3204 VARE AVE Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19145
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 5,200 sqft
Price per Sqft $769
Subdivision Philadelphia (South)
MLS Listing ID PAPH2291850
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $9,787
Tax Year 2024
Lot Size 0.378 Acres
Acres 0.38
Property Description
CONSTRUCTION HAS STARTED IN THE BELL WETHER DISTRICT. Get in at ground level! Amazing investment opportunity in the red hot Bellwether District! Street to Street access, Two parcels that consists of .55 acres. V sign lease income of $2,041.67 per month, 5 years left on lease. The V sign may go digital, with possibilities of double rent and value. In addition to rent , the sign company pays the seller $9,800 per year towards real estate taxes. There is a 5,200+/- warehouse with 1 spray booth , 1 large storage area, 2 lifts, 2 offices, kitchen area and 3 overhead doors. This property is nestled on one of the heaviest traffic counts in the City of Philadelphia nestled by 676 and the Bellwether District is one of the Hottest growth areas in the City! Recent sales of adjacent properties will confirm pricing.
Location
State PA
County Philadelphia
Area 19145 (19145)
Zoning I2
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Wall Unit
Inclusions Signage rental, possible cell phone tower lease
Heat Source Electric
Exterior
Garage Spaces 30.0
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 30
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 885566920, 882970205
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard