The property consists of a b1;6,700 SF masonry shell structure with six rollup doors fronting N. American Street. Exterior walls and doors are fully intact; the building is open to the sky - no roof - priced accordingly. ICMX zoning supports flex, light industrial, creative commercial, mixed-use, and residential development.… Read More OWNER-USER PATH: Invest $250,000-$300,000 in a roof and core buildout and own b1;6,700 SF of ground-floor warehouse/flex space on American Street at a total basis well below replacement cost. INVESTOR PATH: The garage bay configuration and American Street frontage support a compelling mixed-use income strategy: - 3 glass-front storefronts facing American Street - est. $2,200/mo each - 3 rear garage/flex bays - est. $1,300/mo each - Projected gross income: $10,500/mo | $126,000/yr Estimated total project cost $1.2M. Estimated stabilized value $1.4M-$1.6M at market cap rates. Surrounded by new residential construction, breweries, creative studios, and growing commercial activity. Adjacent to the Loading building. Minutes from Fishtown, Northern Liberties, and Northern Philadelphia's major growth nodes. All projections are estimates. Buyer to independently verify renovation costs, achievable rents, and zoning compliance. Sold as-is. Read Less
Courtesy of Jon M O'Shea, Keller Williams Main Line 610-520-0100
Listing Snapshot
Days Online
121
Last Updated
Property Type
Commercial
Square Ft.
6,700
Lot Size
0.64 Acres
Year Built
1932
MLS Number
PAPH2634800
Additional Details
Property Access
Road Responsibility: Boro/Township, State
Building
Built in 1932, Construction Materials: Brick, Masonry
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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