Homes for sale - 3204 VARE AVE, Philadelphia, PA 19145

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$2,500,000

Est. payment - /mo

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5,200 SqFt

Active

3204 VARE AVE Philadelphia, PA 19145

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Skip Tolley

skip@captainwaterfront.com +1(410) 935-7500

UPDATED:

12/20/2024 05:54 PM

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 5,200 sqft

Price per Sqft $480

Subdivision Philadelphia (South)

MLS Listing ID PAPH2424392

Originating Board BRIGHT

Year Built 1950

Annual Tax Amount $19,006

Tax Year 2024

Lot Size 0.550 Acres

Acres 0.55

Property Description

CONSTRUCTION HAS STARTED IN THE BELLWETHER DISTRICT. Get in at ground level! Amazing investment opportunity in the red-hot Bellwether District! Street-to-street access: Two parcels consisting of .55 acres. V sign lease income of $2,041.67 per month, 4 years left on the lease. The V sign may go digital, with double rent and value possibilities. In addition to rent, the sign company pays the seller $9,800 per year towards real estate taxes. There is a 5,200+/- warehouse with 1 spray booth, 1 large storage area, 2 lifts, 2 offices, a kitchen area, and 3 overhead doors. This property is nestled on one of the heaviest traffic counts in the City of Philadelphia by 676, and the Bellwether District is one of the Hottest growth areas in the City! Recent sales of adjacent properties will confirm the pricing.

Location

State PA

County Philadelphia

Area 19145 (19145)

Zoning I2

Interior

Hot Water Oil

Heating Baseboard - Electric, Other

Cooling Wall Unit

Inclusions Signage rental, possible cell phone tower lease

Heat Source Electric

Exterior

Garage Spaces 30.0

Water Access N

Accessibility None

Total Parking Spaces 30

Garage N

Building

Lot Description Additional Lot(s)

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 885566920, 882970205

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Listed by Michael A. Becker • KW Empower