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Bellwether District Warehouse Opportunity

3204 VARE AVENUE, Philadelphia, PA 19145

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For Sale

$2,000,000

Two parcels with income in rapidly developing area.

Type:Commercial/Industrial

Property size:

4,800 SF

Lot size:

0.55 Acres

Price / SF:

$416/SF

HighLights

Located in the rapidly developing Bellwether District, a high‑growth area of Philadelphia.
Generates substantial built‑in income from existing warehouse lease ($4,500/month) and V‑sign lease ($2,041.67/month).
V‑sign lease includes an additional $9,800 annual payment toward real estate taxes.
Significant potential to increase V‑sign income by converting to digital, potentially doubling rent and value.
Includes two street‑to‑street parcels totaling 0.55 acres.
Warehouse features a kitchen area and three overhead doors.

We can help!

Listing Contact

Michael A. A Becker

For Sale

$2,000,000

Two parcels with income in rapidly developing area.

Type:Commercial/Industrial

Property size:

4,800 SF

Lot size:

0.55 Acres

Price / SF:

$416/SF

Added:: Dec 3, 2024
Days on Market:: 558
Last Refresh:: May 20 at 2:31 am

Property Features for 3204 VARE AVENUE

General Information

Standard status: Active
Size: 4,800 SF
Lot size: 0.55 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1950

We can help!

Listing Contact

Michael A. A Becker

Listing agent Michael A. A Becker License #RS285527

Listing office KW Empower

Listing date Dec 3, 2024

Source Exitrealty

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

HighLights

Located in the rapidly developing Bellwether District, a high‑growth area of Philadelphia.
Generates substantial built‑in income from existing warehouse lease ($4,500/month) and V‑sign lease ($2,041.67/month).
V‑sign lease includes an additional $9,800 annual payment toward real estate taxes.
Significant potential to increase V‑sign income by converting to digital, potentially doubling rent and value.
Includes two street‑to‑street parcels totaling 0.55 acres.
Warehouse features a kitchen area and three overhead doors.

Overview

Located in the Bellwether District, this investment opportunity includes two street-to-street parcels totaling 0.55 acres. Construction has started in the area. A 4,800Â± sq ft warehouse is currently leased on a yearly basis for $4,500/month. The warehouse includes a kitchen area and three overhead doors. A V-sign on the property generates $2,041.67/month with four years left on the lease. The sign company pays an additional $9,800 annually toward real estate taxes. There is potential to go digital, which could double both the rent and the value. Situated along one of Philadelphia’s highest traffic corridors near I-676, this property is surrounded by major growth. Nearby sales confirm the price. The property is a cash-flowing asset in one of the city’s most rapidly developing areas.

Property Profile Location Intelligence

Current Use by Public Records

Warehouses

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Location Insight

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Local Demand

City: Philadelphia
County: Delaware
State: Pennsylvania
Longitude: -75.1987
Latitude: 39.9299

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For sale
Warehouses
PA
Philadelphia
19145
3204 VARE AVENUE

What type of property is this?

Warehouse - Two parcels with income in rapidly developing area.

Where is this warehouse located?

The property is located at 3204 VARE AVENUE Philadelphia, PA.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: Located in the rapidly developing Bellwether District, a high‑growth area of Philadelphia.; Generates substantial built‑in income from existing warehouse lease ($4,500/month) and V‑sign lease ($2,041.67/month).; V‑sign lease includes an additional $9,800 annual payment toward real estate taxes.