Warehouse with Two Drive-In
For Sale
Contact for pricing
5623 Lancaster Ave, Philadelphia, PA 19131
Industrial warehouse on 0.39 acres with two drive-in doors and about 143 feet of frontage on Lancaster Avenue.
Property Size3,200 SF
Lot Size0.39 Acres
Price / SF$217.19
Days on Market1302
Property Features for 5623 Lancaster Ave
General Information
Standard status
Active
Size
3,200 SF
Lot size
0.39 Acres
Property subtype
INDUSTRIAL
Zoning
icmx
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
2
Building Details
Building Size
3,200 SF
Listing Agency:
Binswanger - Corporate
(856) 630-0774
Listed By:
Jason Ostach · License #1755115
(856) 630-0774
Source:
Moodyscre
Added: Jan 5, 2023
Changed: Jul 30
Last Checked: Jul 30 at 9:10AM
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 Binswanger - Corporate
Investment Insights
Based on property information with market context.
Industrial warehouse totaling 3,200 SF sits on 0.39 acres and includes two drive-in doors. Door sizes are 10’ x 12’ and 14’ x 13’, supporting straightforward receiving and tenant operations. The property is zoned ICMX (industrial commercial mixed-use) in the City of Philadelphia.
The building benefits from approximately 143’ of prime frontage on highly traveled Lancaster Avenue. It is located about 2 miles to the I-76 ramp, providing access to Center City Philadelphia and bridges to New Jersey.
This is a compact warehouse property configured for practical industrial use within an industrial commercial mixed-use zoning setting, with direct drive-in door access and meaningful street frontage for visibility and convenience.
The building benefits from approximately 143’ of prime frontage on highly traveled Lancaster Avenue. It is located about 2 miles to the I-76 ramp, providing access to Center City Philadelphia and bridges to New Jersey.
This is a compact warehouse property configured for practical industrial use within an industrial commercial mixed-use zoning setting, with direct drive-in door access and meaningful street frontage for visibility and convenience.
Key Highlights
- 3,200 SF warehouse on 0.39 acres
- Two drive‑in doors: 10’ x 12’ and 14’ x 13’
- ICMX zoning (industrial commercial mixed‑use) – City of Philadelphia
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 | $41.9k | $13.08 |
| − Vacancy | −$3.3k | −$1.05 |
| EGI | $38.5k | $12.03 |
| − OpEx | −$5.8k | −$1.81 |
| NOI | $32.7k | $10.23 |
3,200 SF · lease $13.08/SF/yr · vacancy 8.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$467.6K
$409.1K – $545.5K
NOI $32,731 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$780.1K
$682.6K – $910.1K
NOI $54,608 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,159
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
Median Home Value
Market
Vacancy Rate% for Industrial in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse on 0.39 acres with two drive-in doors and about 143 feet of frontage on Lancaster Avenue.
Where is this warehouse located?
The property is located at 5623 Lancaster Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 3,200 SF warehouse on 0.39 acres; Two drive‑in doors: 10’ x 12’ and 14’ x 13’; ICMX zoning (industrial commercial mixed‑use) – City of Philadelphia
