5101 Harlan Street Philadelphia, PA 19131 Municipality: Philadelphia

Industrial Residence

Beds

Baths

5,000 Sq. Ft.

0.11 Acre Lot

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 11/26/2024 7:31 AM

Listing Details

Introducing an exceptional investment opportunity: a roughly 5,000-square-foot warehouse for sale, just a block off Lancaster Ave and situated in a Qualified Opportunity Zone (QOZ)! This property is currently configured into eight spacious garage units, each rented out individually. With tall ove...rhead doors and impressive high ceilings, these large units offer plenty of room for a variety of uses. Presently, all units are leased on a month-to-month basis at significantly below-market rates. Current market rents hover around $700 per unit, translating to an impressive potential income of over $67,000 per year. Seize this amazing chance to elevate your investment strategyâeither increase rents for immediate cash flow or vacate the building for your personal use, or mix and match both approaches! But thatâs not allâyou're also land banking a prime parcel in an up-and-coming neighborhood. With a new construction apartment complex already underway just two blocks away and a proposed 25-unit apartment building directly across the street, the growth potential for this area is undeniable. Donât miss out on this fantastic opportunity to invest in a property with both immediate returns and long-term value! Continue reading

MLS#

PAPH2415020

Property Type

Industrial

Year Built

1925

Square Feet

5,000 sq. ft

Price per Sq. Ft.

$110.00

Lot Size

0.11