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***HUGE Price Reduction for a quick Sale!*** Introducing an exceptional investment opportunity: a roughly 5,000-square-foot warehouse for sale, just a block off Lancaster Ave and situated in a Qualified Opportunity Zone (QOZ)! This property is currently configured into eight spacious garage units, each rented out individually. With tall overhead doors and impressive high ceilings, these large units offer plenty of room for a variety of uses. Presently, all units are leased on a month-to-month basis at significantly below-market rates. Current market rents hover around $700-800 per unit, translating to an impressive potential income of $67,200-76,800 per year! Seize this amazing chance to elevate your investment strategy"”either increase rents for immediate cash flow or vacate the building for your personal use, or mix and match both approaches! But that's not all"”you're also land banking a prime parcel in an up-and-coming neighborhood. With a new construction apartment complex already underway just two blocks away and a proposed 25-unit apartment building directly across the street, the growth potential for this area is undeniable. Don't miss out on this fantastic opportunity to invest in a property with both immediate returns and long-term value!
Property Type(s):
Commercial
| Last Updated | 12/19/2024 | Year Built | 1925 |
|---|---|---|---|
| Community | 19131 (19131) | County | PHILADELPHIA |
Price History
| Prior to Dec 19, '24 | $550,000 |
|---|---|
| Dec 19, '24 - Today | $490,000 |
Additional Details
| AREA | 19131 (19131) |
|---|---|
| HEAT | Baseboard, Electric |
| LOT | 4792 sq ft |
| LOT DIMENSIONS | 89.00 x 111.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| STORIES | 1 |
| TAXES | 2017 |
| WATER | Public |
Location
Listing provided by Real of Pennsylvania
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Keller Williams participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Keller Williams are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 1/10/25 3:48 AM PST
This IDX solution is (c) Diverse Solutions 2025.
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