124 Venango St Philadelphia, PA 19140-4635
- Refrigerated & Cold Storages
- 10,722 SF
- 0.40 lot acres
Sep 03, 2024
Current Use by Public Records
- Ashley Foods Inc / Butcher / Big Box & Wholesale Store
Property Details for 124 Venango St
- Year built
- 1921
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.40 lot acres
- Property size
- 10,722 SF
- Zone code
- I2
- Property type
- Refrigerated & Cold Storages
- APN
- 88-4-3412-55
- APU
- 884341255
Description
This exceptional industrial property at 124 W Venango Street in Philadelphia, Pennsylvania, presents a unique investment opportunity. The property encompasses approximately 17,000 square feet of land, including a +/- 11,000 square foot temperature-controlled building ideal for cold storage operations. The building features three freezer areas, one blast freezer, and two dry storage rooms, providing ample space for diverse storage needs. In addition to the extensive cold storage space, the property includes approximately 1,800 square feet of office space, complete with a breakroom and locker room for employee convenience. The site benefits from off-street gated parking, ensuring security and ease of access for both employees and clients. A significant advantage is the presence of a USDA office on-site, potentially streamlining regulatory processes for businesses requiring USDA compliance. Convenient tailgate loading further enhances operational efficiency. The asking price for this versatile and well-equipped property is $1,425,000. Located in Philadelphia County, PA, zip code 19140, this property offers a strategic location within the city. This is a rare opportunity to acquire a fully functional, temperature-controlled warehouse with significant office space and convenient amenities.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $860,000
- ML approach
- $860,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $898,000
- AI Estimate
- $719,000
Market price range: $317k - $1.16MMarket price range: $212k - $887k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $630,000 Current use
- AUTO REPAIR, GARAGE
- $915,000 Change: +45% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1289
- Latitude
- 40.0042
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA