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432 W Allegheny Ave 86,415 SF 74% Leased Industrial Building Philadelphia, PA 19133 $9,968,400 CAD ($115.35 CAD/SF)
INVESTMENT HIGHLIGHTS
- 432 W Allegheny Avenue is a 72,270 SF Industrial Commercial Mixed-Use parcel located along Allegheny Avenue between the highly developing neighborhood
- Overbuild development opportunity to add residential units to the existing 86,415 SF building plus 2,500 SF ancillary building.
- The site is adjacent to Plaza Allegheny, which is a fully developed neighborhood shopping center.
- There parking to the east of the main building between the furniture store and the dental clinic and parking to the west with 38 space.
EXECUTIVE SUMMARY
432 W Allegheny Avenue is a overbuild development opportunity to add residential
units to the existing 86,415 SF building plus 2,500 SF ancillary building. The rents
from the current tenants, Acelero Learning and Legacy Furniture, would be used to
offset costs while developing the second floor of the building. If necessary, the space
occupied by Legacy Furniture can be delivered vacant. The small building to the
east, currently leased by a dental clinic, can be demolished for a parking and delivery
entrance to be developed for apartments above. ICMX zoning which doesn’t allow
residential development. Seller will work with Buyer to gain approvals for zoning
variance. The Seller owns the adjoining shopping center.
PARKING: There parking to the east of the main building between the furniture store
and the dental clinic and parking to the west with 38 space.
units to the existing 86,415 SF building plus 2,500 SF ancillary building. The rents
from the current tenants, Acelero Learning and Legacy Furniture, would be used to
offset costs while developing the second floor of the building. If necessary, the space
occupied by Legacy Furniture can be delivered vacant. The small building to the
east, currently leased by a dental clinic, can be demolished for a parking and delivery
entrance to be developed for apartments above. ICMX zoning which doesn’t allow
residential development. Seller will work with Buyer to gain approvals for zoning
variance. The Seller owns the adjoining shopping center.
PARKING: There parking to the east of the main building between the furniture store
and the dental clinic and parking to the west with 38 space.
PROPERTY FACTS
| Price | $9,968,400 CAD | Lot Size | 1.74 AC |
| Price Per SF | $115.35 CAD | Rentable Building Area | 86,415 SF |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Industrial | Year Built | 2018 |
| Property Subtype | Warehouse | Parking Ratio | 0.44/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | ICMX - primarily intended to accommodate commercial and low-impact industrial uses | ||
| Price | $9,968,400 CAD |
| Price Per SF | $115.35 CAD |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.74 AC |
| Rentable Building Area | 86,415 SF |
| No. Stories | 2 |
| Year Built | 2018 |
| Parking Ratio | 0.44/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | ICMX - primarily intended to accommodate commercial and low-impact industrial uses |
AMENITIES
- Restaurant
- Signage
- Storage Space
- Monument Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Floor
- 1,127 SF
- Retail
- -
- Now
Landlord to have right to take back space from Trillion Dollar
Former Pharmacy Space
- 1st Fl-Ste F
- 6,000-13,000 SF
- Retail
- Shell Space
- Now
- 1st Fl-Ste LL-2
- 2,600 SF
- Retail
- -
- Now
- 1st Fl-Ste LL-3
- 1,200 SF
- Retail
- -
- Now
- 1st Fl-Ste LL-5
- 1,127 SF
- Retail
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,127 SF | Retail | - | Now |
| 1st Fl-Ste A203 | 1,500-2,000 SF | Retail | Shell Space | Now |
| 1st Fl-Ste B2 | 1,000 SF | Retail | Shell Space | Now |
| 1st Fl-Ste F | 6,000-13,000 SF | Retail | Shell Space | Now |
| 1st Fl-Ste LL-2 | 2,600 SF | Retail | - | Now |
| 1st Fl-Ste LL-3 | 1,200 SF | Retail | - | Now |
| 1st Fl-Ste LL-5 | 1,127 SF | Retail | - | Now |
1st Floor
| Size |
| 1,127 SF |
| Space Use |
| Retail |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste A203
| Size |
| 1,500-2,000 SF |
| Space Use |
| Retail |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl-Ste B2
| Size |
| 1,000 SF |
| Space Use |
| Retail |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl-Ste F
| Size |
| 6,000-13,000 SF |
| Space Use |
| Retail |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl-Ste LL-2
| Size |
| 2,600 SF |
| Space Use |
| Retail |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste LL-3
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste LL-5
| Size |
| 1,127 SF |
| Space Use |
| Retail |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste A203
| Size | 1,500-2,000 SF |
| Space Use | Retail |
| Condition | Shell Space |
| Available | Now |
Landlord to have right to take back space from Trillion Dollar
1st Fl-Ste B2
| Size | 1,000 SF |
| Space Use | Retail |
| Condition | Shell Space |
| Available | Now |
Former Pharmacy Space
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 884605802 | Improvements Assessment | $1,691,931 CAD |
| Land Assessment | $725,113 CAD | Total Assessment | $2,417,045 CAD |
PROPERTY TAXES
Parcel Number
884605802
Land Assessment
$725,113 CAD
Improvements Assessment
$1,691,931 CAD
Total Assessment
$2,417,045 CAD
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432 W Allegheny Ave
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