Industrial Flex Building with
For Sale
$1,450,000
1028 S 3rd Street, Lansdowne, PA 19050
Industrial flex building with 3 offices, 16' ceilings, and a fenced gravel lot with three garage doors.
Property Size12,000 SF
Lot Size0.37 Acres
Price / SF$120.83
Days on Market187
Property Features for 1028 S 3rd Street
General Information
Standard status
Active
Size
12,000 SF
Lot size
0.37 Acres
Property subtype
Commercial
Lease Term
[]
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
16 ft
Heavy Power
Yes
Building Details
Year Built
1950
Listing Agency:
Keller Williams Main Line
Listed By:
Bryan Clay · License #RS345751
(610) 348-7490
Source:
Deepcreeklake
Added: Apr 18
Changed: Oct 19
Last Checked: Oct 21 at 12:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Main Line
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial flex property includes a 12,000 SF warehouse/flex building designed for combined operations, along with a 16,000 SF fenced-in gravel lot. The building features 16' ceilings, three garage doors, phase III power, three offices, and three bathrooms. The office area is equipped with heat and air conditioning, while the warehouse includes ceiling-mounted gas heaters.
The property is made up of five parcels. This configuration provides flexibility for owner-operator use and space for tenants within the building and across the fenced lot.
With multiple access points via the garage doors and dedicated office and restroom facilities, the space is set up for mixed use between office support and warehouse operations.
The property is made up of five parcels. This configuration provides flexibility for owner-operator use and space for tenants within the building and across the fenced lot.
With multiple access points via the garage doors and dedicated office and restroom facilities, the space is set up for mixed use between office support and warehouse operations.
Key Highlights
- 12,000 SF industrial flex building with 16' ceiling height
- Includes 3 garage doors and 3 offices plus 3 bathrooms
- Warehouse features ceiling‑mounted gas heaters; offices have heat and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,940
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,678,800
$1.7M
Cap Rate 7%
$1,199,143
$1.2M
Cap Rate 9%
$932,667
$932.7K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$136.8K $11.40/SF
− Vacancy
−$7.7K −$0.64/SF
EGI
$129.1K $10.76/SF
− OpEx
−$45.2K −$3.77/SF
NOI
$83.9K $7.00/SF
Area
Delaware County, PA
Vacancy
5.60%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,678,800
Cap Rate 7%
$1,199,143
Cap Rate 9%
$932,667
Alternative Uses
Best Use
Flex RnD
$1.20M
$1.05M – $1.40M
NOI $83,940 @ 7.0% cap · market cap 5.79%
Second Best
Industrial
$1.04M
$909.8K – $1.21M
NOI $72,784 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$3.64M
$3.18M – $4.24M
NOI $254,680 @ 7.0% cap · market cap 17.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19050, PA
29,176
Population
12,695
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
92%
High-School Grad
3.7 sq mi
ZIP Area
7,885
Density / Sq Mi
$62,517
Median Household Income
$44,408
Median Earnings
$1,166
Median Rent
$188,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Apex Restaurant & Catering Services LLC — 206 MacDade Blvd, Yeadon, PA 19050
- H🇭🇺 Hungary Foods — S Lansdowne Ave, 303 436 S A, Lansdowne, PA 19050
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex building with 3 offices, 16' ceilings, and a fenced gravel lot with three garage doors.
Where is this flex space located?
The property is located at 1028 S 3rd Street Lansdowne, PA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 12,000 SF industrial flex building with 16' ceiling height; Includes 3 garage doors and 3 offices plus 3 bathrooms; Warehouse features ceiling‑mounted gas heaters; offices have heat and air conditioning
