1600 American St 24 Philadelphia, PA 19122-3100
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.
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Veyko Design Construction Company General Contractor
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Neely Architecture Architect
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
ICMX · Philadelphia, PAPhiladelphia. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.