Flex Space with Freight
For Sale
Contact for pricing
3901 MAIN STREET, Philadelphia, PA 19127
Converted mill space offers secure storage, abundant daylight, and direct freight-elevator access.
Property Size3,000 SF
Price / SF$0.83
Days on Market60
Property Features for 3901 MAIN STREET
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Amenities
Freight elevator with direct unit access
Large windows providing natural light
Building Details
Year Built
1900
Year Renovated
2005
Tenancy
Multi
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Dennis J Carlisle · License #RS330429
(215) 805-8620
Source:
Cummingsrealtors
Added: Aug 21
Changed: Oct 16
Last Checked: Oct 16 at 9:01AM
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 Mallin Panchelli Nadel Realty Inc
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Investment Insights
Based on property information with market context.
Suite B 400 provides 3,000 SF of secure storage warehouse and flex space within the Perseverance Mills property. The historic mill was built in 1900 and converted to office and flex use in 2005, creating a distinctive setting for a range of commercial occupants. Large windows bring natural light into the suite, while 15-foot ceilings add useful vertical volume.
A freight elevator connects directly to the unit, supporting efficient movement of goods and equipment. The property is located on Main Street in Philadelphia’s Manayunk area, offering a character-rich commercial environment for warehouse, storage, or flexible workspace needs.
A freight elevator connects directly to the unit, supporting efficient movement of goods and equipment. The property is located on Main Street in Philadelphia’s Manayunk area, offering a character-rich commercial environment for warehouse, storage, or flexible workspace needs.
Key Highlights
- 3,000 SF secure storage warehouse/flex space
- Freight elevator provides direct access to the unit
- 15' ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,025
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,500
$440.5K
Cap Rate 7%
$314,643
$314.6K
Cap Rate 9%
$244,722
$244.7K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$34.2K $11.40/SF
− Vacancy
−$2.7K −$0.91/SF
EGI
$31.5K $10.49/SF
− OpEx
−$9.4K −$3.15/SF
NOI
$22.0K $7.34/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,500
Cap Rate 7%
$314,643
Cap Rate 9%
$244,722
Alternative Uses
Best Use
Flex RnD
$451.3K
$394.9K – $526.5K
NOI $31,590 @ 7.0% cap · market cap 1,263.60%
Second Best
Warehouse
$438.4K
$383.6K – $511.4K
NOI $30,686 @ 7.0% cap · market cap 1,227.44%
Theoretical Best
Multifamily LT 5
$731.4K
$639.9K – $853.3K
NOI $51,195 @ 7.0% cap · market cap 2,047.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,538
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19127, PA
6,929
Population
3,496
Households
2
Avg Household Size
29
Median Age
77%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
11,548
Density / Sq Mi
$99,792
Median Household Income
$73,061
Median Earnings
$1,765
Median Rent
$298,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Flex space - Converted mill space offers secure storage, abundant daylight, and direct freight-elevator access.
Where is this flex space located?
The property is located at 3901 MAIN STREET Philadelphia, PA.
What are key features of this property?
This property features: 3,000 SF secure storage warehouse/flex space; Freight elevator provides direct access to the unit; 15' ceilings
