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Listed by Michael A. Becker • KW Empower

$2,000,000

Est. payment - /mo

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0.55 Acres Lot

Active

3204 VARE AVE Philadelphia, PA 19145

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Franco Grisafi

francogrisafi@epique.me +1(610) 487-4007

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Philadelphia (South)

MLS Listing ID PAPH2424392

Year Built 1950

Annual Tax Amount $13,971

Tax Year 2025

Lot Size 0.550 Acres

Acres 0.55

Property Sub-Type Industrial

Source BRIGHT

Property Description

Construction has begun in the rapidly developing Bellwether District. This property offers a rare investment opportunity featuring two street-to-street parcels totaling approximately 0.55 acres with multiple income streams.The ±4,800 SF warehouse is leased on a yearly basis for $4,500 per month and includes a kitchen area and three overhead doors. The adjoining lot is rented for $1,500 per month. In addition, a V-sign on the property produces $2,041.67 per month, with approximately 3.5 years remaining on the lease. The sign company also contributes $9,800 annually toward real estate taxes.Total monthly income is $8,041, with $9,800 per year in tax reimbursement. There is potential to convert the sign to digital, which could significantly increase rent and property value.Located along one of Philadelphia's highest-traffic corridors near I-676, this property is positioned for continued growth and long-term appreciation within the expanding Bellwether District.

Location

State PA

County Philadelphia

Area 19145 (19145)

Zoning I2

Interior

Hot Water Oil

Heating Baseboard - Electric, Other

Cooling Wall Unit

Inclusions Signage rental, possible cell phone tower lease

Heat Source Electric

Exterior

Garage Spaces 30.0

Water Access N

Accessibility None

Total Parking Spaces 30

Garage N

Building

Lot Description Additional Lot(s)

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 885566920, 882970205

Ownership Fee Simple

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

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Phone

+1(610) 487-4007

francogrisafi@epique.me

Address

123 Main St, Allentown, PA, 18102