432 W Allegheny Ave - Warehouse FOR SALE


Philadelphia, PA 19133
$8,000,000 USD
267-357-8057
432 W Allegheny Ave, Philadelphia, PA for Sale
$8,000,000 USD
Warehouse - FOR SALE
1/37
null | Request Cap Rate

432 W Allegheny Ave
Philadelphia, PA 19133


HIGHLIGHTS

  • 432 W Allegheny Avenue is a 72,270 SF Industrial Commercial Mixed-Use parcel located along Allegheny Avenue between the highly developing neighborhood
  • The site is adjacent to Plaza Allegheny, which is a fully developed neighborhood shopping center.
  • Overbuild development opportunity to add residential units to the existing 86,415 SF building plus 2,500 SF ancillary building.
  • There parking to the east of the main building between the furniture store and the dental clinic and parking to the west with 38 space.

OVERVIEW

432 W Allegheny Avenue is a overbuild development opportunity to add residential units to the existing 86,415 SF building plus 2,500 SF ancillary building. The rents from the current tenants, Acelero Learning and Legacy Furniture, would be used to offset costs while developing the second floor of the building. If necessary, the space occupied by Legacy Furniture can be delivered vacant. The small building to the east, currently leased by a dental clinic, can be demolished for a parking and delivery entrance to be developed for apartments above. ICMX zoning which doesn’t allow residential development. Seller will work with Buyer to gain approvals for zoning variance. The Seller owns the adjoining shopping center. PARKING: There parking to the east of the main building between the furniture store and the dental clinic and parking to the west with 38 space.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$93 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2018

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.74

LAND SF

75,794

ZONING

ICMX

APN/PARCEL ID

884605800

ASK ABOUT THIS PROPERTY

Veronica BlumMPN RealtyMore Info
267-357-8057

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Veronica BlumMPN RealtyMore Info
267-357-8057

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