1501 Unity St Philadelphia, PA 19124
- Warehouses
- 237,987 SF
- 1.48 lot acres
Current Use by Public Records
- Promo Power Group / Big Box & Wholesale Store
- U-Haul Neighborhood Dealer / Car Rental Facility
- Lemondrip / Clothing Store
- Shipmate Fulfillment / Logistics Company / Freight Service
Property Details for 1501 Unity St
- Year built
- 1930
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.48 lot acres
- Property size
- 237,987 SF
- Zone code
- I2
- Property type
- Warehouses
- APN
- 88-4-0900-00
- APU
- 884090000
Description
This exceptional investment opportunity presents a 312,539-square-foot industrial property located at 1501 Unity Street, Philadelphia, PA 19124. The property, comprised of three buildings across four stories, offers a compelling value-add proposition. Currently configured as a distribution and storage warehouse, the building features nine loading docks, 13' to 16' ceiling heights, and seven heavy-load elevators. The property boasts significant power infrastructure (up to 16 MW) and a recently updated dry fire suppression system. Situated on 2.18 acres, the property includes ample off-street parking with expansion potential. Its strategic location, one mile from I-95 and one block from public transportation, ensures excellent accessibility to major transportation arteries and the surrounding metropolitan area. The I-2 zoning permits a wide range of uses, including manufacturing, distribution, research & development, wholesale, and storage. The property also includes three additional contiguous parcels totaling approximately 29,390 square feet, two of which feature existing retail structures with short-term leases. These parcels are zoned CMX-2, allowing for various commercial uses. The asking price for the entire portfolio is $11,625,000, representing a significant discount to replacement cost. The existing tenant's operations are also available for acquisition. This property presents a rare opportunity to acquire a substantial industrial asset in a high-demand market with significant upside potential.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $5,839,000
Market price range: $3.84M - $20.0M
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.0885
- Latitude
- 40.0136
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
