Bellwether District Warehouse
For Sale
$2,000,000
3204 VARE AVENUE, Philadelphia, PA 19145
Two parcels with income in rapidly developing area.
Property Size4,800 SF
Lot Size0.55 Acres
Price / SF$416.67
Days on Market605
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
Listing Agency:
KW Empower
(610) 888-3035
Listed By:
Michael A. A Becker · License #RS285527
(610) 888-3035
Source:
Exitrealty
Added: Dec 3, 2024
Changed: Jul 6
Last Checked: Jul 30 at 5:46PM
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
Investment Insights
Based on property information with market context.
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 4,800± 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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
Market
Vacancy Rate% for Industrial in Philadelphia, PA
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Frequently Asked Questions
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.
