Warehouse with Redevelopment
For Sale
Contact for pricing
Pending
717 Callowhill Street, Philadelphia, PA 19123
Warehouse currently used by Grainger Industrial Supplies, with an expiring net lease and marketed mixed-use redevelopment opportunity.
Property SizeContact for details
Days on Market122
Property Features for 717 Callowhill Street
General Information
Standard status
Pending
Property subtype
Industrial, Mixed Use
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Listing Agency:
Graystone Capital Advisors
Listed By:
Lawrence Gariano · License #NJ 0790741
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Aug 7 at 5:27AM
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 Graystone Capital Advisors
Investment Insights
Based on property information with market context.
717 Callowhill Street is a warehouse property currently used by Grainger Industrial Supplies. The offering is presented as a fee simple investment with a net-lease in place, subject to an expiration date of December 31, 2019, and is marketed for redevelopment into a mixed-use project.
The site is located in East Callowhill, positioned just north of Old City and south of Northern Liberties, approximately one mile from the Market-Frankford Line and about one block north of I-676 for access around the city. The area has also benefited from a complete rezoning by the City of Philadelphia intended to transition the narrow strip between Old City and Northern Liberties from its current industrial use toward a more walkable mix of apartment and commercial development.
The property is within a designated Economic Opportunity Zone, as described in the offering materials, which the developer cites as providing a permanent exclusion from taxable income of capital gains from the sale or exchange of an investment in a qualified opportunity zone fund, if the investment is held for at least 10 years.
The site is located in East Callowhill, positioned just north of Old City and south of Northern Liberties, approximately one mile from the Market-Frankford Line and about one block north of I-676 for access around the city. The area has also benefited from a complete rezoning by the City of Philadelphia intended to transition the narrow strip between Old City and Northern Liberties from its current industrial use toward a more walkable mix of apartment and commercial development.
The property is within a designated Economic Opportunity Zone, as described in the offering materials, which the developer cites as providing a permanent exclusion from taxable income of capital gains from the sale or exchange of an investment in a qualified opportunity zone fund, if the investment is held for at least 10 years.
Key Highlights
- Fee simple interest at 717 Callowhill Street, currently used as a warehouse by Grainger Industrial Supplies.
- Net lease expires December 31, 2019, with Grainger Industrial Supply subject to the expiring net‑lease term.
- Location: East Callowhill, just north of Old City and south of Northern Liberties; one block north of I‑676.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
9,571
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
Market
Vacancy Rate% for Industrial in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse currently used by Grainger Industrial Supplies, with an expiring net lease and marketed mixed-use redevelopment opportunity.
Where is this warehouse located?
The property is located at 717 Callowhill Street Philadelphia, PA.
What are key features of this property?
This property features: Fee simple interest at 717 Callowhill Street, currently used as a warehouse by Grainger Industrial Supplies.; Net lease expires December 31, 2019, with Grainger Industrial Supply subject to the expiring net‑lease term.; Location: East Callowhill, just north of Old City and south of Northern Liberties; one block north of I‑676.
