Frankford/Harrowgate Corner Industrial
3846 Coral Street Philadelphia, PA 19124
3846 Coral Street, Philadelphia, PA, 19124
$1,195,000
For Sale
$1,195,000
Industrial property in Philadelphia's Frankford/Harrowgate area for sale.
Property Size10,814 SF
Price / SF$110.50
Days on Market469
Property Features for 3846 Coral Street
General Information
- Standard status
- Active
- Size
- 10,814 SF
- Property subtype
- IND, IND-FLEX, IND-WHSE
Listing agency
KW Commercial | Media
(267) 273-4561
Listed by
Clinton McCartney
(267) 273-4561
Source
Realnex
Added: Apr 9, 2025 Updated: Jul 6 at 12:08PM Checked: Jul 20 at 6:01AM
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 Commercial | Media
Investment Insights
Based on property information with market context.
Located in the Frankford/Harrowgate area of Philadelphia, this corner industrial property is available for sale. The building, constructed of block and brick, has an approximate area of 10,814 square feet, including over 2,000 square feet on the second floor. The property is currently owner-occupied by an appliance warehouse and will be delivered vacant. It is zoned ICMX, allowing for various approved uses. The building features three roll-up doors of approximate sizes 12'x14', 10'x10', and 4'x8'. It also includes 3-phase electrical service, 16' column spacing, and a 14' clear span to the beam (17' 4" to ceiling). The location benefits from traffic counts of over 14,000 vehicles per day at the nearest intersection. The property is in close proximity to Frankford Ave, Kensington Ave, Erie Ave, Torresdale Ave, and Aramingo Ave.
Key Highlights
- Large Industrial Space: Approximately 10,814 SqFt with additional space on the second floor.
- ICMX Zoning: Offers flexibility with many possible approved uses.
- Vacant Possession: Ready for immediate occupancy.
Local 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 | $123.3k | $11.40 |
| − Vacancy | −$9.9k | −$0.91 |
| EGI | $113.4k | $10.49 |
| − OpEx | −$17.0k | −$1.57 |
| NOI | $96.4k | $8.91 |
10,814 SF · lease $11.40/SF/yr · vacancy 8.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.38M
$1.21M – $1.61M
NOI $96,405 @ 7.0% cap · market cap 8.07%
Second Best
Industrial
$1.13M
$992.4K – $1.32M
NOI $79,392 @ 7.0% cap · market cap 6.64%
Theoretical Best
Specialty Retail
$6.22M
$5.44M – $7.26M
NOI $435,423 @ 7.0% cap · market cap 36.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Safeguard Self Storage — 3300 Frankford Ave, Philadelphia, PA 19134
- Public Storage — 2345 Castor Ave, Philadelphia, PA 19134
- Nearby Storage Units — 3400 aramingo ave, philadelphia, pa 19134
- Dosker Storage Units — 3500 aramingo ave, philadelphia, pa 19134
- Value Storage — 3401 Collins St, Philadelphia, PA 19134
FAQs
What type of property is this?
Warehouse - Industrial property in Philadelphia's Frankford/Harrowgate area for sale.
Where is this warehouse located?
The property is located at 3846 Coral Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Large Industrial Space: Approximately 10,814 SqFt with additional space on the second floor.; ICMX Zoning: Offers flexibility with many possible approved uses.; Vacant Possession: Ready for immediate occupancy.
