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1500-1514 North 5th Street, Philadelphia, PA 19122

35,428 SF building in Ole Kensington/Ludlow neighborhood.

Property Size35,428 SF
Days on Market252

Property Features for 1500-1514 North 5th Street

General Information

Standard status Active
Size 35,428 SF
Property subtype Redevelopment

Building Details

Year Built 1950
Listing Agency: NAI Mertz | Bucks County
Listed By: Jeffrey Licht, SIOR · License #1757544
Source: Naiglobal
Added: Nov 21, 2025 Changed: Jul 6 Last Checked: Jul 31 at 3:49AM

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 NAI Mertz | Bucks County

Investment Insights

Based on property information with market context.

This 35,428 square foot building is situated on a 0.68 acre lot in the Ole Kensington/Ludlow neighborhoods of Philadelphia. The property, built in 1950, features 1.5 floors and is located on a corner lot along 5th Street. It is zoned ICMX (Industrial Commercial Mixed-Use). The building offers ceiling heights ranging from 13.75 to 15.5 feet clear, and 16 to 17.5 feet to the deck. Loading is facilitated by one interior tailgate, two drive-in doors, and an interior loading platform. The property is equipped with 400 amp, 3-phase, 4-wire 240/120 power and a dry sprinkler system. Located in a residential neighborhood with recent redevelopments, the property is directly across the street from Cruz Recreation center & park, which includes a pool, playground, baseball field, and basketball courts. The property is approximately 1.5 miles from I-95 and 2 miles from the Benjamin Franklin Bridge. The annual taxes are $12,052.

Key Highlights

  • Large 35,428 SF building suitable for industrial or commercial mixed‑use.
  • Desirable location in the Ole Kensington/Ludlow neighborhoods with ongoing redevelopment.
  • Convenient access to major transportation routes.

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick Law Firm Real Estate Agency Nursing Home Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,067
Businesses Nearby
Under-served
Demand for This Use

Demographics for 19122, PA

26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value

Market

Lease Benchmarks for Philadelphia, PA

$11.71 /SF/Yr
Avg Asking Price
$2.68–$19.35 /SF/Yr
Price Range
29,904 SF
Avg Space Size

Vacancy Rate% for Industrial in Philadelphia, PA

4.3% 2019
2.3% 2020
1.6% 2021
2.3% 2022
8.4% 2023
9.1% 2024
11.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Warehouse - 35,428 SF building in Ole Kensington/Ludlow neighborhood.
Where is this warehouse located?
The property is located at 1500-1514 North 5th Street Philadelphia, PA.
What are key features of this property?
This property features: Large 35,428 SF building suitable for industrial or commercial mixed‑use.; Desirable location in the Ole Kensington/Ludlow neighborhoods with ongoing redevelopment.; Convenient access to major transportation routes.
More about this property
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