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1001 E Venango St Philadelphia, PA 19134

Flex space Google Maps
28,685 SF 1.2 ac lot Built 1950
Entity Owned 17-yr Hold Free & Clear
Estimated value (blended)
$325k
Range $293k – $358k (±10%)
Property ID US73-1644837

Property summary

AI-generated overview

This ±4.65-acre property, located at 1001-1021 E. Venango St., 1125 E. Venango St., and 1131-1133 E. Venango St. in Philadelphia, PA 19134, presents a significant industrial redevelopment opportunity. Zoned I-2 Industrial, this vacant site offers unparalleled access to major transportation arteries. Its strategic location, just 6.2 miles from Center City Philadelphia and 1.5 miles from I-95, ensures seamless connectivity. The property's proximity to the Port of Philadelphia and a diverse range of amenities further enhances its appeal. This urban infill site benefits from a large potential workforce, with over 2.3 million people residing within a 10-mile radius, contributing to a robust and thriving economic environment. This is a rare chance to capitalize on Philadelphia's dynamic industrial market and create a significant development. The property's size and location make it ideal for a variety of industrial uses. Don't miss this chance to establish a presence in a key Philadelphia location.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 28,685 SF
Lot 1.2 ac (52,316 SF)
Zoning code I2
APN 88-4-1080-00
UPID US73-1644837

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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.11M
Blend (final) Blend
$325k

Owner & transaction history

since 2008
5 recorded transactions
2020
Price N/A
2016
Price N/A
2016
Price N/A
2008
$284,000
1969
Price N/A

Zoning & alternative use

I2 · Philadelphia, PA
Zoning description

I-2 Medium Industrial G-1 G-2 Food Distribution Center I-3 Heavy Industrial LR I-P Port Industrial Port Industrial (.2) Map Symbols. (.a) The Industrial district map symbols are intended to provide a general, relative in…

General category INDUSTRIAL

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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