Street-to-Street Industrial Flex
For Sale
$395,000
3110 MEMPHIS STREET, Philadelphia, PA 19134
Industrial flex building with drive-through access and large overhead doors on both ends for flexible loading and layouts.
Property Size3,636 SF
Lot Size0.08 Acres
Price / SF$108.64
Days on Market141
Property Features for 3110 MEMPHIS STREET
General Information
Standard status
Active
Size
3,636 SF
Lot size
0.08 Acres
Property subtype
Industrial
Additional Details
Road Access
Yes
Drive-In Doors
2
Taxes and HOA fees
Annual Taxes
$2,544
Building Details
Building Size
3,636 SF
Year Built
1940
Listing Agency:
JG Real Estate LLC
Listed By:
Marie Collins · License #RS323515
(267) 266-3721
Source:
Lizclarkrealestate
Added: Jun 4
Changed: Oct 21
Last Checked: Oct 21 at 4:15AM
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 JG Real Estate LLC
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Investment Insights
Based on property information with market context.
Rare street-to-street industrial flex building offering warehouse/garage space with large overhead garage doors on both ends for convenient drive-through access. The property extends from Memphis Street to Agate Street and sits on a 36’ x 101’ lot. Overhead door sizes include 16' wide x 9'6" high on the Memphis side and 12'6" wide x 9'10" on the Agate side.
Inside, the current layout includes one private office, three bathrooms, a kitchenette, and a finished lounge/relaxation area with a full bathroom and shower. A non-structural partition wall divides the warehouse into two sections and can be removed or reconfigured to fit different operational needs.
The configuration supports a range of industrial and commercial uses, including contractors’ storage, fabrication, light manufacturing, makers/artists, automotive-related businesses, and warehousing or distribution.
Inside, the current layout includes one private office, three bathrooms, a kitchenette, and a finished lounge/relaxation area with a full bathroom and shower. A non-structural partition wall divides the warehouse into two sections and can be removed or reconfigured to fit different operational needs.
The configuration supports a range of industrial and commercial uses, including contractors’ storage, fabrication, light manufacturing, makers/artists, automotive-related businesses, and warehousing or distribution.
Key Highlights
- Approx. 3,636 SF industrial/flex building on a 36’ x 101’ lot in Port Richmond
- Street‑to‑street layout extends from Memphis Street to Agate Street with drive‑through loading
- Large overhead garage doors on both ends: Memphis 16' wide x 9'6" high; Agate 12'6" wide x 9'10" high
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,694
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,880
$533.9K
Cap Rate 7%
$381,343
$381.3K
Cap Rate 9%
$296,600
$296.6K
Market Conditions
NOI Build-Up for 3,636 SF
Gross rent
$41.5K $11.40/SF
− Vacancy
−$3.3K −$0.91/SF
EGI
$38.1K $10.49/SF
− OpEx
−$11.4K −$3.15/SF
NOI
$26.7K $7.34/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,880
Cap Rate 7%
$381,343
Cap Rate 9%
$296,600
Alternative Uses
Best Use
Flex RnD
$547.0K
$478.6K – $638.1K
NOI $38,287 @ 7.0% cap · market cap 9.69%
Second Best
Warehouse
$531.3K
$464.9K – $619.9K
NOI $37,191 @ 7.0% cap · market cap 9.42%
Theoretical Best
Multifamily LT 5
$886.4K
$775.6K – $1.03M
NOI $62,048 @ 7.0% cap · market cap 15.71%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,351
Businesses Nearby
Under-served
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Philadelphia, PA
Similar Off Market Nearby
- Fresh Food Services/Home — 2625 e tioga st, philadelphia, pa 19134
- Creative Foods and Catering Co. — 1940 E Allegheny Ave g01, Philadelphia, PA 19134
- A Touch Of Class Catering — 827 e westmoreland st, philadelphia, pa 19134
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex building with drive-through access and large overhead doors on both ends for flexible loading and layouts.
Where is this flex space located?
The property is located at 3110 MEMPHIS STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Approx. 3,636 SF industrial/flex building on a 36’ x 101’ lot in Port Richmond; Street‑to‑street layout extends from Memphis Street to Agate Street with drive‑through loading; Large overhead garage doors on both ends: Memphis 16' wide x 9'6" high; Agate 12'6" wide x 9'10" high
