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Property profile & analytics
OFF-MARKET Estimated value $10,645,000
Industrial properties

300 Godfrey Ave Philadelphia, PA 19120-1646

230,205 SF 4.53 ac lot Built 1912
Entity Owned 18-yr Hold ~ Est. High Equity
Property ID
US73-0091223
Property summary
AI-generated overview

This exceptional 252,000 square foot, four-story industrial flex building is strategically located at 300 E Godfrey Avenue in Philadelphia, Pennsylvania, 19120. The property boasts a highly desirable I-2 Medium Industrial zoning designation, making it suitable for a diverse range of uses. The building features six loading docks, both internal and external, plus convenient knockouts for additional loading capacity and one large grade-level drive-in door. Ample tenant parking is provided in an adjacent lot. Inside, you'll find a mix of flex and co-working warehouse spaces, storage units, and creative studios, currently enjoying high occupancy rates. The building is equipped with a sprinkler system, city water and sewer, and a freight elevator for efficient material handling. Annual property taxes are $46,399 (2023). Its prime location offers easy access to major transportation arteries, including I-95 (4.5 miles), the Betsy Ross Bridge (5.3 miles), and the Taconey Palmyra Bridge (5.5 miles), ensuring seamless logistics and distribution. This multi-tenant property presents a compelling investment opportunity in a thriving Philadelphia market.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL LOFT BUILDING
Year built 1912
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 230,205 SF
Lot 4.53 ac (197,240 SF)
Zoning code I2
APN 88-4-1160-95
UPID US73-0091223
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • MrBeast Burger Restaurant
  • Recycling Balers of Pennsylvania Factory Industrial Manufacturer
  • Man vs Fries Restaurant
  • Pallet Palace LLC Liquidator Wholesaler
  • Cmple.com - Low Voltage CCTV Supply Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.30M
Blend (final) Blend
$10.65M
Owner & transaction history
Jre Eleven LLC · 18 yrs held
Jre Eleven LLC
since 2007
7 recorded transactions
2022
Price N/A
2020
Price N/A
2018
Price N/A
2007
Price N/A
2005
$980,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
I2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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