West Philadelphia Warehouse with
For Sale
Contact for pricing
5300 Lansdowne Ave, Philadelphia, PA
6,681 SF warehouse with four drive-ins on Lansdowne Avenue.
Property Size6,681 SF
Lot Size0.17 Acres
Price / SF$133.96
Days on Market1004
Property Features for 5300 Lansdowne Ave
General Information
Standard status
Active
Size
6,681 SF
Lot size
0.17 Acres
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
West Philadelphia
Listing Agency:
Binswanger - Corporate
(215) 448-6000
Listed By:
Jason Ostach · License #1755115
(856) 630-0774
Source:
Moodyscre
Added: Jan 30, 2024
Changed: Oct 25
Last Checked: Oct 28 at 10:35AM
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
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Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,337
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,366,740
$1.4M
Cap Rate 7%
$976,243
$976.2K
Cap Rate 9%
$759,300
$759.3K
Market Conditions
NOI Build-Up for 6,681 SF
Gross rent
$87.4K $13.08/SF
− Vacancy
−$7.0K −$1.05/SF
EGI
$80.4K $12.03/SF
− OpEx
−$12.1K −$1.81/SF
NOI
$68.3K $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%
$1,366,740
Cap Rate 7%
$976,243
Cap Rate 9%
$759,300
Alternative Uses
Best Use
Warehouse
$976.2K
$854.2K – $1.14M
NOI $68,337 @ 7.0% cap · market cap 7.64%
Second Best
Industrial
$700.7K
$613.1K – $817.5K
NOI $49,049 @ 7.0% cap · market cap 5.48%
Theoretical Best
Multifamily LT 5
$1.63M
$1.43M – $1.90M
NOI $114,011 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,162
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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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?
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.
