5101 HARLAN ST, Philadelphia, PA 19131 - MLS#PAPH2415020

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Adam Ferst

[email protected] +1(202) 421-5500

$550,000

Est. payment - /mo

5,000 SqFt

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UPDATED:

11/07/2024 06:35 PM

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 5,000 sqft

Price per Sqft $110

MLS Listing ID PAPH2415020

Originating Board BRIGHT

Year Built 1925

Annual Tax Amount $2,017

Tax Year 2024

Lot Size 4,972 Sqft

Acres 0.11

Lot Dimensions 89.00 x 111.00

Property Description

Introducing an exceptional investment opportunity: a roughly 5,000-square-foot warehouse for sale, just a block off Lancaster Ave and situated in a Qualified Opportunity Zone (QOZ)! This property is currently configured into eight spacious garage units, each rented out individually.

With tall overhead doors and impressive high ceilings, these large units offer plenty of room for a variety of uses. Presently, all units are leased on a month-to-month basis at significantly below-market rates. Current market rents hover around $700 per unit, translating to an impressive potential income of over $67,000 per year.

Seize this amazing chance to elevate your investment strategy—either increase rents for immediate cash flow or vacate the building for your personal use, or mix and match both approaches!

But that’s not all—you're also land banking a prime parcel in an up-and-coming neighborhood. With a new construction apartment complex already underway just two blocks away and a proposed 25-unit apartment building directly across the street, the growth potential for this area is undeniable.

Don’t miss out on this fantastic opportunity to invest in a property with both immediate returns and long-term value!

Location

State PA

County Philadelphia

Area 19131 (19131)

Zoning CMX2

Interior

Hot Water None

Heating Baseboard - Electric

Cooling None

Flooring Concrete

Heat Source Electric

Exterior

Garage Spaces 28.0

Waterfront N

Water Access N

Roof Type Flat

Accessibility >84\" Garage Door

Total Parking Spaces 28

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 442173000

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Exchange, Negotiable

Listing Terms Cash, Exchange, Negotiable

Financing Cash,Exchange,Negotiable

Special Listing Condition Standard

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Listed by Richard M Lauletta • Real of Pennsylvania

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Adam Ferst

+1(202) 421-5500

Agent | RSRS325119

Agent RSRS325119

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