Multi-Tenant Flex Industrial
For Sale
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105-135 W Erie Avenue, Philadelphia, PA 19140
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 Market149
Property Features for 105-135 W Erie Avenue
General Information
Standard status
Active
Size
44,629 SF
Class
B
Lot size
1.59 Acres
Property subtype
Retail, Industrial
Zoning
I2 Medium Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Additional Details
Sprinkler System
Yes
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Blueprint Commercial
Listed By:
Gerry Smith · License #RS249249
(610) 509-3690
Source:
Crexi
Added: May 27
Changed: Oct 16
Last Checked: Oct 20 at 8:05PM
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
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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)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$456,490
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,129,800
$9.1M
Cap Rate 7%
$6,521,286
$6.5M
Cap Rate 9%
$5,072,111
$5.1M
Market Conditions
NOI Build-Up for 44,629 SF
Gross rent
$583.7K $13.08/SF
− Vacancy
−$46.7K −$1.05/SF
EGI
$537.0K $12.03/SF
− OpEx
−$80.6K −$1.81/SF
NOI
$456.5K $10.23/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,129,800
Cap Rate 7%
$6,521,286
Cap Rate 9%
$5,072,111
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 authorities.
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,104
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Philadelphia, PA
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Frequently Asked Questions
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)
