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Property profile & analytics
OFF-MARKET Estimated value $860,000
Refrigerated & Cold Storage

124 Venango St Philadelphia, PA 19140-4635

10,722 SF 0.4 ac lot Built 1921
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US73-5810957
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Refrigerated & Cold Storage
Use group COLD STORAGE
Year built 1921
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,722 SF
Lot 0.4 ac (17,496 SF)
Zoning code I2
APN 88-4-3412-55
UPID US73-5810957
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Ashley Foods Inc Butcher Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$860k
CAP Approach CAP
by Request
Comparable Approach Comparable
$899k
Blend (final) Blend
$860k
Owner & transaction history
124 W Venango Investment LLC · 1 yrs held
124 W Venango Investment LLC
since 2024
Last sale
$860,000
5 recorded transactions
2024
$860,000
2023
Price N/A
2005
$500,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
I2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $915,000 +45.0%
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