Commercial Land with Storage
2034 W Allegheny Avenue Philadelphia, PA 19132
For Sale
$5,000,000
Commercial land currently used as a storage yard with access from two separate street frontages.
Property Size18,143 SF
Lot Size1.65 Acres
Price / SF$275.59
Days on Market202
Property Features for 2034 W Allegheny Avenue
General Information
- Standard status
- Active
- Size
- 18,143 SF
- Lot size
- 1.65 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1925
Listing Agency:
RE/MAX Affiliates
(215) 681-5714
Listed By:
Stefanie Morris
(215) 681-5714
Source:
Xome
Added: Jan 2
Changed: Jul 22
Last Checked: Jul 23 at 3:46AM
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 RE/MAX Affiliates
Investment Insights
Based on property information with market context.
This offering consists of commercial land currently used as a storage yard. The property provides access from either 2034 W Allegheny Avenue or 2015 Lippincott Street, giving operational flexibility for vehicles and deliveries.
Per the seller, no disclosures will be provided and the property is sold strictly as-is. Buyers should conduct their own due diligence regarding conditions and suitability for their intended use.
Per the seller, no disclosures will be provided and the property is sold strictly as-is. Buyers should conduct their own due diligence regarding conditions and suitability for their intended use.
Key Highlights
- 1.65‑acre commercial land currently used as a storage yard
- Two street‑frontage access points: 2034 W Allegheny Ave and 2015 Lippincott St
- Zoned I1
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 | $237.3k | $13.08 |
| − Vacancy | −$19.0k | −$1.05 |
| EGI | $218.3k | $12.03 |
| − OpEx | −$32.7k | −$1.81 |
| NOI | $185.6k | $10.23 |
18,143 SF · lease $13.08/SF/yr · vacancy 8.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.65M
$2.32M – $3.09M
NOI $185,577 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.42M
$3.87M – $5.16M
NOI $309,608 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Harrison Physical Therapy
Physician
Mr. John Armstrong
Physician
Similar Off Market Nearby
- Devon Self Storage — 1843 W Allegheny Ave, Philadelphia, PA 19132
- FlexBox Mobile Storage — 1800 w indiana ave, philadelphia, pa 19132
- Hyde Park Storage Unit — 1300 w wishart st, philadelphia, pa 19132
- Self-Storage-PRIME — 2633 w hunting park ave, philadelphia, pa 19129
- Lenora's Moving Co — 3201 Fox St, Philadelphia, PA 19129
FAQs
What type of property is this?
Warehouse - Commercial land currently used as a storage yard with access from two separate street frontages.
Where is this warehouse located?
The property is located at 2034 W Allegheny Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 1.65‑acre commercial land currently used as a storage yard; Two street‑frontage access points: 2034 W Allegheny Ave and 2015 Lippincott St; Zoned I1
