Bi-Level Warehouse with 18-Foot
2124 E Arizona St, Philadelphia, PA 19125
For Sale
$1,350,000
Package includes a warehouse, two additional lots, ICMX zoning, and access to the Market–Frankford Line.
Property Size5,667 SF
Price / SF$241.07
Days on Market96
Property Features for 2124 E Arizona St
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Road Access
Warehouse & Industrial
Clear Height
Warehouse Space
Additional Details
Gross Income
Building Details
Year Built
Buildings
Stories
Building Size
Tenancy
Abandoned
Listing Agency:
KW Empower
Listed By:
Michael A. Becker · License PA RS285527
(610) 888-3035
Source:
Kandorre
Added: Aug 9
Changed: Oct 25
Last Checked: Oct 7 at 2:23PM
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 KW Empower
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Investment Insights
Based on property information with market context.
This offering combines three contiguous parcels with a bi-level warehouse and two additional lots. The warehouse includes an 18-foot ceiling and a 14 ft x 26 ft garage door. Two parcels extend from street to street, creating multiple access conditions across the package. The property is zoned ICMX for commercial and mixed-use applications.
The warehouse is currently occupied by two tenants, with one tenancy scheduled to end in July and the other operating on a month-to-month lease. Built in 1875, the property is located just off Frankford Avenue and steps from the Market–Frankford Line. Nearby destinations include Shake Shack, La Colombe, City Fitness, Wm. Mulherin’s, and Palmer Park.
The warehouse is currently occupied by two tenants, with one tenancy scheduled to end in July and the other operating on a month-to-month lease. Built in 1875, the property is located just off Frankford Avenue and steps from the Market–Frankford Line. Nearby destinations include Shake Shack, La Colombe, City Fitness, Wm. Mulherin’s, and Palmer Park.
Key Highlights
- Three contiguous parcels sold together as one package
- Bi‑level warehouse with an 18‑foot ceiling
- 14 ft x 26 ft garage door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,280
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,145,600
$1.1M
Cap Rate 7%
$818,286
$818.3K
Cap Rate 9%
$636,444
$636.4K
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$73.2K $13.08/SF
− Vacancy
−$5.9K −$1.05/SF
EGI
$67.4K $12.03/SF
− OpEx
−$10.1K −$1.81/SF
NOI
$57.3K $10.23/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,145,600
Cap Rate 7%
$818,286
Cap Rate 9%
$636,444
Alternative Uses
Best Use
Warehouse
$818.3K
$716.0K – $954.7K
NOI $57,280 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.37M
$1.19M – $1.59M
NOI $95,563 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,772
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Philadelphia, PA
Properties on Market for Warehouses in Philadelphia
Vacancy Rate% for Industrial in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Warehouse - Package includes a warehouse, two additional lots, ICMX zoning, and access to the Market–Frankford Line.
Where is this warehouse located?
The property is located at 2124 E Arizona St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Three contiguous parcels sold together as one package; Bi‑level warehouse with an 18‑foot ceiling; 14 ft x 26 ft garage door
