UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Fishtown
MLS Listing ID PAPH2634800
Year Built 1932
Annual Tax Amount $2,380
Tax Year 2007
Lot Size 0.637 Acres
Acres 0.64
Property Sub-Type Industrial
Source BRIGHT
Property Description
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.
OWNER-USER PATH: Invest $250,000–$300,000 in a roof and core buildout and own ±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.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning ICMX
Interior
Hot Water Natural Gas
Heating Other
Cooling None
Flooring Heavy Duty
Heat Source Electric
Exterior
Utilities Available Water Available, Sewer Available, Electric Available
Water Access N
Roof Type Flat
Accessibility None
Road Frontage Boro/Township, State
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 884590705
Ownership Fee Simple
Acceptable Financing Conventional, Private
Listing Terms Conventional, Private
Financing Conventional,Private
Special Listing Condition Standard
Nearby School & Business
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Joseph Asterino
Broker Associate | License ID: AB066344
Broker Associate License ID: AB066344