Industrial Warehouse Redevelopment
For Sale
$2,199,000
3227-53 & 3255 N 11th Street, Philadelphia, PA 19140
A 1.3-acre Philadelphia warehouse property offers flexible building uses and space for industrial storage and development plans.
Property Size11,700 SF
Lot Size1.30 Acres
Price / SF$187.95
Days on Market184
Property Features for 3227-53 & 3255 N 11th Street
General Information
Standard status
Active
Size
11,700 SF
Lot size
1.30 Acres
Property subtype
Commercial
Additional Details
Opportunity Zone
Yes
Building Details
Year Built
1920
Listing Agency:
EveryHome Realtors
Listed By:
Danielle Mancini
Source:
Deepcreeklake
Added: Jan 28
Changed: Jul 10
Last Checked: Jul 30 at 6:35PM
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 EveryHome Realtors
Investment Insights
Based on property information with market context.
The property is a 1.3-acre parcel improved with an approximately 11,700 SF warehouse building. The offering is positioned as a flexible industrial asset that may support uses including industrial and storage, manufacturing, wholesale, distribution, and material storage yards and buildings. The building and site are also being marketed with redevelopment as a potential direction, with prospective buyers encouraged to confirm applicable options and requirements with the City of Philadelphia.
The site is located in Philadelphia, with remarks noting close proximity to Temple University and Broad & Allegheny Streets. Public remarks also indicate that the location is within Philadelphia opportunity zones and that incentives may be available. Because permitted uses and incentive eligibility can vary by project and zoning, interested parties should verify the details with the appropriate city agencies.
For industrial and logistics operators, manufacturers, or owners exploring a flexible re-use plan, the warehouse configuration and included land area can support a range of storage and distribution-oriented concepts, subject to local approval. For investors and developers, the parcel’s size and stated redevelopment possibility may appeal to those evaluating light industrial redevelopment paths, with the understanding that final permitted uses must be confirmed with the City of Philadelphia.
The site is located in Philadelphia, with remarks noting close proximity to Temple University and Broad & Allegheny Streets. Public remarks also indicate that the location is within Philadelphia opportunity zones and that incentives may be available. Because permitted uses and incentive eligibility can vary by project and zoning, interested parties should verify the details with the appropriate city agencies.
For industrial and logistics operators, manufacturers, or owners exploring a flexible re-use plan, the warehouse configuration and included land area can support a range of storage and distribution-oriented concepts, subject to local approval. For investors and developers, the parcel’s size and stated redevelopment possibility may appeal to those evaluating light industrial redevelopment paths, with the understanding that final permitted uses must be confirmed with the City of Philadelphia.
Key Highlights
- 1.3‑acre parcel in Philadelphia with an 11,700 SF building
- Building offers flexible use options including industrial, storage, manufacturing, wholesale, and distribution (buyer to verify with the City of Philadelphia)
- Property includes space suitable for material storage yards and buildings
Financial Insights For Warehouse
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 | $153.0k | $13.08 |
| − Vacancy | −$12.2k | −$1.05 |
| EGI | $140.8k | $12.03 |
| − OpEx | −$21.1k | −$1.81 |
| NOI | $119.7k | $10.23 |
11,700 SF · lease $13.08/SF/yr · vacancy 8.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.71M
$1.50M – $1.99M
NOI $119,674 @ 7.0% cap · market cap 5.44%
Second Best
Industrial
$1.23M
$1.07M – $1.43M
NOI $85,897 @ 7.0% cap · market cap 3.91%
Theoretical Best
Multifamily LT 5
$2.85M
$2.50M – $3.33M
NOI $199,659 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,724
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
Median Home Value
Market
Vacancy Rate% for Industrial in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - A 1.3-acre Philadelphia warehouse property offers flexible building uses and space for industrial storage and development plans.
Where is this warehouse located?
The property is located at 3227-53 & 3255 N 11th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: 1.3‑acre parcel in Philadelphia with an 11,700 SF building; Building offers flexible use options including industrial, storage, manufacturing, wholesale, and distribution (buyer to verify with the City of Philadelphia); Property includes space suitable for material storage yards and buildings
