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3875 KENSINGTON AVENUE
3875 KENSINGTON AVENUE
3875 KENSINGTON AVENUE
3875 KENSINGTON AVENUE
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$3,399,000

3875 KENSINGTON AVENUE

Description

3875 Kensington Avenue is a stabilized, multi-tenant automotive and industrial (IOS) investment located on prominent Kensington Avenue in the Harrowgate section of Philadelphia. The property contains approximately 14,807 SF of improvements on a 2.37-acre, fully fenced and paved lot.
The asset is leased to four separate automotive tenants producing $23,000 per month ($276,000 annually) in net income, offering an attractive 8.12% in-place cap rate at the asking price.
Property features include seven drive-thru doors, one drive-in door, 12'-13' clear heights, multiple gated access points, and CMX-3 zoning, allowing for a wide range of commercial and industrial uses. The site benefits from excellent access to I-95, the Betsy Ross Bridge, and SEPTA transit, supporting long-term tenant demand and strong underlying land value.

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Location

3875 KENSINGTON AVENUE, PHILADELPHIA, PA 19124

Status

For Sale

Property Amenities

Interior
Appliances Gas Water Heater
Area & Lot
Lot Area 2.37 Acres
MLS® ID PAPH2569182
Year Built 1950
School District PHILADELPHIA CITY
Type Commercial
Status For Sale
Exterior
Air conditioning Central Air, Electric
Heat type Natural Gas, Forced Air
Water Source Public
Sewer Public Sewer
Parking Parking Lot
Finance
Sales Price $3,399,000
Real Estate Tax $21,762 yearly
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Thank you for your interest in 3875 KENSINGTON AVENUE, PHILADELPHIA, PA 19124. We are reviewing your request and will be in touch shortly!

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