1950 E Logan St - Warehouse FOR SALE


Philadelphia, PA 19141- Logan-Ogontz-Fern Rock
$1,800,000 USD
267-808-6565
1950 E Logan St, Philadelphia, PA for Sale
$1,800,000 USD
Warehouse - FOR SALE
1/9
null | Request Cap Rate

1950 E Logan St
Philadelphia, PA 19141
Logan-Ogontz-Fern Rock


HIGHLIGHTS

  • Approved for 111 unit redevelopment
  • Approved for 10 year tax abatement

OVERVIEW

Fantastic development opportunity on the edge of the rapidly improving LaSalle U and Germantown neighborhoods. Approved for 111 apartments with off street parking, this site represents an opportunity to establish a stable and predictable cash flowing asset for years to come in an area poised for substantial growth. Unit mix consists of 71 one bedroom apts, 39 two bedroom apts, 1 three bedroom apt. Total finished square footage to be 85,384sf. A local contraction company currently rents a portion of the site for about $3200 a month which can continue after purchase. Call for details or site tour.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$51 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

4

DRIVE INS

1

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.29

LAND SF

99,752

ZONING

R9

APN/PARCEL ID

884074550

ASK ABOUT THIS PROPERTY

Larry LevinRealty Mark AssociatesMore Info
267-808-6565

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Larry LevinRealty Mark AssociatesMore Info
267-808-6565

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