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Aryan Frizhandi

aryan.frizhandi@lnf.com +1(202) 899-0069

$ 4,000,000

Est. payment -/mo

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3204 VARE AVE Philadelphia, PA 19145

5,200 SqFt

UPDATED:

10/28/2024 04:43 PM

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 5,200 sqft

Price per Sqft $769

Subdivision Philadelphia (South)

MLS Listing ID PAPH2291850

Originating Board BRIGHT

Year Built 1950

Annual Tax Amount $9,787

Tax Year 2024

Lot Size 0.378 Acres

Acres 0.38

Property Description

CONSTRUCTION HAS STARTED IN THE BELL WETHER DISTRICT. Get in at ground level! Amazing investment opportunity in the red hot Bellwether District! Street to Street access, Two parcels that consists of .55 acres. V sign lease income of $2,041.67 per month, 5 years left on lease. The V sign may go digital, with possibilities of double rent and value. In addition to rent , the sign company pays the seller $9,800 per year towards real estate taxes. There is a 5,200+/- warehouse with 1 spray booth , 1 large storage area, 2 lifts, 2 offices, kitchen area and 3 overhead doors. This property is nestled on one of the heaviest traffic counts in the City of Philadelphia nestled by 676 and the Bellwether District is one of the Hottest growth areas in the City! Recent sales of adjacent properties will confirm pricing.

Location

State PA

County Philadelphia

Area 19145 (19145)

Zoning I2

Interior

Hot Water Natural Gas

Heating Baseboard - Electric

Cooling Wall Unit

Inclusions Signage rental, possible cell phone tower lease

Heat Source Electric

Exterior

Garage Spaces 30.0

Waterfront N

Water Access N

Accessibility None

Parking Type Parking Lot

Total Parking Spaces 30

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 885566920, 882970205

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Listed by Michael A. Becker • KW Empower

Aryan Frizhandi

Agent

+1(202) 899-0069

Aryan Frizhandi

3204 VARE AVE Philadelphia, PA 19145

Key Details

Location

Interior

Exterior

Building

Schools

Others

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3204 VARE AVE