Property

Philadelphia, PA 19145 3204 Vare Avenue

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Presented By: KW Empower
  • MLS# PAPH2424392
  • 12/02/2024
  • Request Tour
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Home Details

Construction has started in the red-hot Bellwether Districtget in at ground level! This rare investment opportunity includes two street-to-street parcels totaling 0.55 acres with built-in income and major upside. The 4,800 sq ft warehouse is currently leased on a yearly basis for $4,500/month and includes a kitchen area, and three overhead doors. A V-sign on the property generates $2,041.67/month with four years left on the lease, and the sign company pays an additional $9,800 annually toward real estate taxes. Even better, there's potential to go digitaldoubling both the rent and the value. Situated along one of Philadelphias highest traffic corridors near I-676, this property is surrounded by major growth, with nearby sales confirming the price. Dont miss your chance to own a cash-flowing asset in one of the citys most rapidly developing areas.
Presented By: KW Empower

Interior Features for 3204 Vare Avenue

Other Interior Features

Central Air Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterOil

General for 3204 Vare Avenue

AccessibilityNone
Business TypeParking Lot, Warehouse
CityPHILADELPHIA
Construction MaterialsMixed
Cool FuelElectric
CoolingWall Unit
CountyPHILADELPHIA
Directions76 east to Vare Ave.
Electric440 Volts
HeatingBaseboard - Electric, Other
Lot Size Square Feet23958.00
Lot Size UnitsSquare Feet
MLS Area19145 (19145)
MunicipalityPHILADELPHIA
New ConstructionNo
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG384.62
Property SubtypeIndustrial
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NamePHILADELPHIA (SOUTH)
Tax Annual Amount13971.0
Tax Assessed Value998085.0
Tax Year2025
Vacation Rental Y/NNo
Water Access 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 Value998085.00
Lot Dimensions
Lot FeaturesAdditional Lot(s)
Lot Size Acres0.55
Lot Size SourceEstimated
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
Waterfront Y/NNo

Additional Details

Price History

Brian Lee

Associate
Price $2,000,000
MLS#PAPH2424392
List Date 12/02/2024
Property Type Commercial
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