4705 Stenton Ave, Philadelphia, PA 19144

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List Price
$2,990,000
Status
ACTIVE
MLS#
PAPH2636376
Lot Size (Acres)
0.82
Year Built
1978
County
Philadelphia
School District
Philadelphia City

Property Description

Rare crane-served industrial investment opportunity in Philadelphia's Germantown/Wayne Junction submarket. This 39,000 SF, two-building complex sits on a 39,900 SF (approximately 0.92-acre) lot at 4705-15 Stenton Avenue, zoned ICMX (Industrial Commercial Mixed-Use). The 33,000 SF, three-story industrial building features a P&H Hevi-Lift overhead crane, bow-truss ceilings, column-free spans, a 12-foot-clear drive-in door, one dock leveler, heavy industrial power, and concrete heavy-load floors. A separate, fully built-out 6,000 SF two-story office building and a detached 800 SF garage/storage structure complete the site, along with nine on-site parking spaces. The property is 100% leased to a single tenant on a triple-net-style lease, generating $198,000 in annual income at an approximate 6.60% cap rate ($76.90/SF). The tenant has invested approximately $500,000 of its own capital into the space, with roughly two years remaining on the lease term plus a five-year renewal option. Rail-adjacent and minutes from the Wayne Junction SEPTA hub, with quick access to I-76 and Roosevelt Boulevard. Approximately six miles from PhilaPort and fifteen miles from Philadelphia International Airport. Public water and sewer, PECO electric service, and a PGW gas main on Stenton Avenue. Built in 1935 of masonry and heavy timber construction. Fee simple, clean title. Suitable for net-lease investors, owner-user manufacturers, distribution operators, or developers considering ICMX adaptive reuse. Full financials available upon request.

Additional Information

Area
19144 (19144)
School District
Philadelphia City
Heating
None
Cooling
Central Air
Utilities
Sewer Available, Water Available
Water
Public
Sewer
Public Sewer

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Listing courtesy of Real Broker, LLC. Contact: