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2848 Chatham St Philadelphia, PA 19134

Manufacturing properties Google Maps
83,376 SF 0.97 ac lot Built 1930
Entity Owned 7-yr Hold Free & Clear
Estimated value (blended)
$550k
Range $495k – $605k (±10%)
Property ID US73-2123009

Property summary

AI-generated overview

This exceptional industrial property, located in Philadelphia's vibrant Port Richmond neighborhood, presents a unique opportunity for multiple tenants. The building offers three distinct spaces, each with its own character and potential. Space 1 boasts a massive 9,000 square feet of open floor plan, featuring high ceilings ideal for large-scale operations, storage, or creative projects. Space 2, a newly renovated 4,500 square foot area, showcases soaring ceilings exceeding 30 feet, abundant natural light from newly installed windows spanning the length of the space, freshly painted walls, and two new bathrooms currently under construction. Finally, Space 3 provides a flexible 2,500 square foot layout, perfectly suited for a creative studio, workspace, or supplementary storage. The property's adaptability makes it suitable for a variety of uses, from distribution and logistics to creative endeavors. Its prime location in Port Richmond offers excellent access to transportation and a thriving community. This is an exceptional opportunity to secure warehouse space in a desirable Philadelphia location. The property is classified as industrial and special purpose, with multiple tenancies available. The total building square footage is not currently specified. The property is situated in Philadelphia County.

Property profile

Verified
Property type Manufacturing properties
Use group FACTORY (MANUFACTURING)
Year built 1930
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 83,376 SF
Lot 0.97 ac (42,252 SF)
Zoning code I2
APN 88-4-6712-02
UPID US73-2123009

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Gym & Fitness Center
  • Photography Service (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.06M
Blend (final) Blend
$550k

Owner & transaction history

since 2018
5 recorded transactions
2018
Price N/A
2008
$850,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I2 · Philadelphia, PA
Zoning description

I-2 Medium Industrial G-1 G-2 Food Distribution Center I-3 Heavy Industrial LR I-P Port Industrial Port Industrial (.2) Map Symbols. (.a) The Industrial district map symbols are intended to provide a general, relative in…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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