Property
Philadelphia, PA 19137 2651 Wheatsheaf Lane
$749,000
Presented By: Keller Williams Main Line
SQFT • 37,108
SQFT • 37,108Home Details
This is a fully leased Industrial Outdoor Storage (IOS) parcel, leased to a tow operator. The 5 year NNN lease states that tenant pays property taxes. Landlord pays liability insurance ($675/yr). The 5-year NNN lease started April 2024 and has a Renewal option at landlords set rent for 5 years.
Expenses: Tenant pays taxes, insurance, maintenance, utilities, snow removal, etc.
This is a turnkey passive income play with built-in rent growth, perfect for 1031 buyers or investors who want simple mailbox money.
In-place Cap Rate 8.6% cap rate.
Presented By: Keller Williams Main Line
Interior Features for 2651 Wheatsheaf Lane
Other Interior Features
Central Air Y/NNo
Heating FuelOther
Heating Y/NYes
Hot WaterOther
General for 2651 Wheatsheaf Lane
AccessibilityNone
Association Recreation FeeN
Business TypeAuto Related
Cap Rate8.50
CityPHILADELPHIA
Construction MaterialsOther
Cool FuelOther
CoolingOther
CountyPHILADELPHIA
DirectionsTurn southeast on wheatsheaf lane from Aramingo
HeatingOther
Location TypeDowntown
Lot Size Square Feet37083.00
Lot Size UnitsSquare Feet
MLS Area19137 (19137)
MunicipalityPHILADELPHIA
Net Operating Income63597.00
New ConstructionNo
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG20.18
Property SubtypeLand for Commercial Use
Property TypeCommercial Sale
SewerOther
Standard StatusActive Under Contract
StatusACTIVE UNDER CONTRACT
Subdivision NamePORT RICHMOND
Tax Annual Amount15397.0
Tax Assessed Value1100000.0
Tax Lot19
Tax Year2025
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built2025
Year Built SourceEstimated
ZoningI2
Exterior for 2651 Wheatsheaf Lane
Building Area Total37108.00
Land Assessed Value1100000.00
Land Use CodeSI
Lot Dimensions152.00 x 99.00
Lot Size Acres0.85
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Road ResponsibilityBoro/Township
Total Loading Docks0
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourceOther
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
YOLANDA CASSIDY-BOGAN
Associate