Drexel University has acquired a prominent parcel adjacent to its campus, securing the opportunity for future redevelopment. Currently occupied by a 7-Eleven convenience store, Drexel has stated the store will remain open for the foreseeable future.

The university, through its subsidiary Academic Properties Inc. (API), purchased the site at 3401 Lancaster Ave., located at the northwest corner of 34th Street and Lancaster Avenue in University City, for $4 million.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia land sites for sale or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our website, www.wolfcre.com for a full listing of Philadelphia land sites for sale.