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3204 Vare Ave Philadelphia, PA 19145

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For Sale
$2,000,000

Two parcels with income in rapidly developing area.

Lot size:
0.55 Acres

Property Features for 3204 Vare Ave

General Information

Standard status
Active
Lot size
0.55 Acres

Building Details

Year built
1950

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Listing Contact
Michael A. A Becker
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.

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Property Insight Report

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

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

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

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.
More about this property
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