1850 E Sedgley Ave - Manufacturing FOR SALE


Philadelphia, PA 19124- Kensington
$3,800,000 USD
609-335-4016
1850 E Sedgley Ave, Philadelphia, PA for Sale
$3,800,000 USD
Manufacturing - FOR SALE
1/14
null | Request Cap Rate

1850 E Sedgley Ave
Philadelphia, PA 19124
Kensington


OVERVIEW

Located in the rapidly growing Harrowgate neighborhood, 1850 E Sedgley Avenue offers a prime investment opportunity. This expansive 54,916 square foot, three-story building sits on a 57,934 square foot lot and is zoned IRMX, providing a variety of options for redevelopment—whether as multi-family units, commercial space, or a mix of both. Alternatively, the property can be leased out immediately for a strong return through a NNN lease. The property also includes a large parking lot of approximately 35,000-40,000 square feet, providing ample parking space for tenants or customers. This vast parking area offers significant development potential, either for additional buildings or other uses to complement the existing structure. There are 2 income-generating garages on-site. A 1,150 square foot detached garage is rented for $1,000 per month, while an attached garage of about 1,000 square feet generates $1,500 per month. The water tower on the roof can be used for advertising. With flexible zoning, generous parking, and immediate cash flow from existing rentals, 1850 E Sedgley Avenue is a versatile property with excellent potential for both short-term income and long-term growth.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Distribution, Warehouse, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1956

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

12 Ft

DOCKS

5

DRIVE INS

5

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.29

LAND SF

56,192

ZONING

IRMX

APN/PARCEL ID

884844700

ASK ABOUT THIS PROPERTY

Stephen StaffordStamm Development GroupMore Info
609-335-4016

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Stephen StaffordStamm Development GroupMore Info
609-335-4016

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.