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Anita Mohamed

stagesite-3.test@chime.me +1(347) 903-3025

$ 2,000,000

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3204 VARE AVE Philadelphia, PA 19145

0.55 Acres Lot

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Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Lot Size 0.550 Acres

MLS Listing ID PAPH2424392

Subdivision Philadelphia (South)

Short Sale No

Originating MLS 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

1-purchase type For Sale

Exterior

Garage Spaces 30

Waterfront N

Water Access N

Accessibility None

Parking Type Parking Lot

Total Parking Spaces 30

Building

Lot Description Additional Lot(s)

New Construction N

Sewer Public Sewer

Water Public

Schools

School District The School District Of Philadelphia

Others

Tax Amount $13,971

Tax Year 2025

Tax ID 885566920, 882970205

Ownership Fee Simple

Special Sale Standard

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Listed by Michael A. Becker • KW Empower

Anita Mohamed

Broker Associate | jhy1aaaaaaaaaaaaaaaa 244410410

+1(347) 903-3025 | stagesite-3.test@chime.me

Anita Mohamed

3204 VARE AVE Philadelphia, PA 19145

Key Details

Location

Interior

Exterior

Building

Schools

Others

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3204 VARE AVE