Lancaster Avenue Cold Storage
For Sale
Contact for pricing
4651-4653 Lancaster Ave, Philadelphia, PA
8,000 SF cold storage facility suitable for distribution.
Property Size8,000 SF
Lot Size0.12 Acres
Price / SF$125
Days on Market1374
Property Features for 4651-4653 Lancaster Ave
General Information
Standard status
Active
Size
8,000 SF
Lot size
0.12 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Site & Location
Neighborhood
West Philadelphia
Properties For Sale
at 4651-4653 Lancaster Ave
4651 Lancaster Ave
AVAILABLE, Now
Floor
Bldg
Size
8,000 SF
Type
INDUSTRIAL
Lease Type
NNN
Sublease
No
- Approved for slaughter, cold storage facility for sale
- Located in the Federal Opportunity Zone
- Commercial grade refrigeration and freezer units are in working condition
- Suitable for a wholesale beer distributor, wholesale food distribution and many more potential uses
- Situated on highly traveled Lancaster Avenue leading to Southwest Philadelphia and University City
Contact us
Listing Agency:
Vantage Commercial
(856) 797-1919
Listed By:
Ken Richardson · License ##1865294
(609) 346-0512
Source:
Moodyscre
Added: Jan 25, 2023
Changed: Oct 26
Last Checked: Oct 28 at 9:16AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,828
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,636,560
$1.6M
Cap Rate 7%
$1,168,971
$1.2M
Cap Rate 9%
$909,200
$909.2K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$104.6K $13.08/SF
− Vacancy
−$8.4K −$1.05/SF
EGI
$96.3K $12.03/SF
− OpEx
−$14.4K −$1.81/SF
NOI
$81.8K $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%
$1,636,560
Cap Rate 7%
$1,168,971
Cap Rate 9%
$909,200
Alternative Uses
Best Use
Warehouse
$1.17M
$1.02M – $1.36M
NOI $81,828 @ 7.0% cap · market cap 8.18%
Second Best
Industrial
$839.0K
$734.2K – $978.9K
NOI $58,733 @ 7.0% cap · market cap 5.87%
Theoretical Best
Multifamily LT 5
$1.95M
$1.71M – $2.28M
NOI $136,519 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,373
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
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?
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.
