Truck Terminal with Secure
For Sale
$1,390,000
3967-71 Parrish Street, Philadelphia, PA 19104
The property includes truck parking, a mechanical room, and second-floor office and staff lounge space.
Property Size3,988 SF
Price / SF$348.55
Days on Market11
Property Features for 3967-71 Parrish Street
General Information
Standard status
Active
Size
3,988 SF
Zoning
CMX1
Site & Location
Neighborhood
Haverford North
Additional Details
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$1,395
Amenities
Natural Gas
Yes
No
Equipment ( 5 oil delivery truck ) & goodwill for Oil delivery business
Public
SC
55.00 x 73.00
0.09
Assessor
Parking Lot
3
0.00
99700.00
7
Building Details
Year Built
1925
Listing Agency:
PK PROPERTY INC.
(215) 635-5100
Listed By:
Peter Han · License #RM422904
(215) 668-1666
Source:
Knot6
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 12:42PM
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 PK PROPERTY INC.
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Investment Insights
Based on property information with market context.
The 3,988-square-foot truck terminal at 3967-71 Parrish Street includes a secure steel entrance gate, parking for five oil delivery trucks, and a dedicated mechanical room. The second floor offers office and staff lounge space. The building dates to 1925 and is zoned CMX1. Natural gas is listed among the interior features.
An oil delivery business operating from the property serves construction companies and private residences. Its fleet consists of five delivery trucks, and the operation has been in business for more than 40 years. The site is near downtown Philadelphia.
An oil delivery business operating from the property serves construction companies and private residences. Its fleet consists of five delivery trucks, and the operation has been in business for more than 40 years. The site is near downtown Philadelphia.
Key Highlights
- 3,988‑square‑foot truck terminal
- Secure steel gate at the entrance
- Parking area accommodates five oil delivery trucks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,791
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,820
$815.8K
Cap Rate 7%
$582,729
$582.7K
Cap Rate 9%
$453,233
$453.2K
Market Conditions
NOI Build-Up for 3,988 SF
Gross rent
$52.2K $13.08/SF
− Vacancy
−$4.2K −$1.05/SF
EGI
$48.0K $12.03/SF
− OpEx
−$7.2K −$1.81/SF
NOI
$40.8K $10.23/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,820
Cap Rate 7%
$582,729
Cap Rate 9%
$453,233
Alternative Uses
Best Use
Warehouse
$582.7K
$509.9K – $679.9K
NOI $40,791 @ 7.0% cap · market cap 2.93%
Second Best
Industrial
$418.3K
$366.0K – $488.0K
NOI $29,278 @ 7.0% cap · market cap 2.11%
Theoretical Best
Multifamily LT 5
$972.2K
$850.7K – $1.13M
NOI $68,055 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,221
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
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
Frequently Asked Questions
What type of property is this?
Truck terminal - The property includes truck parking, a mechanical room, and second-floor office and staff lounge space.
Where is this truck terminal located?
The property is located at 3967-71 Parrish Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: 3,988‑square‑foot truck terminal; Secure steel gate at the entrance; Parking area accommodates five oil delivery trucks
