Located just off Torresdale Ave and I-95, 4726 Blakiston St is a large warehouse and office space in excellent condition, ideal for a variety of uses. It's currently leased for 2-3 years by a medical supply company. The main entrance leads to an open office space that fits 3+ desks and a bathroom. A door opens to the large warehouse that has soaring ceilings, industrial shelving and truck-sized garage doors, accessible from Blakiston St at the front and a driveway at the rear. There's also a second bathroom and stairs leading to a conference room above the office. This fantastic Holmesburg location is less than 5 minutes from I-95, plus there's easy access to public transit, Frankford Ave, Cottman Ave, Rt-1, and South Jersey. Schedule your tour today
Investment Highlights: Lease Structure: Fully Absolute Triple Net (NNN) Lease--tenant pays real estate taxes, property maintenance, utilities, and all City of Philadelphia business expenses. Tenant: Stable, established business with a 3-year lease in place. Annual Net Operating Income (NOI): $50,000+
Cap Rate: Over 6.39%--excellent return in a high-demand market.
Ideal For: Investors seeking a strong passive income property with excellent long-term appreciation potential. Business owners who are looking for high-quality flex space in a strategic Northeast. Philadelphia location to occupy in the near term.
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Location
4726 BLAKISTON STREET, PHILADELPHIA, PA 19136
Status
Sold
Property Amenities
Interior
AppliancesElectric Water Heater
Area & Lot
Lot Area7,638 Sq.Ft.
MLS® IDPAPH2549656
Year Built1948
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
TypeCommercial
StatusSold
Exterior
Air conditioningOther, Electric
Heat typeElectric, Other
Water SourcePublic
SewerPublic Sewer
ParkingParking Lot
Finance
Sales Price$631,250
Real Estate Tax$5,064 yearly
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