Hard-to-find mixed-use investment opportunity with strong in-place income and significant value-add potential. This industrial property in Philadelphia features 5 residential units, an approximately 8,400 SF warehouse with a 12' x 14' roll-up door, and a secured yard with three garage buildings totaling 90 garages. The residential units and majority of the garages are currently rented, providing immediate cash flow. The warehouse is vacant, offering immediate opportunity for lease-up or repositioning. Additional upside exists through rent increases, garage optimization, and overall repositioning. The residential units require renovation and may lend themselves to alternative uses such as office or administrative space, subject to buyer's plans and due diligence. Ideal for investors, contractors, or owner-users seeking a versatile asset with multiple income streams and strong upside.
| MLS # | PAPH2583210 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1925 |
| Days On Site | 249 |
| Listing Provided By | HomeSmart Realty Advisors | Elizabeth Munoz-Ortiz |
| Zoning | I2 |
|---|---|
| Acreage | 1.10 |
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Radiant |
| Construction Materials | Masonry |
|---|---|
| Lot Features | Other |
| Garage Yes / No | No |
|---|
| Tax Annual Amount | 2298 |
|---|
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19140 |
| Area | 19140 (19140) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19140) | |
Price: $1,400,000 low | high Med: $140,000 On site: 249 low | high Med: 44 | |
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19140 |
| Area | 19140 (19140) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19140) | |
Price: $1,400,000 low | high Med: $140,000 On site: 249 low | high Med: 44 | |