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3501-49 Allen St Philadelphia, PA 19134

OFF-MARKET Land Google Maps
1 SF
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 2.96-acre industrial land parcel presents a unique redevelopment opportunity in Philadelphia's vibrant Port Richmond neighborhood. The property, located at 3501-49 Richmond Street and 3500 E Allen Street, boasts significant frontage along Richmond Street (552 feet) and E Allen Street (185 feet), providing excellent visibility and accessibility. Its strategic location offers convenient access to major transportation arteries, including I-95 and the Betsy Ross Bridge, ensuring seamless connectivity to Center City Philadelphia and the broader regional highway network. The site is zoned I-2—Medium Industrial—(City of Philadelphia), allowing for a variety of industrial and commercial uses. The property is currently improved with a single building, totaling 1 square foot, offering a blank canvas for development. This presents a rare chance to acquire a substantial land holding in a rapidly growing area, ideal for developers seeking to capitalize on the strong demand for industrial space in this prime location. The property's size and zoning make it suitable for a wide range of projects, from light industrial to warehousing and distribution. With its excellent location and flexible zoning, this property represents a compelling investment opportunity with significant long-term potential. The property is situated in Philadelphia County, PA, zip code 19134, and is easily accessible via Route 60. This is a single-tenant property.

Property profile

Verified
Property type Land
Total area 1 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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