1850 E Sedgley Avenue Philadelphia, PA 19124 Municipality: Philadelphia

Industrial Residence

Beds

Baths

57,934 Sq. Ft.

1.33 Acre Lot

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 11/13/2024 2:13 PM

Listing Details

Located in the rapidly growing Harrowgate neighborhood, 1850 E Sedgley Avenue offers a prime investment opportunity. This expansive 54,916 square foot, three-story building sits on a 57,934 square foot lot and is zoned IRMX, providing a variety of options for redevelopmentâwhether as multi-family un...its, commercial space, or a mix of both. Alternatively, the property can be leased out immediately for a strong return through a NNN lease. The property also includes a large parking lot of approximately 35,000-40,000 square feet, providing ample parking space for tenants or customers. This vast parking area offers significant development potential, either for additional buildings or other uses to complement the existing structure. There are 2 smaller income-generating garages on-site. A 1,150 square foot detached garage is rented for $1,000 per month, while an attached garage of about 1,000 square feet generates $1,500 per month. The water tower on the roof can be used for advertising. With flexible zoning, generous parking, and immediate cash flow from existing rentals, 1850 E Sedgley Avenue is a versatile property with excellent potential for both short-term income and long-term growth. Continue reading

MLS#

PAPH2418190

Property Type

Industrial

Year Built

1922

Square Feet

57,934 sq. ft

Lot Size

1.33

Sewer

Public Sewer