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DETAILS
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Highlights
Large Flex/Warehouse Building
4-Car Garage Outbuilding
Multi-Tenant Property (Currently configured as 6 tenants)
Significant owner-occupant space
High visibility location with over 50,000 vehicles driving by per day
Two access gates on W. Passyunk Ave
Three access gates on S. 61st St
Two Drive-in Entrances:
14’ x 14’ and 10’ x 10’ with roll-up doors, 16’ clear-height ceilings, capable of servicing tractor trailers
1.4 Total Acres
Lot size: 60,078 Sq Ft, 1.38 Acres
Building size: 8,160 Sq Ft
Ceiling Height: 16+ Ft.
Possession: Immediate
Lease Type: Multi-tenant warehouse all on month-to-month or less-than-one-year leases
Price: $5.5 Million, including equipment
I-3, permitted industrial uses including automotive and heavy industrial
Introducing 6123 W Passyunk Avenue, a rare 1.4-acre industrial property with I-3 zoning and an 8,400 sq ft flex/warehouse. The building offers an exceptional opportunity in a surging area of the Philadelphia industrial market. This prime location on W Passyunk Ave offers easy access to major transportation hubs, including I-76, Philadelphia International Airport, and the growing epicenter of Philadelphia industrial.
A surge of recent activity in the area is demonstrating the tremendous value this pocket of the city can provide for a variety of business and logistic uses. The property sits just across the river from the newBellwether District, a 17.5 million-square-foot industrial and life sciences project at the former site of the Philadelphia EnergySolutions refinery. Right across the street, the new 5-acre soil recycling facility project by Alterrais is well underway. The Philadelphia Navy Yard complex is 10 minutes away. The property has direct access from both W. Passyunk Ave and S. 61st St, providing high visibility with over 64,000 vehicles per day along Passyunk Ave and 52,000 vehicles per day along 61st St.
With other anchor industrial businesses all around, this area is bustling with development and is on track to being a key hub in the future of Philadelphia’s industrial market. This multi-tenant property generates $28k-$36k in monthly rental income and substantial potential to increase rents. It is configured for both rental income and owner use, with a mix of month-to-month tenants and owner-occupied spaces, offering flexibility for future development. The main building includes a front office, two drive-in entrances (14' x 14' and 10' x 10') with roll-up doors, and a spacious garage/warehouse with 16' clear-height ceilings, ideal for a variety of industrial uses.
The property also features two apartments, a rear garage/warehouse, and a detached four-car garage for additional storage or workspace. Recent upgrades have generated additional value, including newly coated roofs (2022) and replaced Central A/C and heating systems throughout. There are three electric service meters, one being 3-phase, and the property includes two 80-gallon water heaters. Additionally, it is well-equipped with an in-ground lift operated by air compressor, three above-ground lifts (approx. 11,000 lb capacity), and three floating I-beam rail hoists (with capacities ranging from 30-40 tons), perfect for heavy-duty operations.
Trailer offices are included in the sale, and the property offers flexibility for various business needs. Phase I and II environmental reports are available during the due diligence period. This industrial property, with its extensive features and prime location, presents a unique opportunity for investors or business owners looking to capitalize on the area's growth and connectivity.