1600 American St, Unit 24 Philadelphia, PA 19122-3100
- Flex space
- 11,563 SF
- 0.66 lot acres
Current Use by Public Records
- Veyko Design / Construction Company / General Contractor
- Neely Architecture / Architect
Property Details for 1600 American St
- Year built
- 2015
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.66 lot acres
- Property size
- 11,563 SF
- Zone code
- ICMX
- Property type
- Flex space
- APN
- 88-4-5907-55
- APU
- 884590755
Description
This exceptional 12,050-square-foot flex space at 1600 N American St, Philadelphia, PA 19122, is offered at $5,000,000 ($414.94/sq ft). The property, situated on a 28,589-square-foot lot, boasts a single building renovated in 2015 and features flexible ICMX zoning, allowing for diverse industrial and commercial uses. The warehouse includes an 8,050-square-foot main factory floor with 24-foot ceilings, a 2,000-square-foot support area encompassing office space, a kitchen, and restrooms, plus a 2,000-square-foot mezzanine for added storage or office space. Outdoor amenities include parking for twelve cars and multiple trucks, along with a 600-square-foot picnic area. The current owner is open to a one- to two-year leaseback arrangement at market rates, with a lease option also available. This prime location on the burgeoning North American Street corridor presents a unique owner-user opportunity. The property is currently vacant.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,696,000
- AI Estimate
- $1,127,000
Market price range: $761k - $3.49MMarket price range: $294k - $2.24M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,695,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $2,145,000 Change: +26% Conversion: Difficult
- RETAIL STORES
- $1,985,000 Change: +17% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $1,825,000 Change: +7% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1401
- Latitude
- 39.9754
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA