Property
Philadelphia, PA 19145 3204 Vare Avenue
$4,000,000
11 more
Presented By: KW Empower
Home Details
Amazing investment opportunity in the red hot Bellwether District! Street to Street access, Two parcels that consists of .55 acre. V sign lease income of $2041.67 per month, 6 years left on lease. The V sign may go digital, with possibilities of double rent and value. 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, kitchen area and 3 overhead doors. This property is nestled on one of the heaviest traffic counts in the City of Philadelphia and the Bellwether District is one of the Hottest growth areas in the City! Recent sales of adjacent properties will confirm pricing.
Presented By: KW Empower
Interior Features for 3204 Vare Avenue
Other Interior Features
Central Air Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterNatural Gas
Street SuffixAVENUE
General for 3204 Vare Avenue
AccessibilityNone
Business TypeParking Lot, Warehouse
Buyer Agent Compensation2.5
Buyer Agent Compensation Type% Of Gross
CityPHILADELPHIA
Construction MaterialsMixed
Cool FuelNatural Gas
CoolingWall Unit
CountyPHILADELPHIA
Days on Market206
Directions76 east to Vare Ave.
HeatingBaseboard - Electric
Lot Size Square Feet16481.00
MLS Area19145 (19145)
ModificationTimestamp2024-05-18T12:26:16
MunicipalityPHILADELPHIA
New ConstructionNo
Percent OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total769.23
Property SubTypeIndustrial
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Street NameVARE
Subdivision NamePHILADELPHIA (SOUTH)
Tax Annual Amount9787.0
Tax Assessed Value699200.0
Tax Year2023
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1950
Year Built SourceEstimated
ZoningI2
Exterior for 3204 Vare Avenue
Building Area Total5200.00
Car Parking Spaces30
InclusionsSignage rental, possible cell phone tower lease
Land Assessed Value699200.00
Lot Dimensions
Lot Size Acres0.38
Lot Size SourceAssessor
Lot Size UnitsSquare Feet
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces30
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Godfred Appiah
Associate