Industrial Flex Building with
1028 S 3rd Street Lansdowne, PA 19050
1028 S 3rd Street, Lansdowne, PA, 19050
$1,499,000
For Sale
$1,499,000
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$124.92
Days on Market117
Property Features for 1028 S 3rd Street
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 0.37 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agency
Keller Williams Main Line
(610) 348-7490
Listed by
Bryan Clay · License #RS345751
Source
Deepcreeklake
Added: Mar 28 Updated: Jul 22 at 3:11AM Checked: Jul 22 at 3:11AM
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
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
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.8k | $11.40 |
| − Vacancy | −$7.7k | −$0.64 |
| EGI | $129.1k | $10.76 |
| − OpEx | −$45.2k | −$3.77 |
| NOI | $83.9k | $7.00 |
12,000 SF · lease $11.40/SF/yr · vacancy 5.60% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.20M
$1.05M – $1.40M
NOI $83,940 @ 7.0% cap · market cap 5.60%
Second Best
Industrial
$1.04M
$909.8K – $1.21M
NOI $72,784 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$3.64M
$3.18M – $4.24M
NOI $254,680 @ 7.0% cap · market cap 16.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Apex Restaurant & Catering Services LLC — 206 MacDade Blvd, Yeadon, PA 19050
- HðŸ‡ðŸ‡º Hungary Foods — S Lansdowne Ave, 303 436 S A, Lansdowne, PA 19050
FAQs
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 $1,499,000.
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
