2929-69 B St - Warehouse FOR SALE


Philadelphia, PA 19134- Kensington
$4,875,000 USD
856-214-2639
2929-69 B St, Philadelphia, PA for Sale
$4,875,000 USD
Warehouse - FOR SALE
1/17
null | 7.53% Cap Rate

2929-69 B St
Philadelphia, PA 19134
Kensington


HIGHLIGHTS

  • lot is ideal for development while you still have income from garages all leases are attached

OVERVIEW

The subject property consists of a class C industrial building that was built circa 1930 and contains approximately 70,000 SF. The building is current divided into 13 units/suites with 11 5,000 SF units and two (2) 7,500 SF units. A majority of the building features 16’ clear ceiling with other areas featuring higher ceilings. The building is accessed via 15 grade-level doors and in overall average condition. As of listing the building is 100% occupied by a total of 12 tenants with automotive repair and service business. The property is located on a 2.9186 acre site within the Kensington section of Philadelphia on the SEC of B Street and E Indiana Avenue. The property is located within the ICMX – Industrial Commercial Mixed-Use Zone of the City. This property includes 334 E Indiana Ave ID 884037701, 2961-69 B St ID 885974680, Expense: Taxes $39,800 Water 1300 $ Insurance $38,392 per owner

FOR SALE DETAILS

PRICE

$4,875,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

7.53%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

16 Ft

DOCKS

3

DRIVE INS

5

PARKING SPACES

12

LAND DETAILS

LAND ACRES

1.86

LAND SF

81,126

ZONING

ICMX

APN/PARCEL ID

884037700

ASK ABOUT THIS PROPERTY

Janet Cantwell-PapaleCompass CommercialMore Info
856-214-2639

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Janet Cantwell-PapaleCompass CommercialMore Info
856-214-2639

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