219 E Lehigh Ave Philadelphia, PA 19134
Prime investment property in a rapidly redeveloping Philadelphia area.
Type:Industrial
Property size:
29,100 SF- Added:
- Aug 8, 2023
- Days on Market:
- 985
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 219 E Lehigh Ave
General Information
- Standard status
- Active
- Size
- 29,100 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1990
Listing agent Andi Pesacov License #RS210170L
Listing office KW Commercial
Listing date Aug 8, 2023
Source Crexi
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 KW Commercial
Overview
Philadelphia Investment Opportunity
Located in Philadelphia at 219 E. Lehigh Avenue, this property presents an investment opportunity in a rapidly redeveloping area. Situated in a Federal Opportunity Zone, the site offers tax benefits, including the deferral, reduction, and elimination of capital gains taxes. The property is located in Kensington, a neighborhood known for its arts scene, bars, and brewery culture. The current tenant, a national governmental agency, has occupied the build-to-suit office building for 43 years. The tenant has ongoing government-standard 5-year option terms. The property generates a current net operating income of $419,901. The property size is 29100 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Los tios food ...
Restaurant
Philadelphia County Assistance ...
Local Government Office
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1278584
- Latitude
- 39.9910813
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Prime investment property in a rapidly redeveloping Philadelphia area.
Where is this office building located?
The property is located at 219 E Lehigh Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Stable, long‑term tenant: National governmental agency with 43‑year history in the build‑to‑suit office building.; Significant tax benefits: Located in a Federal Opportunity Zone, offering deferral, reduction, and elimination of capital gains taxes.; Strong Net Operating Income (NOI): Current NOI of $419,901, providing reliable income.
