12 South Wycombe Avenue

Lansdowne, Pennsylvania has undergone a notable transformation in recent years, evolving from a historically “dry town” into a vibrant, culturally driven community. After decades of restrictions, voters approved a referendum allowing beer, wine, and liquor sales in restaurants and select retail locations, marking a major shift in the borough’s economic growth and appeal. This change built on earlier revitalization efforts, most notably the restoration of the iconic Lansdowne Theater. Originally opened in 1927, the theater sat vacant for over 30 years before undergoing an extensive restoration to return it to its former glory. Located just one block from the subject property at 12 S Wycombe Avenue, the theater now serves as a central hub for arts, music, and live entertainment, playing a key role in establishing Lansdowne as a destination for dining, nightlife, and culture. Beyond its cultural resurgence, Lansdowne offers a highly walkable downtown environment centered along Lansdowne Avenue, where a mix of locally owned restaurants, cafés, and boutique shops contribute to a strong sense of community. The borough regularly hosts seasonal events, markets, and performances that attract both residents and visitors, further enhancing its appeal. With the introduction of liquor licenses, businesses have been able to expand and new concepts continue to emerge, strengthening the local economy. Coupled with its convenient access to Center City Philadelphia via Regional Rail and major roadways, Lansdowne presents an attractive opportunity for both residents and investors, supported by its historic charm, ongoing development, and increasing demand.MPN Realty, Inc. is please to present the exclusive sale of 12 S. Wycombe Avenue, a 42-unit multifamily development opportunity in Lansdowne, PA. Ownership has obtained zoning approval for 41 apartments, 1,085 SF of commercial space and 11 on-site parking spaces. The apartment mix includes: (32) – 1 BR / 1 Bath, (4) – 2 BR / 1 Bath, and (5) 2 BR / 2 Bath. The site includes (3) parcels: 2 S Wycombe Ave, 10 S Wycombe Ave and 12 S Wycombe Ave and total 30,170 SF. The site is well located on the corner of S. Wycombe Ave and Baltimore Ave; Lansdowne’s main commercial corridor. 12 S Wycombe Ave presents a rare opportunity to develop a multifamily building in the heart of Lansdowne, a transforming neighborhood that includes the restoration of Lansdowne Theatre and a recently passed bill allowing alcohol sales in what was formerly a “dry town." The property is located within a Qualified Opportunity Zone (QOZ), offering potential tax incentives and strategic benefits for investors and developers.