Log In/Sign Up
Your email has been sent.
3875 Kensington Ave 14,807 SF Retail Building Philadelphia, PA 19124 $4,637,936 CAD ($313.23 CAD/SF)
Executive Summary
3875 Kensington Avenue is a stabilized, multi-tenant automotive and industrial (IOS) investment located on prominent Kensington Avenue in the Harrowgate section of Philadelphia. The property contains approximately 14,807 SF of improvements on a 2.37-acre, fully fenced and paved lot.
The asset is leased to four separate automotive tenants producing $23,000 per month ($276,000 annually) in net income, offering an attractive 8.12% in-place cap rate at the asking price.
Property features include seven drive-thru doors, one drive-in door, 12’–13’ clear heights, multiple gated access points, and CMX-3 zoning, allowing for a wide range of commercial and industrial uses. The site benefits from excellent access to I-95, the Betsy Ross Bridge, and SEPTA transit, supporting long-term tenant demand and strong underlying land value.
The asset is leased to four separate automotive tenants producing $23,000 per month ($276,000 annually) in net income, offering an attractive 8.12% in-place cap rate at the asking price.
Property features include seven drive-thru doors, one drive-in door, 12’–13’ clear heights, multiple gated access points, and CMX-3 zoning, allowing for a wide range of commercial and industrial uses. The site benefits from excellent access to I-95, the Betsy Ross Bridge, and SEPTA transit, supporting long-term tenant demand and strong underlying land value.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
14,807 SF
Building Class
B
Year Built
1950
Price
$4,637,936 CAD
Price Per SF
$313.23 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.37 AC
Zoning
CMX3 - Community commercial mixed-use development
Parking
74 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Walk Score®
Very Walkable (89)
Nearby Major Retailers
Property Taxes
| Parcel Number | 882171000 | Improvements Assessment | $638,189 CAD |
| Land Assessment | $1,489,107 CAD | Total Assessment | $2,127,296 CAD |
Property Taxes
Parcel Number
882171000
Land Assessment
$1,489,107 CAD
Improvements Assessment
$638,189 CAD
Total Assessment
$2,127,296 CAD
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
3875 Kensington Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.