3204 VARE AVE, Philadelphia, PA 19145
3204 VARE AVE, Philadelphia, PA 19145
3204 VARE AVE, Philadelphia, PA 19145
3204 VARE AVE, Philadelphia, PA 19145
3204 VARE AVE, Philadelphia, PA 19145
3204 VARE AVE, Philadelphia, PA 19145
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Brian Foraker

Brian Foraker

+1(302) 420-4616
Listed by Michael A. Becker • KW Empower
$ 2,000,000
Est. payment | /mo

0.55 Acres Lot

Save
$ 2,000,000
Est. payment | /mo
Save

0.55 Acres Lot

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Pending

Purchase Type For Sale

Subdivision Philadelphia (South)

MLS Listing ID PAPH2424392

Year Built 1950

Annual Tax Amount $13,971

Tax Year 2025

Lot Size 0.550 Acres

Acres 0.55

Property Sub-Type Industrial

Source BRIGHT

Property Description

Construction has begun in the rapidly developing Bellwether District. This property offers a rare investment opportunity featuring two street-to-street parcels totaling approximately 0.55 acres with multiple income streams.The ±4,800 SF warehouse is leased on a yearly basis for $4,500 per month and includes a kitchen area and three overhead doors. The adjoining lot is rented for $1,500 per month. In addition, a V-sign on the property produces $2,041.67 per month, with approximately 3.5 years remaining on the lease. The sign company also contributes $9,800 annually toward real estate taxes.Total monthly income is $8,041, with $9,800 per year in tax reimbursement. There is potential to convert the sign to digital, which could significantly increase rent and property value.Located along one of Philadelphia's highest-traffic corridors near I-676, this property is positioned for continued growth and long-term appreciation within the expanding Bellwether District.

Location

State PA

County Philadelphia

Area 19145 (19145)

Zoning I2

Interior

Hot Water Oil

Heating Baseboard - Electric, Other

Cooling Wall Unit

Inclusions Signage rental, possible cell phone tower lease

Heat Source Electric

Exterior

Garage Spaces 30.0

Water Access N

Accessibility None

Total Parking Spaces 30

Garage N

Building

Lot Description Additional Lot(s)

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 885566920, 882970205

Ownership Fee Simple

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

Brian Foraker

+1(302) 420-4616

brian@forakersales.com

135 E State St, United States

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3204 VARE AVE

 
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