Commercial Land with Storage
New
For Sale
$2,500,000
2034 W ALLEGHENY AVENUE, Philadelphia, PA 19132
The property is currently used as a storage yard and offered strictly as-is.
Days on Market4
Property Features for 2034 W ALLEGHENY AVENUE
General Information
Standard status
Active
Property subtype
MixedUse
Building Details
Building Size
18,143 SF
Year Built
1925
Listing Agency:
RE/MAX Select Group
(215) 681-5714
Listed By:
Stefanie L Morris
(215) 681-5714
Source:
Lizclarkrealestate
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 12:56PM
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 Select Group
Investment Insights
Based on property information with market context.
The 1.65-acre commercial land parcel is currently used as a storage yard and is offered strictly as-is. Access is available from 2034 W Allegheny Avenue or 2015 Lippincott Street in Philadelphia, Pennsylvania. Buyer to conduct their own due diligence.
Key Highlights
- 1.65‑acre commercial land parcel
- Currently used as a storage yard
- Access from 2034 W Allegheny Avenue
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 7.42%
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 12.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,873
Businesses Nearby
Explore this area
Business Placement
Demographics for 19132, PA
33,926
Population
17,402
Households
1.9
Avg Household Size
37
Median Age
13%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
15,421
Density / Sq Mi
$30,974
Median Household Income
$30,300
Median Earnings
$1,055
Median Rent
$73,000
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.
Frequently Asked Questions
What type of property is this?
Commercial land - The property is currently used as a storage yard and offered strictly as-is.
Where is this commercial land located?
The property is located at 2034 W ALLEGHENY AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 1.65‑acre commercial land parcel; Currently used as a storage yard; Access from 2034 W Allegheny Avenue
