6123 W Passyunk Ave , Philadelphia, PA 19153
Philadelphia, PA 19153
Description
This rare 1.4-acre industrial property with I-3 zoning and an 8,160 square footflex/warehouse building offers a varied opportunities in a surging area of thePhiladelphia 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 theformer 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 easyaccess 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 anchorindustrial 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 yearand replaced Central A/C and heating systems throughout. There are three electricservice meters, one being 3-phase, and the property includes two 80-gallon waterheaters. Additionally, it is well-equipped with an in-ground lift operated by aircompressor, 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-dutyoperations. With two mobile trailer offices included in the sale, the property offers flexibility forvarious business needs. This industrial property, with its extensive features and prime location, presents aunique opportunity for investors or business owners looking to capitalize on the area'sgrowth and connectivity and central location.
Details
| MLS# | PAPH2411924 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 80 |
| Listing Provided By | Compass Pennsylvania, LLC | Adam J. Baldwin |
Features
| SQ Feet | 8,450 |
|---|---|
| Zoning | I3 |
| Acreage | 1.38 |
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Learn More About This Property
| State | PA |
|---|---|
| County | Philadelphia |
| City | Philadelphia |
| Zip Code | 19153 |
| Area | 19153 |
| School District | Philadelphia City |
| Listing VS Median (in 19153) | |
Price: $6,000,000 low | high Med: $0 On Site: 80 low | high Med: | |
