Prime Industrial Asset in
927-39 N Delaware Ave Philadelphia, PA 19123
927-39 N Delaware Ave, Philadelphia, PA, 19123
$6,000,000
For Sale
$6,000,000
Rare industrial property in Northern Liberties/Fishtown near waterfront.
Property Size29,800 SF
Price / SF$201.34
Days on Market111
Property Features for 927-39 N Delaware Ave
General Information
- Standard status
- Active
- Size
- 29,800 SF
- Property subtype
- Warehouse
Building Details
- Year Built
- 1930
Listing agency
Marcus & Millichap - Philadelphia
(215) 531-7093
Listed by
Brian Higgins · License #License(s): PA: RS335804
(215) 531-7093
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 1:15PM Checked: Jul 21 at 3:05AM
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 Marcus & Millichap - Philadelphia
Investment Insights
Based on property information with market context.
Located at 927 North Delaware Avenue in Philadelphia, Pennsylvania, this investment property presents a rare opportunity to acquire a prime industrial asset in the core of Northern Liberties/Fishtown. The property is situated directly adjacent to Rivers Casino and the Delaware River waterfront, surrounded by a transformative multifamily corridor. Its location provides convenient access to Interstate 95 and is just minutes from Center City Philadelphia, offering immediate access to employment, dining, and cultural hubs. The property is currently occupied by ROAR Nightclub, generating income while allowing flexibility for redevelopment or adaptive reuse. Given its proximity to riverfront amenities, transit, and residential growth, the site is positioned to capitalize on demographic and urban expansion trends. The property encompasses 29,800 square feet and offers potential for investors to extend the existing tenancy, creating a cash-flowing hold while awaiting a rebound in the multifamily market.
Key Highlights
- Prime industrial asset in the core of Northern Liberties/Fishtown, adjacent to Rivers Casino and the Delaware River waterfront.
- Strong in‑place income from existing tenant (ROAR Nightclub) with flexibility for redevelopment or adaptive reuse.
- Surrounded by a transformative multifamily corridor and minutes from Center City Philadelphia.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $389.8k | $13.08 |
| − Vacancy | −$31.2k | −$1.05 |
| EGI | $358.6k | $12.03 |
| − OpEx | −$53.8k | −$1.81 |
| NOI | $304.8k | $10.23 |
29,800 SF · lease $13.08/SF/yr · vacancy 8.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.35M
$3.81M – $5.08M
NOI $304,811 @ 7.0% cap · market cap 5.08%
Second Best
Industrial
$3.13M
$2.73M – $3.65M
NOI $218,780 @ 7.0% cap · market cap 3.65%
Theoretical Best
Multifamily LT 5
$7.26M
$6.36M – $8.48M
NOI $508,534 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Warehouse - Rare industrial property in Northern Liberties/Fishtown near waterfront.
Where is this warehouse located?
The property is located at 927-39 N Delaware Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Prime industrial asset in the core of Northern Liberties/Fishtown, adjacent to Rivers Casino and the Delaware River waterfront.; Strong in‑place income from existing tenant (ROAR Nightclub) with flexibility for redevelopment or adaptive reuse.; Surrounded by a transformative multifamily corridor and minutes from Center City Philadelphia.
