3775 Kensington Ave Philadelphia, PA 19124-5633
This exceptional 107,141-square-foot industrial property, situated on a 1.4-acre lot in Philadelphia County, presents a unique investment opportunity. The building, classified as Class B, features three floors, each approximately 35,667 square feet, offering ample space for a variety of manufacturing or warehousing needs. Ceiling heights range from 9 to 9.5 feet on the first floor and 12 to 13 feet on the second and third floors, providing significant vertical clearance. The property boasts two loading docks for efficient material handling, supplemented by two freight elevators (one 3,000 lb and one 4,000 lb capacity). An ESFR sprinkler system ensures fire safety. The building's flexible layout allows for customization to suit diverse operational requirements, accommodating office, warehouse, studio, or lab spaces. Secured on-site parking is available, and the property benefits from a private central loading courtyard. Its strategic location offers frontage on Castor Avenue, Kensington Avenue, and Jasper Street, providing excellent visibility and accessibility. The IRMX (Industrial Residential Mixed Use) zoning provides flexibility for future development. The top floor offers a 360-degree view of the surrounding neighborhood. The entire 107,141 square feet is currently vacant and available for lease.
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
I1 · 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.