Multi-Tenant Flex Industrial
105-135 W Erie Avenue Philadelphia, PA 19140
105-135 W Erie Avenue, Philadelphia, PA, 19140
Contact for pricing
For Sale
Contact for pricing
Fully sprinklered, heated and cooled flex/industrial building offers three leased spaces in an I2 Medium Industrial zone.
Property Size44,629 SF
Lot Size1.59 Acres
Price / SF$112.03
Days on Market58
Property Features for 105-135 W Erie Avenue
General Information
- Standard status
- Active
- Size
- 44,629 SF
- Lot size
- 1.59 Acres
- Property subtype
- Retail, Industrial
Building Details
- Year Built
- 1900
Listing agency
Blueprint Commercial
Listed by
Gerry Smith · License #RS249249
Source
Crexi
Added: May 27 Updated: Jul 10 at 1:52PM Checked: Jul 20 at 3:13AM
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 Blueprint Commercial
Investment Insights
Based on property information with market context.
105-135 W. Erie Avenue is a c. 1900 masonry construction flex/industrial building totaling 44,629 SF across four units. The property is fully sprinklered and includes heated and cooled warehouse and flex space. Current occupancy is 100% leased to three tenants: Yale Electric (22,500 SF), Brightside Academy (11,869 SF childcare), and Unico Auto Repair (10,260 SF).
The building is situated on a 1.59-acre parcel zoned I2 Medium Industrial, providing a practical platform for industrial-oriented users and flexible tenant configurations. The offering includes a multi-tenant structure with multiple distinct spaces rather than a single-tenant layout.
For buyers seeking an owner-operator or investment with established in-place tenants, this property provides diversified end-user types within industrial flex space, including electrical services, childcare, and auto repair. With heated and cooled areas and sprinkler protection throughout, it supports a range of operating needs while remaining consistent with the property’s industrial zoning foundation.
The building is situated on a 1.59-acre parcel zoned I2 Medium Industrial, providing a practical platform for industrial-oriented users and flexible tenant configurations. The offering includes a multi-tenant structure with multiple distinct spaces rather than a single-tenant layout.
For buyers seeking an owner-operator or investment with established in-place tenants, this property provides diversified end-user types within industrial flex space, including electrical services, childcare, and auto repair. With heated and cooled areas and sprinkler protection throughout, it supports a range of operating needs while remaining consistent with the property’s industrial zoning foundation.
Key Highlights
- 44,629 SF multi‑tenanted flex/industrial building built c. 1900 on a 1.59‑acre parcel
- Fully sprinklered building with heated and cooled warehouse/flex space across four units
- 100% leased to three tenants: Yale Electric (22,500 SF), Brightside Academy (11,869 SF), and Unico Auto Repair (10,260 SF)
Local Financial Insights For Warehouse
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 | $583.7k | $13.08 |
| − Vacancy | −$46.7k | −$1.05 |
| EGI | $537.0k | $12.03 |
| − OpEx | −$80.6k | −$1.81 |
| NOI | $456.5k | $10.23 |
44,629 SF · lease $13.08/SF/yr · vacancy 8.00% · expense 15.00%
Alternative Uses
Best Use
Retail
$7.21M
$6.31M – $8.41M
NOI $504,406 @ 7.0% cap · market cap 10.09%
Second Best
Flex RnD
$6.71M
$5.87M – $7.83M
NOI $469,943 @ 7.0% cap · market cap 9.40%
Theoretical Best
Multifamily LT 5
$10.88M
$9.52M – $12.69M
NOI $761,589 @ 7.0% cap · market cap 15.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- The Pizza Wagon Catering Company ( Food Truck )
- A Touch Of Class Catering — 827 e westmoreland st, philadelphia, pa 19134
- Kayla's Soulfood Club & Catering — 3557 N 5th St, Philadelphia, PA 19140
FAQs
What type of property is this?
Flex space - Fully sprinklered, heated and cooled flex/industrial building offers three leased spaces in an I2 Medium Industrial zone.
Where is this flex space located?
The property is located at 105-135 W Erie Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 44,629 SF multi‑tenanted flex/industrial building built c. 1900 on a 1.59‑acre parcel; Fully sprinklered building with heated and cooled warehouse/flex space across four units; 100% leased to three tenants: Yale Electric (22,500 SF), Brightside Academy (11,869 SF), and Unico Auto Repair (10,260 SF)
