UPDATED:
01/07/2025 02:12 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 8,450 sqft
Price per Sqft $710
MLS Listing ID PAPH2411924
Originating Board BRIGHT
Year Built 1960
Annual Tax Amount $9,137
Tax Year 2024
Lot Size 1.379 Acres
Acres 1.38
Lot Dimensions 213.00 x 296.00
Property Description
flex/warehouse building offers a varied opportunities in a surging area of the
Philadelphia industrial market. A surge of recent activity in the area is demonstrating the tremendous value this pocket of the city can provide for a variety of business and logistic uses. The property sits just across the river from the new Bellwether District, a 17.5 million-square-foot industrial and life sciences project at the
former site of the Philadelphia Energy Solutions refinery. Right across the street, the new 5 acre soil recycling facility project by Alterra is well underway. This prime location on West Passyunk Ave offers easy
access to major transportation hubs, including I-76 , I-95, Philadelphia International Airport, and the growing epicenter of Philadelphia industrial. The Philadelphia Navy Yard complex is 10 minutes away. The property has direct access from both W. Passyunk Ave and S. 61st St, providing high visibility with over 64,000 vehicles per day along Passyunk Ave and 52,000 vehicles per day along 61st Street. With other anchor
industrial businesses all around, this area is bustling with development and is on track to being a key hub in the future of Philadelphia's industrial market. This multi-tenant property generates over $28.5k in per month in rent with an additional $16.5k per month attainable from currently owner occupied space and the potential to generate approximately $59k per month upon fully utilizing the property and bringing each space to market rate. It is configured for both rental income and owner use, with a mix of month-to-month tenants and owner-occupied spaces, offering flexibility for future development.
The main building includes a front office, two drive-in entrances with roll-up doors, and a spacious garage and warehouse, sixteen feet clear-height ceilings, ideal for a variety of industrial uses. The property also features two apartments, a rear garage and warehouse, and a detached four-car garage for additional storage or workspace.
Recent upgrades have generated additional value, including newly coated roofs this year
and replaced Central A/C and heating systems throughout. There are three electric
service meters, one being 3-phase, and the property includes two 80-gallon water
heaters. Additionally, it is well-equipped with an in-ground lift operated by air
compressor, three above-ground lifts (approx. 11,000 lb capacity), and three floating I-
beam rail hoists (with capacities ranging from 30-40 tons), perfect for heavy-duty
operations. With two mobile trailer offices included in the sale, the property offers flexibility for
various business needs.
This industrial property, with its extensive features and prime location, presents a
unique opportunity for investors or business owners looking to capitalize on the area's
growth and connectivity and central location.
Location
State PA
County Philadelphia
Area 19153 (19153)
Zoning I3
Interior
Hot Water Natural Gas
Heating Central
Cooling Other
Inclusions Car lift, two trailers, other equipment negotiable
Equipment Negotiable
Heat Source Natural Gas
Exterior
Garage Spaces 104.0
Water Access N
Roof Type Flat
Accessibility None
Total Parking Spaces 104
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 884791000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Seller Financing
Listing Terms Cash, Conventional, Seller Financing
Financing Cash,Conventional,Seller Financing
Special Listing Condition Standard
