1621 N American St - Warehouse FOR SALE


Philadelphia, PA 19122- Olde Kensington
$995,000 USD
267-780-3419
1621 N American St, Philadelphia, PA for Sale
$995,000 USD
Warehouse - FOR SALE
1/11
null | Request Cap Rate

NEW


1621 N American St
Philadelphia, PA 19122
Olde Kensington


OVERVIEW

The property consists of a ±6,700 SF masonry shell structure with six rollup doors fronting N. 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.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$149 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

6

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17

LAND SF

7,361

ZONING

ICMX

APN/PARCEL ID

884590705

ASK ABOUT THIS PROPERTY

Jon O'SheaMcCann CommercialMore Info
267-780-3419

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Jon O'SheaMcCann CommercialMore Info
267-780-3419

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