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Property profile & analytics
FOR SALE
Warehouses

1515 N 53Rd St Philadelphia, PA 19131

3,614 SF 0.12 ac lot Built 1924
Individually Owned 4-yr Hold Free & Clear
Property ID
US73-1269240
Property summary
AI-generated overview

This 3,614 square foot warehouse, situated on a 0.2-acre lot in Philadelphia, Pennsylvania (zip code 19131), presents a compelling redevelopment opportunity. Located in the heart of West Philadelphia, the property boasts excellent visibility and accessibility, with frontage on 53rd Street (113 feet) and Lansdowne Avenue (46 feet). The warehouse features one drive-in door, providing convenient access for loading and unloading. The property's CMX-2 zoning (Neighborhood Commercial Mixed Use) allows for a variety of potential uses. An adjacent lot (5208-10 Lansdowne Ave) offers potential for expansion, additional parking, or outdoor storage. Estimated 2023 property taxes are $1,766. This prime location, just off the highly traveled Lansdowne Avenue, makes this an attractive investment for both owner-occupiers and investors seeking a versatile industrial space with significant upside potential.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1924
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,614 SF
Lot 0.12 ac (5,429 SF)
Zoning code CMX2
APN 88-4-3494-30
UPID US73-1269240
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Joan S Downs · 4 yrs held
Joan S Downs
since 2022
2 recorded transactions
2022
Price N/A
2007
Price N/A
Zoning & alternative use
CMX2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CMX-2 Neighborhood Commercial Mixed-Use-2 C-2 RC-1 RC-2 OC CMX-2.5 Neighborhood Commercial Mixed-Use-2.5 Various special district controls CMX-3 Community Commercial Mixed-Use C-3 RC-3 CMX-4 Core Commercial Mixed-Use C-4 CMX-5 Center City Core Commercial Mixed-Use C-5 CA-1 Auto-Oriented Commercial-1 C-7 NSC CA-2 Auto-Oriented Commercial-2 ASC Eliminated >> C…

Zone name Neighborhood Commercial Mixed Use
General category MIXED_USE
Zone area 1,472.20 ac
Source TITLE 14. ZONING AND PLANNING
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