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$3,800,000
Est. payment /mo
1.33 Acres Lot
UPDATED:
11/12/2024 04:20 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2418190
Originating Board BRIGHT
Year Built 1922
Annual Tax Amount $17,132
Tax Year 2024
Lot Size 1.330 Acres
Acres 1.33
Lot Dimensions 301.00 x 193.00
Property Description
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 smaller 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.
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 smaller 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.
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning ICMX
Interior
Hot Water Electric
Heating None
Cooling None
Heat Source None
Exterior
Garage Spaces 25.0
Water Access N
Accessibility None
Total Parking Spaces 25
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 884844700
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Listed by Jason Kleinman • SDG Management, LLC
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