0.82 Acres Lot
0.82 Acres Lot
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2636376
Year Built 1978
Annual Tax Amount $37,924
Tax Year 2025
Lot Size 0.824 Acres
Acres 0.82
Lot Dimensions 132.00 x 272.00
Property Sub-Type Industrial
Source BRIGHT
Property Description
The property is 100% leased to a single tenant on a triple-net-style lease, generating $198,000 in annual income at an approximate 6.60% cap rate ($76.90/SF). The tenant has invested approximately $500,000 of its own capital into the space, with roughly two years remaining on the lease term plus a five-year renewal option.
Rail-adjacent and minutes from the Wayne Junction SEPTA hub, with quick access to I-76 and Roosevelt Boulevard. Approximately six miles from PhilaPort and fifteen miles from Philadelphia International Airport. Public water and sewer, PECO electric service, and a PGW gas main on Stenton Avenue. Built in 1935 of masonry and heavy timber construction. Fee simple, clean title.
Suitable for net-lease investors, owner-user manufacturers, distribution operators, or developers considering ICMX adaptive reuse. Full financials available upon request.
Location
State PA
County Philadelphia
Area 19144 (19144)
Zoning ICMX
Interior
Hot Water None
Heating None
Cooling Central A/C
Heat Source None
Exterior
Garage Spaces 11.0
Utilities Available Sewer Available, Water Available
Water Access N
Accessibility None
Total Parking Spaces 11
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 884559600
Ownership Fee Simple
Special Listing Condition Standard
Virtual Tour https://www.youtube.com/watch?v=9vFdvxlUUls
Nearby Locations