Street-to-Street Industrial Flex
3110 Memphis St Philadelphia, PA 19134
3110 Memphis St, Philadelphia, PA, 19134
$425,000
For Sale
$425,000
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$116.89
Days on Market49
Property Features for 3110 Memphis St
General Information
- Standard status
- Active
- Size
- 3,636 SF
- Lot size
- 0.08 Acres
Listing agency
JG Real Estate LLC
(267) 266-3721
Listed by
Marie M Collins · License #RS323515
(267) 266-3721
Source
Exprealty
Added: Jun 5 Updated: Jul 21 at 11:38PM Checked: Jul 22 at 8:52AM
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
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
Local 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 | $65.4k | $18.00 |
| − Vacancy | −$6.5k | −$1.80 |
| EGI | $58.9k | $16.20 |
| − OpEx | −$20.6k | −$5.67 |
| NOI | $38.3k | $10.53 |
3,636 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$547.0K
$478.6K – $638.1K
NOI $38,287 @ 7.0% cap · market cap 9.01%
Second Best
Warehouse
$531.3K
$464.9K – $619.9K
NOI $37,191 @ 7.0% cap · market cap 8.75%
Theoretical Best
Multifamily LT 5
$886.4K
$775.6K – $1.03M
NOI $62,048 @ 7.0% cap · market cap 14.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- A Touch Of Class Catering — 827 e westmoreland st, philadelphia, pa 19134
- Fresh Food Services/Home — 2625 e tioga st, philadelphia, pa 19134
- Creative Foods and Catering Co. — 1940 E Allegheny Ave g01, Philadelphia, PA 19134
FAQs
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 St Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
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
