2781 Roberts Ave - Warehouse FOR SALE


Philadelphia, PA 19129- East Falls
$2,600,000 USD
215-301-7448
2781 Roberts Ave, Philadelphia, PA for Sale
$2,600,000 USD
Warehouse - FOR SALE
1/7
null | Request Cap Rate

2781 Roberts Ave
Philadelphia, PA 19129
East Falls


HIGHLIGHTS

  • Price Reduced!
  • 2781 Roberts Avenue is being offered on a fee simple basis and free and clear of existing debt.
  • Immediate access to Route 1, which is just ½ mile or 2- minute drive, as well as just 1.25 miles to I-76.
  • Capital improvements made in 2020 and is currently occupied by an established imaging systems firm.
  • The property is being offered on a flexible basis and Letters of Intent will be reviewed and considered upon submission.

OVERVIEW

The Flynn Company has been retained on an exclusive basis to arrange the sale of 2781 Roberts Avenue, a 26,500 square foot (“SF”) 2-story user-purchase, value-add or development opportunity. The building underwent significant capital improvements in 2020 and is currently occupied by an established imaging systems firm that will be vacating the property effective December 31, 2024. The property is situated on 32,234 SF of land (0.74 acre) with thirty (30) onsite parking spaces and secure access from a shared driveway. The building currently has one (1) loading dock off Roberts Avenue and a drive-in door from the private parking lot. The building is an efficient L-shaped property with 13,250 SF per floor, new commercial storefront windows installed in 2020 that allow ample light to the 2nd floor and an open layout. The property is zoned I-2 Industrial that allows for a multitude of uses, including light industrial, flex industrial, office, medical office, institutional, and self-storage. Given the location, effective floorplates, ample light and existing parking, the building would convert quite well to residential, subject to a zoning variance. With three (3) separate existing entrances, the building can also be demised to accommodate a multi-tenant configuration. The 1st floor is currently used as light industrial for high-end imaging systems, so the entire space has been kept in pristine condition; it currently consists of the open work/machinery area, large internal monitoring, and shipping areas, 2 small offices and access to the loading, elevator, and mechanical areas. The 2nd floor is elevator-served and built out as finished office with seven (7) offices, five (5) conference rooms, open work areas that accommodate 52 workstations, reception area and kitchenette.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$98 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

2

YEAR BUILT

1960

UTILITIES

Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.74

LAND SF

32,234

ZONING

I-2

APN/PARCEL ID

884132520

ASK ABOUT THIS PROPERTY

Mike GallagherThe Flynn CompanyMore Info
215-301-7448

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Mike GallagherThe Flynn CompanyMore Info
215-301-7448

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