Flex Space Workshop Garage with High
New
For Sale
$375,000
2757 PICKWICK STREET, Philadelphia, PA 19134
Workshop/garage flex space with high ceilings, zoned industrial, built in 1935 near I-95 and major transit hubs.
Days on Market3
Property Features for 2757 PICKWICK STREET
General Information
Standard status
Active
Property subtype
Industrial
Zoning
Industrial
Additional Details
Highway Access
Yes
Building Details
Building Size
2,112 SF
Year Built
1935
Listing Agency:
Realty Mark Associates
(267) 689-7355
Listed By:
Tahzib Bacchus · License #RS330208
(267) 689-7355
Source:
Lizclarkrealestate
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 30 at 3:31AM
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 Realty Mark Associates
Investment Insights
Based on property information with market context.
This flex space workshop/garage offers high ceilings and is zoned industrial. Built in 1935, the property is positioned for industrial-oriented use with the vertical space many operators look for in a workshop or garage environment.
The property is located near I-95, Castor Ave, and major transit hubs, supporting access for employees, deliveries, and customers depending on the intended use.
It is being offered alongside 3654 Richmond St (MLS# PAPH2552490) and 3656 Richmond St (MLS# PAPH2552496), with all three available for sale and capable of being purchased together.
The property is located near I-95, Castor Ave, and major transit hubs, supporting access for employees, deliveries, and customers depending on the intended use.
It is being offered alongside 3654 Richmond St (MLS# PAPH2552490) and 3656 Richmond St (MLS# PAPH2552496), with all three available for sale and capable of being purchased together.
Key Highlights
- Workshop/garage flex space with high ceilings
- Zoned industrial
- Built in 1935
Financial Insights For Flex RnD
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 | $38.0k | $18.00 |
| − Vacancy | −$3.8k | −$1.80 |
| EGI | $34.2k | $16.20 |
| − OpEx | −$12.0k | −$5.67 |
| NOI | $22.2k | $10.53 |
2,112 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$317.7K
$278.0K – $370.7K
NOI $22,239 @ 7.0% cap · market cap 5.93%
Second Best
Industrial
$221.5K
$193.8K – $258.4K
NOI $15,505 @ 7.0% cap · market cap 4.13%
Theoretical Best
Multifamily LT 5
$514.9K
$450.5K – $600.7K
NOI $36,041 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
Market
Vacancy Rate% for Industrial in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Workshop/garage flex space with high ceilings, zoned industrial, built in 1935 near I-95 and major transit hubs.
Where is this flex space located?
The property is located at 2757 PICKWICK STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Workshop/garage flex space with high ceilings; Zoned industrial; Built in 1935
