1901 W Courtland St, Philadelphia, PA 19140
- Flex space
- 14,750 SF
- 0.40 lot acres
Current Use by Public Records
- Flex space
Property Details for 1901 W Courtland St
- Year built
- 1919
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.40 lot acres
- Zone code
- I2
- Property type
- Flex space
- APN
- 88-4-3423-80
- APU
- 884342380
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 2, 2025 | — | Atlas Philly Vi LLC | — | Deed · related | $868k · Welsh Lending LLC |
| Jul 13, 2022 | $925,000 | Atlas Philly Vi LLC 1901 W Clurtlan | Jg1901 W Courtland LLC | Deed | $800k · Merion Lending LLC |
| Dec 28, 2021 | $610,000 | Jg1901 W Courtland LLC | 1901 W Courtland Street LLC | Deed | $488k · Peoples Security Bank & Trust Compa |
| Nov 14, 2019 | $625,000 | 1901 W Courtland Street LLC | Ivan Courtland LLC | Deed | $469k · Wilmington Savings Fund Society Fsb |
| Feb 6, 2017 | — | Ivan Courtland LLC | — | Deed · related | $472k · Pnc Bank NA |
| Dec 10, 2004 | $84,614 | Ivan Courtland LLC | Ivan Tancredi & Tanser Realty | Grant Deed · related | $125k · Pnc Bank |
| — | — | Ivan Courtland LLC | — | Deed Of Trust · related | $480k · Pnc Bank |
Description
This fully leased, 16,000-square-foot warehouse in Philadelphia, PA, presents a compelling investment opportunity. Boasting a strong 8.03% cap rate and 100% occupancy, the property generates a substantial net operating income (NOI) of $156,611. The asking price is $1,950,000, translating to $121.88 per square foot. The single-story building is divided into 22 tenant spaces, ranging from 400 to 1,000 square feet, each accessible via keyless entry. Recent renovations totaling approximately $80,000 have enhanced the property's value. A proprietary management software streamlines operations, reducing overhead costs. Tenants, a diverse mix of light industrial businesses, utilize short-term, four-week billing cycles, resulting in 13 billing periods annually. This efficient management system, combined with the high occupancy rate and strong NOI, makes this a highly attractive investment prospect in a prime Philadelphia location. The property is situated at 1901 W Courtland St, Philadelphia, PA 19140. The gross lease structure further simplifies management.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $840,000
- ML approach
- $845,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $837,000
Market price range: $337k - $1.51M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $705,000 Current use
- AUTO REPAIR, GARAGE
- $1,255,000 Change: +78% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1564
- Latitude
- 40.0243
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
