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Expansive Flex Building with Strong Upside 3190 Tremont Ave 71,641 SF Vacant Flex Building Online Auction Sale Feasterville Trevose, PA 19053
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Investment Highlights
- Opportunity for an investor to take over a vacant light industrial building about 40 minutes northeast of Center City in Philadelphia.
- Zoned LI - Light Industrial, including both LI and HC1 classes for light manufacturing, scientific research, wholesale, warehousing, and storage uses.
- Trevose is a well-established Pennsylvania town with access to a strong labor pool of over 434,000 employees within a 10-mile radius.
- Benefit from excellent access to I-276, Route 1, I-95, Woodhaven Road, and key bridges connecting Pennsylvania to New Jersey.
- Prime location surrounded by national retailers and daily needs, including Walmart, Target, Chick-fil-A, CVS, Giant, and several others.
- The previous tenant has vacated the building, allowing for a new tenant or user to build out the space to suit their business needs.
Executive Summary
3190 Tremont Avenue is a multi-level light industrial building built in 1975 and renovated in 1998 and 2017, ringing in at 72,640 square feet on 6.18 acres. The space breakdown offers 12,560 square feet of office on two levels and approximately 60,000 square feet of light industrial. The light industrial space is made up of approximately 20,000 square feet on the lower level providing drive and door access and 40,000 square feet on the ground floor with dock access and potential for a drive-in if desired. The ceiling heights on the lower level reach 11 feet and the ground floor reach 12.5 feet. The property has major curb appeal and a two-story light-filled lobby. Zoned light industrial (L-1), the property presents potential for a wide array of uses. It also comes equipped with several attractive office and flex features already built in, including multiple private restrooms, a kitchenette, and two tailgate-height overhead loading docks.
3190 Tremont Avenue presents investors and owner/users with an enticing offer to take over a vacant office building just outside of Philadelphia. The property was occupied by the previous owner and vacated in 2020. It is currently built out for office use; however, the L-1 zoning allows a wide array of uses, including light manufacturing, scientific research facilities, wholesale business facilities, warehousing and storage, monument production facilities, and more.
Just 40 minutes to Philadelphia and teetering on the New Jersey border, this property is in a prime location. In recent years, several firms have relocated from Central New Jersey to the Lower Bucks County submarket. Pre-pandemic healthcare providers and healthcare technology firms, including Capital Health, StayWell, and ETHOS Health Communications, were improving market conditions in the area. The Lower Bucks County submarket has seen an uptick in out-of-market investors acquiring medical, office, and flex properties. Leasing in the submarket has been on the rise over recent years, as healthcare providers and healthcare technology firms, including Capital Health, StayWell, and ETHOS Health Communications, have moved to the area.
3190 Tremont Avenue presents investors and owner/users with an enticing offer to take over a vacant office building just outside of Philadelphia. The property was occupied by the previous owner and vacated in 2020. It is currently built out for office use; however, the L-1 zoning allows a wide array of uses, including light manufacturing, scientific research facilities, wholesale business facilities, warehousing and storage, monument production facilities, and more.
Just 40 minutes to Philadelphia and teetering on the New Jersey border, this property is in a prime location. In recent years, several firms have relocated from Central New Jersey to the Lower Bucks County submarket. Pre-pandemic healthcare providers and healthcare technology firms, including Capital Health, StayWell, and ETHOS Health Communications, were improving market conditions in the area. The Lower Bucks County submarket has seen an uptick in out-of-market investors acquiring medical, office, and flex properties. Leasing in the submarket has been on the rise over recent years, as healthcare providers and healthcare technology firms, including Capital Health, StayWell, and ETHOS Health Communications, have moved to the area.
