Flex Space with Walk-In
2231 N 4TH STREET, Philadelphia, PA 19133
For Sale
$305,000
An open work area with floor drains and a roll-up door supports a range of commercial operations.
Property Size923 SF
Price / SF$330.44
Days on Market50
Property Features for 2231 N 4TH STREET
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Warehouse & Industrial
Cold Storage
Cold Storage Area
Cooler
Building Details
Year Built
Construction
Listing Agency:
CG Realty, LLC
(610) 566-5182
Listed By:
Philip Breen · License PA RS354734
(215) 380-4596
Source:
Cummingsrealtors
Added: Sep 24
Changed: Nov 10
Last Checked: Nov 12 at 8:37AM
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 CG Realty, LLC
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Investment Insights
Based on property information with market context.
This Philadelphia flex property has an open industrial layout, high ceilings, masonry construction, and exposed wood ceiling structure. Concrete floors with floor drains and a large roll-up garage door serve the work area. An 8' x 12' walk-in cold box is included in the sale. The building was previously used for brewery production, but brewery equipment is not included unless separately negotiated.
The property is located at 2231 N 4th St in Philadelphia, with access to transportation routes and major neighborhoods. Any future use is subject to applicable zoning and approvals.
The property is located at 2231 N 4th St in Philadelphia, with access to transportation routes and major neighborhoods. Any future use is subject to applicable zoning and approvals.
Key Highlights
- 8' x 12' walk‑in cold box included with the sale
- Open industrial layout with high ceilings and concrete floors
- Floor drains and a large roll‑up garage door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,719
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,380
$194.4K
Cap Rate 7%
$138,843
$138.8K
Cap Rate 9%
$107,989
$108.0K
Market Conditions
NOI Build-Up for 923 SF
Gross rent
$16.6K $18.00/SF
− Vacancy
−$1.7K −$1.80/SF
EGI
$15.0K $16.20/SF
− OpEx
−$5.2K −$5.67/SF
NOI
$9.7K $10.53/SF
Area
Philadelphia, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,380
Cap Rate 7%
$138,843
Cap Rate 9%
$107,989
Alternative Uses
Best Use
Flex RnD
$138.8K
$121.5K – $162.0K
NOI $9,719 @ 7.0% cap · market cap 3.19%
Second Best
Industrial
$96.8K
$84.7K – $112.9K
NOI $6,776 @ 7.0% cap · market cap 2.22%
Theoretical Best
Multifamily LT 5
$225.0K
$196.9K – $262.5K
NOI $15,751 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,369
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Philadelphia, PA
Properties on Market for Flex space in Philadelphia
Vacancy Rate% for Industrial in Philadelphia, PA
Similar Off Market Nearby
- 1st & Fresh Catering — 1626 n american st, philadelphia, pa 19122
- Puerco Loco — 1445 N American St, Philadelphia, PA 19122
- Feast Your Eyes Catering — 1626 N American St, Philadelphia, PA 19122
- Blake Champlain Private Cookery — 1343 E Hewson St, Philadelphia, PA 19125
- Yay puree — 161 Cecil B. Moore Ave, Philadelphia, PA 19122
Frequently Asked Questions
What type of property is this?
Flex space - An open work area with floor drains and a roll-up door supports a range of commercial operations.
Where is this flex space located?
The property is located at 2231 N 4TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 8' x 12' walk‑in cold box included with the sale; Open industrial layout with high ceilings and concrete floors; Floor drains and a large roll‑up garage door
