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1621 N AMERICAN STREET
1621 N AMERICAN STREET
1621 N AMERICAN STREET
1621 N AMERICAN STREET
1621 N AMERICAN STREET
1621 N AMERICAN STREET
1621 N AMERICAN STREET
1621 N AMERICAN STREET
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$995,000

1621 N AMERICAN STREET

6,700 Sq.Ft. 0.64 Acres

Description

The property consists of a +-6,700 SF masonry shell structure with six rollup doors fronting N.
American Street. Exterior walls and doors are fully intact; the building is open to the sky -- no
roof -- priced accordingly. ICMX zoning supports flex, light industrial, creative commercial,
mixed-use, and residential development.
OWNER-USER PATH: Invest $250,000-$300,000 in a roof and core buildout and own +-6,700
SF of ground-floor warehouse/flex space on American Street at a total basis well below
replacement cost.
INVESTOR PATH: The garage bay configuration and American Street frontage support a
compelling mixed-use income strategy:
* 3 glass-front storefronts facing American Street -- est. $2,200/mo each
* 3 rear garage/flex bays -- est. $1,300/mo each
* Projected gross income: $10,500/mo | $126,000/yr
Estimated total project cost $1.2M. Estimated stabilized value $1.4M-$1.6M at market cap
rates.

Surrounded by new residential construction, breweries, creative studios, and growing
commercial activity. Adjacent to the Loading building. Minutes from Fishtown, Northern
Liberties, and Northern Philadelphia's major growth nodes.
All projections are estimates. Buyer to independently verify renovation costs, achievable rents,
and zoning compliance. Sold as-is.

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Location

1621 N AMERICAN STREET, PHILADELPHIA, PA 19122

Status

For Sale

Property Amenities

Interior
Appliances Gas Water Heater
Area & Lot
Total area 6,700 Sq.Ft.
Lot Area 0.64 Acres
Living area 6,700 Sq.Ft.
MLS® ID PAPH2634800
Year Built 1932
School District THE SCHOOL DISTRICT OF PHILADELPHIA
Type Commercial
Status For Sale
Exterior
Air conditioning None
Heat type Electric, Other
Water Source Public
Sewer Public Sewer
Parking None
Roof Flat
Utilities Water Available, Sewer Available, Electricity Available
Finance
Sales Price $995,000
Real Estate Tax $2,380 yearly
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Thank you for your interest in 1621 N AMERICAN STREET, PHILADELPHIA, PA 19122. We are reviewing your request and will be in touch shortly!

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