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    1600 Carpenter St Philadelphia, PA 19146

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    1600 Carpenter St Philadelphia, PA 19146


    • Strip malls
    • 35,657 SF
    • 1.39 lot acres
    Off-Market
    Last Sale Jul 29, 2022
    $9,500,000
    Property ID
    US73-1005959
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $9,005,000
    Show details
    Cap Rate Potential
    6%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 1600 Carpenter St

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.39 lot acres
    Property size
    35,657 SF
    Zone code
    I2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    88-2-1306-10
    APU
    882130610

    Description

    This expansive industrial property, located at 1600 Carpenter Street in Philadelphia, Pennsylvania (zip code 19146), offers 35,072 square feet of warehouse space for lease. The entire building is currently vacant, presenting a unique opportunity for a single large tenant or multiple smaller businesses. Situated on a 0.81-acre lot, the property boasts a substantial 22.83-foot ceiling height, providing ample vertical storage capacity. The property's classification is industrial, with a warehouse subtype and multiple tenancy designation. The building is located in Philadelphia County. This location offers excellent access to major transportation routes, making it an attractive option for businesses requiring efficient logistics. The property's size and features make it suitable for a wide range of industrial uses, from storage and distribution to light manufacturing. With its significant square footage and convenient location, this warehouse presents a compelling investment opportunity for businesses seeking a substantial and versatile space in the Philadelphia market. The property is ready for immediate occupancy. Interested parties should inquire for lease terms and conditions.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $8,650,000
      ML approach
      $9,415,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $8,610,000
      6.5%
      $7,950,000
      7%
      $7,380,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,615,000
      Market price range: $3.32M - $10.6M
    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $6,615,000
      Current use
      RESTAURANT
      $11,040,000
      Change: +67% Conversion: Difficult
      WAREHOUSE, STORAGE
      $10,760,000
      Change: +63% Conversion: Difficult
      OFFICE BUILDING
      $9,070,000
      Change: +37% Conversion: Moderate
      MEDICAL BUILDING
      $8,755,000
      Change: +32% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $6,410,000
      Change: -3% Conversion: Easy
      RETAIL STORES
      $6,115,000
      Change: -8% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1703
    Latitude
    39.939
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $69,454
    $992,334
    $3,969,366
    $4,961,700
    -
    $992,334
    $3,969,366
    $4,961,700
    More about this property
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