Mixed-Use Building with Roll-Up
1621 N AMERICAN ST, Philadelphia, PA 19122
For Sale
$995,000
ICMX zoning allows for flex, light industrial, creative commercial, mixed-use, and residential development.
Property Size6,700 SF
Price / SF$148.51
Days on Market19
Property Features for 1621 N AMERICAN ST
General Information
Standard status
Size
Zoning
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Road Access
Building Details
Buildings
Stories
Building Size
Construction
Listing Agency:
Keller Williams Main Line
(610) 520-0100
Listed By:
Jon M O'Shea · License #AB069634
(267) 780-3419
Source:
Careyrealtygroup
Added: Oct 20
Changed: Nov 7
Last Checked: Nov 7 at 4:20PM
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 Keller Williams Main Line
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Investment Insights
Based on property information with market context.
This 6,700-SF masonry structure has six roll-up doors and intact exterior walls, but no roof. The open shell is offered as-is, with the existing configuration suited to redevelopment subject to zoning compliance and buyer verification.
The property fronts N. American Street in Philadelphia and is adjacent to the Loading building. Nearby context includes residential construction, breweries, creative studios, and commercial activity.
The property fronts N. American Street in Philadelphia and is adjacent to the Loading building. Nearby context includes residential construction, breweries, creative studios, and commercial activity.
Key Highlights
- 6,700‑SF masonry shell with no roof
- Six roll‑up doors and intact exterior walls
- ICMX zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,596
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,591,920
$1.6M
Cap Rate 7%
$1,137,086
$1.1M
Cap Rate 9%
$884,400
$884.4K
Market Conditions
NOI Build-Up for 6,700 SF
Gross rent
$144.7K $21.60/SF
− Vacancy
−$17.4K −$2.59/SF
EGI
$127.4K $19.01/SF
− OpEx
−$47.8K −$7.13/SF
NOI
$79.6K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,591,920
Cap Rate 7%
$1,137,086
Cap Rate 9%
$884,400
Alternative Uses
Best Use
Mixed Use
$1.14M
$995.0K – $1.33M
NOI $79,596 @ 7.0% cap · market cap 8.00%
Second Best
Flex RnD
$1.01M
$881.9K – $1.18M
NOI $70,551 @ 7.0% cap · market cap 7.09%
Theoretical Best
Multifamily LT 5
$1.63M
$1.43M – $1.91M
NOI $114,335 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,144
Businesses Nearby
Explore this area
Business Placement
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
$341,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Industrial in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - ICMX zoning allows for flex, light industrial, creative commercial, mixed-use, and residential development.
Where is this mixed-use property located?
The property is located at 1621 N AMERICAN ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 6,700‑SF masonry shell with no roof; Six roll‑up doors and intact exterior walls; ICMX zoning
