Adaptive Reuse Warehouse to
4720 STENTON AVENUE 30 Philadelphia, PA 19144
4720 STENTON AVENUE 30, Philadelphia, PA, 19144
$3,200,000
For Sale
$3,200,000
Circa 1920 warehouse on 0.33 acres with approvals in process for 48 apartments and ground-floor commercial space.
Property Size16,000 SF
Lot Size0.33 Acres
Price / SF$200
Days on Market97
Property Features for 4720 STENTON AVENUE 30
General Information
- Standard status
- Active
- Size
- 16,000 SF
- Lot size
- 0.33 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1920
Listing agency
Coldwell Banker Hearthside Realtors
(215) 681-4742
Listed by
Mark F Orehowsky · License #RS275155
Source
Kingswayrealty
Added: Apr 16 Updated: Jul 21 at 12:42AM Checked: Jul 21 at 3:00AM
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 adaptive reuse opportunity features an approximately 16,000 SF industrial/warehouse building dating to circa 1920, situated on about 0.33 acres. The redevelopment concept, with zoning approvals in process, envisions a 48-unit multifamily community that includes ground-floor commercial space. The proposed residential mix includes studio, one-bedroom, and two-bedroom layouts, supported by off-street parking, elevator access, and a roof deck amenity.
The site is positioned in the Wayne Junction / Germantown Avenue corridor within the broader Wayne Junction district. The offering highlights proximity to regional rail and SEPTA transit lines, along with access to major thoroughfares.
As presented, the project scope is designed to repurpose an existing warehouse asset into transit-oriented housing with street-level commercial space, supported by an approvals-in-process pathway for execution.
The site is positioned in the Wayne Junction / Germantown Avenue corridor within the broader Wayne Junction district. The offering highlights proximity to regional rail and SEPTA transit lines, along with access to major thoroughfares.
As presented, the project scope is designed to repurpose an existing warehouse asset into transit-oriented housing with street-level commercial space, supported by an approvals-in-process pathway for execution.
Key Highlights
- Circa 1920 industrial/warehouse building with 16,000 SF on approximately 0.33 acres
- Zoning approvals in process for redevelopment into a 48‑unit multifamily project
- Proposed mix includes studio, one‑bedroom, and two‑bedroom apartments
Local Financial Insights For Apartment 5plus
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 | $485.8k | $30.36 |
| − Vacancy | −$28.2k | −$1.76 |
| EGI | $457.6k | $28.60 |
| − OpEx | −$205.9k | −$12.87 |
| NOI | $251.7k | $15.73 |
16,000 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.60M
$3.15M – $4.19M
NOI $251,672 @ 7.0% cap · market cap 7.86%
Second Best
Retail
$2.58M
$2.26M – $3.01M
NOI $180,835 @ 7.0% cap · market cap 5.65%
Theoretical Best
Multifamily LT 5
$3.90M
$3.41M – $4.55M
NOI $273,038 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Circa 1920 warehouse on 0.33 acres with approvals in process for 48 apartments and ground-floor commercial space.
Where is this apartment building located?
The property is located at 4720 STENTON AVENUE 30 Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Circa 1920 industrial/warehouse building with 16,000 SF on approximately 0.33 acres; Zoning approvals in process for redevelopment into a 48‑unit multifamily project; Proposed mix includes studio, one‑bedroom, and two‑bedroom apartments
