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    West Philadelphia Warehouse with Drive-Ins Title is generated by Realmo AI

    5300 Lansdowne Ave, Philadelphia, PA

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    6,681 SF warehouse with four drive-ins on Lansdowne Avenue.

    Type:INDUSTRIAL
    Property size:
    6,681 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $133/SF
    Added:
    Jan 30, 2024
    Days on Market:
    867
    Last Refresh:
    May 20 at 8:10 pm

    Property Features for 5300 Lansdowne Ave

    General Information

    Standard status
    Active
    Size
    6,681 SF
    Lot size
    0.17 Acres
    Property subtype
    INDUSTRIAL

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    Listing Contact
    Jason Ostach
    Jason Ostach

    Listing agent Jason Ostach

    Listing office Binswanger - Corporate

    Listing date Jan 30, 2024

    Source Moodyscre

    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 Binswanger - Corporate

    HighLights

    • Prime location on highly traveled Lansdowne Avenue with easy access to I‑76, University City, and Center City Philadelphia.
    • Recently replaced roof and structural supports, ensuring structural integrity.
    • Clear span warehouse area offering flexible space utilization.
    • Four drive‑in doors, including an oversized rear drive‑in, facilitating efficient loading and unloading.
    • Zoned I2 - medium industrial, suitable for a range of industrial uses.
    • Interior loading platform for streamlined operations.

    Overview

    This 6,681 square foot warehouse is situated on 0.17 acres and features 75 feet of direct frontage on Lansdowne Avenue. The property includes four drive-in doors, with one oversized drive-in located at the rear. An interior loading platform is present within the clear span warehouse area. The property also contains finished office space. The entire roof and structural supports have been recently replaced. Zoned I2 for medium industrial use by the City of Philadelphia, the property is located in the heart of West Philadelphia, offering access to I-76, University City, and Center City Philadelphia. The estimated taxes for 2024 are $2,256.

    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 $87.4k $13.08
    − Vacancy −$7.0k −$1.05
    EGI $80.4k $12.03
    − OpEx −$12.1k −$1.81
    NOI $68.3k $10.23
    6,681 SF · lease $13.08/SF/yr · vacancy 8.00% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $976.2K
    $854.2K – $1.14M (±1% cap)
    NOI $68,337 @ 7.0% cap · market cap 7.64%
    Second Best
    Industrial
    $700.7K
    $613.1K – $817.5K (±1% cap)
    NOI $49,049 @ 7.0% cap · market cap 5.48%
    Theoretical Best
    Multifamily LT 5
    $1.63M
    $1.43M – $1.90M (±1% cap)
    NOI $114,011 @ 7.0% cap · market cap 12.74%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Essence Natural Releaf ... Dental Office Custom Concepts BMS ... Law Firm Mo’s Towing Auto Repair Shop M.D.J TIRES Auto Parts Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

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    • Keir Apartment Moving. Philadelphia, Pa — 1464 n 60th st, philadelphia, pa 19151
    • Five Three Group

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.2279
    Latitude
    39.977

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    FAQs

    What type of property is this?
    Warehouse - 6,681 SF warehouse with four drive-ins on Lansdowne Avenue.
    Where is this warehouse located?
    The property is located at 5300 Lansdowne Ave Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: Prime location on highly traveled Lansdowne Avenue with easy access to I‑76, University City, and Center City Philadelphia.; Recently replaced roof and structural supports, ensuring structural integrity.; Clear span warehouse area offering flexible space utilization.
    (856) 630-0774 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason Ostach
    Jason Ostach
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