Lancaster Avenue Cold Storage Facility

4651-4653 Lancaster Ave, Philadelphia, PA

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For Sale

Contact for pricing

8,000 SF cold storage facility suitable for distribution.

Type:INDUSTRIAL

Property size:

8,000 SF

Lot size:

0.12 Acres

Price / SF:

$125/SF

HighLights

Approved for slaughter and includes a cold storage facility.
Located in a Federal Opportunity Zone.
Commercial grade refrigeration and freezer units are in working condition.
Situated on highly traveled Lancaster Avenue.
Suitable for various wholesale distribution businesses (beer, food, etc.).
Low annual taxes: $2,076.

We can help!

Listing Contact

Ken Richardson

Learn more

For Sale

Contact for pricing

8,000 SF cold storage facility suitable for distribution.

Type:INDUSTRIAL

Property size:

8,000 SF

Lot size:

0.12 Acres

Price / SF:

$125/SF

Added:: Jan 25, 2023
Days on Market:: 1235
Last Refresh:: May 19 at 9:30 pm

Property Features for 4651-4653 Lancaster Ave

General Information

Standard status: Active
Size: 8,000 SF
Lot size: 0.12 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Ken Richardson

Listing agent Ken Richardson License #NJ 1865294

Listing office Vantage Commercial

Listing date Jan 25, 2023

Source Moodyscre

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 Vantage Commercial

HighLights

Approved for slaughter and includes a cold storage facility.
Located in a Federal Opportunity Zone.
Commercial grade refrigeration and freezer units are in working condition.
Situated on highly traveled Lancaster Avenue.
Suitable for various wholesale distribution businesses (beer, food, etc.).
Low annual taxes: $2,076.

Overview

This 8,000 square foot property is approved for slaughter and cold storage. Commercial grade refrigeration and freezer units are in working condition. Situated on highly traveled Lancaster Avenue, the property provides access to Southwest Philadelphia and University City. It is located in the Federal Opportunity Zone. Potential uses include a wholesale beer distributor or wholesale food distribution. The annual taxes are $2,076.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$104.6k	$13.08
− Vacancy	−$8.4k	−$1.05
EGI	$96.3k	$12.03
− OpEx	−$14.4k	−$1.81
NOI	$81.8k	$10.23

8,000 SF · lease $13.08/SF/yr · vacancy 8.00% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$1.17M

$1.02M – $1.36M (±1% cap)

NOI $81,828 @ 7.0% cap · market cap 8.18%

Second Best

Industrial

$839.0K

$734.2K – $978.9K (±1% cap)

NOI $58,733 @ 7.0% cap · market cap 5.87%

Theoretical Best

Multifamily LT 5

$1.95M

$1.71M – $2.28M (±1% cap)

NOI $136,519 @ 7.0% cap · market cap 13.65%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Warehouses

Suggested Use

Similar Places Nearby

Self-Storage at U-Haul — 6141 Lancaster Ave, Philadelphia, PA 19151
Cleaning Force LLC Residential & Commercial Cleaning Packing Moving Philadelphia, PA — 2101 N 63rd St, Philadelphia, PA 19151

Location Insight

Map
Local Demand

City: Philadelphia
County: Delaware
State: Pennsylvania
Longitude: -75.2157
Latitude: 39.9717

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For sale
Warehouses
PA
Philadelphia
4651-4653 Lancaster Ave

What type of property is this?

Warehouse - 8,000 SF cold storage facility suitable for distribution.

Where is this warehouse located?

The property is located at 4651-4653 Lancaster Ave Philadelphia, PA.

What is the asking price?

The asking price for this property is $1,000,000.

What are key features of this property?

This property features: Approved for slaughter and includes a cold storage facility.; Located in a Federal Opportunity Zone.; Commercial grade refrigeration and freezer units are in working condition.

4651-4653 Lancaster Ave, Philadelphia, PA

8,000 SF cold storage facility suitable for distribution.

Property Features for 4651-4653 Lancaster Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Freestanding Single-Story Retail Building

Freestanding Office Building on Corner

Restaurant Opportunity in Philadelphia, PA

Medical Office Building with Parking

Iconic East Falls Cornerstone Building

Industrial Garage-Style Property Package

Mixed-Use Brownstone with Storefront

Prime Philadelphia Retail Opportunity

Mixed-Use Building with Two-Level Layout

Turnkey Three-Story Building with Elevator

Triplex with Central Air Units

Turnkey Triplex with Tax Abatement

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