Industrial Flex Condo
3475 Collins St Unit 102 Philadelphia, PA 19134
New
3475 Collins St Unit 102, Philadelphia, PA, 19134
$250,000
For Sale
$250,000
Flex/garage industrial condominium in Tioga Docks, zoned I-2 Medium Industrial with by-right uses.
Property Size2,500 SF
Price / SF$100
Days on Market3
Property Features for 3475 Collins St Unit 102
General Information
- Standard status
- Active
- Size
- 2,500 SF
Building Details
- Year Built
- 1900
Listing agency
Coldwell Banker Hearthside Realtors
(215) 379-2002
Listed by
Michael F Barrett · License #AB066990
Source
Kandorre
Added: Jul 20 Updated: Jul 21 at 6:42PM Checked: Jul 22 at 4:51AM
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 Coldwell Banker Hearthside Realtors
Investment Insights
Based on property information with market context.
This industrial flex/garage condominium unit is offered for sale in the Tioga Docks. The property is described as a flex/garage style unit and is suitable for personal use or rental, depending on the buyer’s plans. It is located within an industrial condominium setting.
The unit is in the Port Richmond/Harrowgate area of Philadelphia, with access described as approximately 5 minutes to the I-95 on-ramp exit 25 and the Betsy Ross Bridge.
Zoning is listed as I-2 “Medium Industrial,” providing a wide range of by-right uses. For details on specific permitted uses, buyers should confirm with the City of Philadelphia.
The unit is in the Port Richmond/Harrowgate area of Philadelphia, with access described as approximately 5 minutes to the I-95 on-ramp exit 25 and the Betsy Ross Bridge.
Zoning is listed as I-2 “Medium Industrial,” providing a wide range of by-right uses. For details on specific permitted uses, buyers should confirm with the City of Philadelphia.
Key Highlights
- Flex/garage industrial condominium in the Tioga Docks (Port Richmond/Harrowgate neighborhood)
- Zoned I‑2 “Medium Industrial” with a wide range of by‑right uses
- Approx. 5 minutes to the I‑95 on‑ramp exit 25
Local Financial Insights For Industrial
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 | $28.5k | $11.40 |
| − Vacancy | −$2.3k | −$0.91 |
| EGI | $26.2k | $10.49 |
| − OpEx | −$7.9k | −$3.15 |
| NOI | $18.4k | $7.34 |
2,500 SF · lease $11.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$376.1K
$329.1K – $438.8K
NOI $26,325 @ 7.0% cap · market cap 10.53%
Second Best
Industrial
$262.2K
$229.4K – $305.9K
NOI $18,354 @ 7.0% cap · market cap 7.34%
Theoretical Best
Multifamily LT 5
$609.5K
$533.3K – $711.0K
NOI $42,662 @ 7.0% cap · market cap 17.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Collins Lofts
Apartment Complex
VU World Smart ...
Home Appliance Store
Similar For Sale Nearby
Similar Off Market Nearby
- The Pizza Wagon Catering Company ( Food Truck )
- 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 - Flex/garage industrial condominium in Tioga Docks, zoned I-2 Medium Industrial with by-right uses.
Where is this flex space located?
The property is located at 3475 Collins St Unit 102 Philadelphia, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Flex/garage industrial condominium in the Tioga Docks (Port Richmond/Harrowgate neighborhood); Zoned I‑2 “Medium Industrial” with a wide range of by‑right uses; Approx. 5 minutes to the I‑95 on‑ramp exit 25
