4224 Penn St Philadelphia, PA 19124
This Philadelphia industrial property at 4224 Penn St, 19124 offers a compelling investment and/or owner-user opportunity. The 5,000 square foot warehouse building, constructed in 1960, features two drive-in units, each approximately 2,600 square feet, currently configured for manufacturing. The property presents a dual-use scenario: operate both units for your business or lease them individually for added income. The building sits on a sizable 15,304 square foot lot zoned ICMX, providing significant development potential. This zoning allows for expansion of the existing warehouse, creation of additional parking, or other permitted uses, making this a versatile property for a discerning buyer. The single-story building is situated in Philadelphia County, Pennsylvania. The asking price is $799,999, and the lease type is NNN (Net, Net, Net). This multi-tenant property presents a rare blend of immediate income potential and long-term development upside. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.