Bought with NON MEMBER • Non Subscribing Office
$2,000,000
$2,000,000
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0.55 Acres Lot
SOLD DATE : 09/24/2026
Key Details
Sold Price $2,000,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision Philadelphia (South)
MLS Listing ID PAPH2424392
Sold Date 09/24/26
Year Built 1950
Annual Tax Amount $13,971
Tax Year 2025
Lot Size 0.550 Acres
Acres 0.55
Property Sub-Type Industrial
Source BRIGHT
Property Description
Construction has begun in the rapidly developing Bellwether District. This property offers a rare investment opportunity featuring two street-to-street parcels totaling approximately 0.55 acres with multiple income streams.The ±4,800 SF warehouse is leased on a yearly basis for $4,500 per month and includes a kitchen area and three overhead doors. The adjoining lot is rented for $1,500 per month. In addition, a V-sign on the property produces $2,041.67 per month, with approximately 3.5 years remaining on the lease. The sign company also contributes $9,800 annually toward real estate taxes.Total monthly income is $8,041, with $9,800 per year in tax reimbursement. There is potential to convert the sign to digital, which could significantly increase rent and property value.Located along one of Philadelphia's highest-traffic corridors near I-676, this property is positioned for continued growth and long-term appreciation within the expanding Bellwether District.
Location
State PA
County Philadelphia
Area 19145 (19145)
Zoning I2
Interior
Hot Water Oil
Heating Baseboard - Electric, Other
Cooling Wall Unit
Heat Source Electric
Exterior
Garage Spaces 30.0
Water Access N
Accessibility None
Total Parking Spaces 30
Garage N
Building
Lot Description Additional Lot(s)
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 885566920, 882970205
Ownership Fee Simple
Special Listing Condition Standard
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