Historic Brick Flex
For Sale
Contact for pricing
Pending
40 Spring Garden St Unit B, Philadelphia, PA 19123
Two-story industrial building with open floor plates, office areas, restrooms, and planned creative-use flexibility.
Property Size17,926 SF
Days on Market519
Property Features for 40 Spring Garden St Unit B
General Information
Standard status
Pending
Size
17,926 SF
Property subtype
Industrial
Zoning
CMX-4
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
25 ft
Power
400 amps
Voltage
480 V
Building Details
Year Built
1891
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Scope Investment Real Estate Services
Listed By:
Phil Sharrow · License #PA RSR002048
Source:
Crexi
Added: Apr 7, 2025
Changed: Sep 2
Last Checked: Aug 31 at 12:58PM
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 Scope Investment Real Estate Services
Investment Insights
Based on property information with market context.
The Powerhouse is a 17,926-square-foot flex property in a two-story brick building constructed in 1891 as part of the Philadelphia Warehousing and Cold Storage Company Building Complex. Each level provides nearly 9,000 square feet of open space with restrooms and office areas, while ceiling heights range from 20 to 25 feet. Planning contemplates dining, entertainment, bar, venue, and broader creative uses, subject to applicable approvals. A potential 4,802-square-foot roof deck is also part of the concept.
The property has been prepared for upgraded electrical service, with a PECO transformer and conduit installed. PECO has approved a 400A at 480V service and meter application. Access is available from Spring Garden Street and Noble Street, with ownership willing to include access to a portion of Beach Street. The recorded address is 40 Spring Garden Street, Unit B, Philadelphia, PA 19123, near Columbus Boulevard and Spring Garden Street. Spring Garden Station on the Market Frankford SEPTA line is within walking distance, while Interstate 95 and the Vine Street Expressway provide regional connectivity. The property is zoned CMX-4 and located within the 500 North Columbus Boulevard Condominium HOA.
The property has been prepared for upgraded electrical service, with a PECO transformer and conduit installed. PECO has approved a 400A at 480V service and meter application. Access is available from Spring Garden Street and Noble Street, with ownership willing to include access to a portion of Beach Street. The recorded address is 40 Spring Garden Street, Unit B, Philadelphia, PA 19123, near Columbus Boulevard and Spring Garden Street. Spring Garden Station on the Market Frankford SEPTA line is within walking distance, while Interstate 95 and the Vine Street Expressway provide regional connectivity. The property is zoned CMX-4 and located within the 500 North Columbus Boulevard Condominium HOA.
Key Highlights
- 17,926‑square‑foot flex property in a two‑story brick building constructed in 1891
- Nearly 9,000 square feet on each floor with open layouts, restrooms, and office areas
- Ceiling heights range from 20 to 25 feet
Property Analytics
Property Profile
Current Use
Lease Details
25 ft
Clear height
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,668
Businesses Nearby
Under-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?
Flex space - Two-story industrial building with open floor plates, office areas, restrooms, and planned creative-use flexibility.
Where is this flex space located?
The property is located at 40 Spring Garden St Unit B Philadelphia, PA.
What are key features of this property?
This property features: 17,926‑square‑foot flex property in a two‑story brick building constructed in 1891; Nearly 9,000 square feet on each floor with open layouts, restrooms, and office areas; Ceiling heights range from 20 to 25 feet
