License #RS345750
·
KW Empower
·
2679016296
Last updated March 11, 2026
·
Source: BrightMLS #PAPH2583202
Listing Facts
TypeSingle-family
NeighborhoodMill Creek
Days on Prevu33
Taxes$1,985/year
Location
Mortgage Calculator
Listing History
02/11/2026
Listed by KW Empower
$975,000
Property Details for 4401-4427 Lancaster Avenue
Exterior
Construction
New Construction: No
Roof: Flat
Year Built: 1915
Architectural Style: Other
Construction Materials: Masonry
Features
Other Structures: Above Grade
View: Street
Waterfront: No
Measurements
Lot Features: Not In Development
Lot Size Acres: 0.23
Lot Size Source: Estimated
Lot Size Square Feet: 10,084
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $1,985.00
Tax Year: 2019
Interior
Measurements
Living Area Source: Estimated
Rooms
Has Basement: No
Other
Features
Accessibility Features: No Stairs
General
Senior Community: No
Location
Subdivision Name: MANTUA
Tax Lot: 158
Parking
Parking
Garage: No
Schools
High School
High School: OVERBROOK
Utilities
Equipment
Cooling: Central A/C
Heating: Forced Air
Has Heating: Yes
Sewer: Public Sewer
Utilities: Sewer Available, Water Available
Water Source: Public
Frequently Asked Questions
How many bedrooms does this single-family home have?
There is bedrooms in this single-family home at 4401-4427 Lancaster Avenue.
What schools are nearby to 4401-4427 Lancaster Avenue?
Nearby schools include the OVERBROOK High School.
What are the annual taxes for 4401-4427 Lancaster Avenue?
Annual taxes for this single-family home are estimated at $1,985.
How does 4401-4427 Lancaster Avenue compare to other single-family homes in Mill Creek?
This single-family home is listed 41% above the average price for single-family homes in Mill Creek and has been on the market for 62 less days than the typical home in this area.
4401-4427 Lancaster Avenue is a -bedroom single-family home for sale in PHILADELPHIA PA 19104. On Prevu for 33 days at $975,000. This residence is located in Mill Creek. The median listing price for single-family homes in this area is $199,949. Nearby schools include OVERBROOK High School. View other single-family home listings in Philadelphia.
The data relating to real estate for sale on this website appears
in part through the BRIGHT Internet Data Exchange program, a voluntary
cooperative exchange of property listing data between licensed real
estate brokerage firms in which participates, and is provided by BRIGHT
through a licensing agreement. The information provided by this website
is for the personal, non-commercial use of consumers and may not be used
for any purpose other than to identify prospective properties consumers
may be interested in purchasing. Copyright BRIGHT, All Rights Reserved.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
