3204 Vare Ave Philadelphia, PA 19145
Property Features for 3204 Vare Ave
General Information
- Standard status
- Active
- Lot size
- 0.55 Acres
Building Details
- Year built
- 1950
Source:
Exitrealty
Listing Agency: KW Empower Listing Agent: Michael A. A Becker
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Bellwether District Warehouse Opportunity
Located in the Bellwether District, this investment opportunity includes two street-to-street parcels totaling 0.55 acres. Construction has started in the area. A 4,800± sq ft warehouse is currently leased on a yearly basis for $4,500/month. The warehouse includes a kitchen area and three overhead doors. A V-sign on the property generates $2,041.67/month with four years left on the lease. The sign company pays an additional $9,800 annually toward real estate taxes. There is potential to go digital, which could double both the rent and the value. Situated along one of Philadelphia’s highest traffic corridors near I-676, this property is surrounded by major growth. Nearby sales confirm the price. The property is a cash-flowing asset in one of the city’s most rapidly developing areas.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Warehouses
Similar Places Nearby
RV Parking & Campus Park and Ride, Four Seasons Self Storage Unit, SecureSpace Self Storage Philadelphia Grays Ferry, South Philly Towing
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1986617
- Latitude
- 39.929938
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - Two parcels with income in rapidly developing area.
Where is this warehouse located?
The property is located at 3204 Vare Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: - Located in the rapidly developing Bellwether District, a high-growth area of Philadelphia.; - Generates substantial built-in income from existing warehouse lease ($4,500/month) and V-sign lease ($2,041.67/month).; - V-sign lease includes an additional $9,800 annual payment toward real estate taxes.