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Title and Insurance
- Purchase Agreement
- Third Party Reports
Market Analytics Click Here to Access
Property Facts
| Sale Type | Investment | Rentable Building Area | 71,641 SF |
| Sale Condition | Auction Sale | No. Stories | 2 |
| Type of Ownership | Fee Simple | Year Built/Renovated | 1975/1998 |
| Property Type | Flex | Parking Ratio | 1.94/1,000 SF |
| Building Class | C | Parcel Number | 02-008-019 |
| Lot Size | 6.18 AC | ||
| Zoning | L-1 - Light Industrial | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 6.18 AC |
| Rentable Building Area | 71,641 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1975/1998 |
| Parking Ratio | 1.94/1,000 SF |
| Zoning | L-1 - Light Industrial |
| Parcel Number | 02-008-019 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
| Space | Size | Space Use | Condition | Available |
| Lower Level | 19,638 SF | Office | Partial Build-Out | Now |
| 1st Floor | 46,265 SF | Office | Partial Build-Out | Now |
| 2nd Floor | 5,738 SF | Office | Full Build-Out | Now |
Lower Level
| Size |
| 19,638 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 46,265 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 5,738 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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Lower Level
| Size | 19,638 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
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1st Floor
| Size | 46,265 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
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2nd Floor
| Size | 5,738 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
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Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Philadelphia
1,584,138
15
0 h 29 m
New York
8,398,748
80
1 h 47 m
Washington
702,455
156
3 h 23 m
Boston
694,583
291
6 h 2 m
Columbus
892,533
483
9 h 15 m
Charlotte
872,498
587
11 h 0 m
Access and Labor Force
10 Miles
Total Population
1,088,002
Total Labor Force
564,432
Unemployment Rate
3.97%
Median Household Income
$81,879
Warehouse Employees
81,953
High School Education Or Higher
91.60%
$ values in USD
Sale Advisors
Sale Advisors
Jeffrey Licht, EVP & Managing Director
Jeffrey entered the real estate industry 30 years ago with Strouse Greenberg & Company, Inc. He began his career on the fast track and was recognized as Rookie Sales Leader of the Year and top producer on multiple occasions. Within 5 years of joining the firm he was promoted to Director of the Southern New Jersey Division. That same competitive spirit and tenacity are hallmarks of his approach to this day. Jeffrey joined NAI Mertz 25 years ago as Sales Manager of NAI Mertz’s Pennsylvania offices. From that time he has been a top broker; grew the Bucks County presence to one of the top producing offices for NAI Mertz and has built a loyal client base. While Jeff employs all the benefits of technology, he also believes there are market insights to be gathered that can only be attained by being out in the markets he serves. The breadth of his market familiarity and depth of knowledge prove exceptionally beneficial to clients and often serve to accelerate cycle time and/or present off-market opportunities. An accomplished leader in NJ/PA commercial real estate, Jeff stepped out onto the global stage and became a leader within NAI Global, a top 5 brand with more than 400 offices and 7,000 professionals. Jeff has been a member of the NAI Global Industrial Council for 15 years and was Chair for 4. He provided leadership to a group of over 600 specialists in markets that spanned the globe. Jeff is well-known, respected and liked throughout the global organization which enables him to place requirements on behalf of clients while providing the confidence that they will be served by a colleague with whom Jeff has a relationship. Jeff’s question to you is, “Where can I help you?” Jeff’s track record of success is more than impressive and includes: 41MM+ Square Feet Successfully Represented for Sale/Lease; 2,000+ Sales and Leases Negotiated and Closed; $1B+ Aggregate Transaction Volume.
Jared Licht, Director
Jared is a graduate of The Pennsylvania State University and has earned a Bachelor of Science degree in Hospitality Management with a minor in Business. Jared graduated in May of 2016 and went on to become a food and beverage manager with responsibility for three restaurants and over forty employees. In May of 2017 he made the move into commercial real estate when he joined NAI Mertz as a Sales Associate. Jared is exceptionally ambitious and is already meaningfully contributing to business transactions. He has been dually focused on corporate projects as well as working in support of seasoned industry veterans who are educating him on sector specifics as he assists with marketing, broker opinion of values, deal room creation, budget management, financial analysis, vendor coordination, research, and presentation preparation. Jared’s drive to acquire knowledge while contributing to the success of his peers and those he supports is admirable. He is enthusiastic, bright, willing, and driven. NAI Mertz is pleased to have him on the team and looks forward to the accomplishments that will expectedly dot the next year of his career.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auctioneer License: Ten-X Arlene Richardson RE Broker RB068364. Ten-X Commercial Auction Firm AY002443, Auctioneer Arlene Richardson AU006275
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Expansive Flex Building with Strong Upside | 3190 Tremont Ave
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