Lancaster Avenue Cold Storage
For Sale
Contact for pricing
4651-4653 Lancaster Ave, Philadelphia, PA
8,000 SF cold storage facility suitable for distribution.
Property Size8,000 SF
Lot Size0.12 Acres
Price / SF$125
Days on Market1282
Property Features for 4651-4653 Lancaster Ave
General Information
Standard status
Active
Size
8,000 SF
Lot size
0.12 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Vantage Commercial
(609) 346-0512
Listed By:
Ken Richardson · License #NJ 1865294
(609) 346-0512
Source:
Moodyscre
Added: Jan 25, 2023
Changed: Jul 10
Last Checked: Jul 21 at 7:02AM
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 Vantage Commercial
Investment Insights
Based on property information with market context.
This 8,000 square foot property is approved for slaughter and cold storage. Commercial grade refrigeration and freezer units are in working condition. Situated on highly traveled Lancaster Avenue, the property provides access to Southwest Philadelphia and University City. It is located in the Federal Opportunity Zone. Potential uses include a wholesale beer distributor or wholesale food distribution. The annual taxes are $2,076.
Key Highlights
- Approved for slaughter and includes a cold storage facility.
- Located in a Federal Opportunity Zone.
- Commercial grade refrigeration and freezer units are in working condition.
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 | $104.6k | $13.08 |
| − Vacancy | −$8.4k | −$1.05 |
| EGI | $96.3k | $12.03 |
| − OpEx | −$14.4k | −$1.81 |
| NOI | $81.8k | $10.23 |
8,000 SF · lease $13.08/SF/yr · vacancy 8.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.17M
$1.02M – $1.36M
NOI $81,828 @ 7.0% cap · market cap 8.18%
Second Best
Industrial
$839.0K
$734.2K – $978.9K
NOI $58,733 @ 7.0% cap · market cap 5.87%
Theoretical Best
Multifamily LT 5
$1.95M
$1.71M – $2.28M
NOI $136,519 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,329
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Store Space Self Storage — 5134 Lancaster Ave, Philadelphia, PA 19131
- Five Three Group
Frequently Asked Questions
What type of property is this?
Warehouse - 8,000 SF cold storage facility suitable for distribution.
Where is this warehouse located?
The property is located at 4651-4653 Lancaster Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Approved for slaughter and includes a cold storage facility.; Located in a Federal Opportunity Zone.; Commercial grade refrigeration and freezer units are in working condition.
