Warehouse with Redevelopment
717 Callowhill Street Philadelphia, PA 19123
717 Callowhill Street, Philadelphia, PA, 19123
Contact for pricing
For Sale
Contact for pricing
Pending
Warehouse currently used by Grainger Industrial Supplies, with an expiring net lease and marketed mixed-use redevelopment opportunity.
Days on Market104
Property Features for 717 Callowhill Street
General Information
- Standard status
- Pending
- Property subtype
- Industrial, Mixed Use
Listing agency
Graystone Capital Advisors
Listed by
Lawrence Gariano · License #NJ 0790741
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 1:12PM Checked: Jul 21 at 1:12PM
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 Graystone Capital Advisors
Investment Insights
Based on property information with market context.
717 Callowhill Street is a warehouse property currently used by Grainger Industrial Supplies. The offering is presented as a fee simple investment with a net-lease in place, subject to an expiration date of December 31, 2019, and is marketed for redevelopment into a mixed-use project.
The site is located in East Callowhill, positioned just north of Old City and south of Northern Liberties, approximately one mile from the Market-Frankford Line and about one block north of I-676 for access around the city. The area has also benefited from a complete rezoning by the City of Philadelphia intended to transition the narrow strip between Old City and Northern Liberties from its current industrial use toward a more walkable mix of apartment and commercial development.
The property is within a designated Economic Opportunity Zone, as described in the offering materials, which the developer cites as providing a permanent exclusion from taxable income of capital gains from the sale or exchange of an investment in a qualified opportunity zone fund, if the investment is held for at least 10 years.
The site is located in East Callowhill, positioned just north of Old City and south of Northern Liberties, approximately one mile from the Market-Frankford Line and about one block north of I-676 for access around the city. The area has also benefited from a complete rezoning by the City of Philadelphia intended to transition the narrow strip between Old City and Northern Liberties from its current industrial use toward a more walkable mix of apartment and commercial development.
The property is within a designated Economic Opportunity Zone, as described in the offering materials, which the developer cites as providing a permanent exclusion from taxable income of capital gains from the sale or exchange of an investment in a qualified opportunity zone fund, if the investment is held for at least 10 years.
Key Highlights
- Fee simple interest at 717 Callowhill Street, currently used as a warehouse by Grainger Industrial Supplies.
- Net lease expires December 31, 2019, with Grainger Industrial Supply subject to the expiring net‑lease term.
- Location: East Callowhill, just north of Old City and south of Northern Liberties; one block north of I‑676.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Warehouse - Warehouse currently used by Grainger Industrial Supplies, with an expiring net lease and marketed mixed-use redevelopment opportunity.
Where is this warehouse located?
The property is located at 717 Callowhill Street Philadelphia, PA.
What are key features of this property?
This property features: Fee simple interest at 717 Callowhill Street, currently used as a warehouse by Grainger Industrial Supplies.; Net lease expires December 31, 2019, with Grainger Industrial Supply subject to the expiring net‑lease term.; Location: East Callowhill, just north of Old City and south of Northern Liberties; one block north of I‑676.
