3826 Lancaster Avenue Commercial, West Powelton PHL Rental

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University City Commercial Space

Don't miss the opportunity to lease a prime commercial space located on a corner lot at 3826 Lancaster Ave in University City. Zoned CMX-1, this large floor-plan features 900 square feet of above-grade space and an additional 400 square feet of below-grade storage space. Natural light is abundant with plenty of windows flanking both sides of the main room, plus enjoy high ceilings making it feel even more spacious. There is a convenient half bath located by the entrance as well as additional storage closets. This space is in an ideal location, within walking distance to University City, Saunders Park, Vidas Athletic Complex, & Penn Presbyterian Medical Center. Also nearby I-76, I-676, and surrounded by ample public transportation options along Lancaster Avenue and Market Street making traveling around the city very easy. Neighboring local attractions include Sabrina's Cafe University City, Stomping Grounds Social Justice Cafe, Coco's Cookies and Creamery, and more! Finally, this space offers the future tenant a chance to receive a SIP Grant (Storefront Improvement Program) through the City of Philadelphia and/or the InStore Program; two programs offered by the city to incentivize the activation of street-level retail along the city’s prime commercial corridors like Lancaster Avenue. More details can be found online about these programs but to summarize, the SIP Grant offers operators a 1/2 discount on the cost of storefront improvements while the InStore Program is a forgivable loan program that helps eligible retail, food, and creative for-profit and non-profit businesses purchase equipment and materials associated with establishing a new location or expanding at an existing one. LL will provide reasonable build-out costs through a tenant improvement allowance. *CMX-1 zoning. NNN lease; tenant responsible for all utilities. Lease Terms: Generally, 1st month, and 1 month security deposit due at, or prior to, lease signing. Other terms may be required by Landlord such as last month’s rent upfront. $65 application fee per applicant. Tenants are responsible for: electricity, gas (if applicable), cable/internet and $10/mo technology fee. Water is a flat monthly fee of $60. Additional fees or requirements may be applicable for units with Homeowners or Condo Associations. Landlord Requirements: Applicants to make 3x the monthly rent in verifiable gross income, credit history to be considered, no evictions within the past 5 years, and must have a verifiable rental history with on-time rental payments. Exceptions to this criteria may exist under the law and will be considered. Cosigners will be considered.