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Property profile & analytics

124 Venango St Philadelphia, PA 19140-4635

  • Refrigerated & Cold Storages
  • 10,722 SF
  • 0.40 lot acres
OFF-MARKET
Last Sale
Sep 03, 2024
$860,000
Value Estimations
$860,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US73-5810957
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $860,000
    ML approach
    $860,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $898,000
    Market price range: $317k - $1.16M
    AI Estimate
    $719,000
    Market price range: $212k - $887k
  • Alternative Use

    Use
    Estimation
    WAREHOUSE, STORAGE
    $630,000
    Current use
    AUTO REPAIR, GARAGE
    $915,000
    Change: +45% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,253
$75,060
$300,240
$375,300
-
$75,060
$300,240
$375,300
More about this property
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