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Listed by Nigel Richards • Compass Pennsylvania, LLC
$ 2,595,000
Est. payment | /mo
1.32 Acres Lot
$ 2,595,000
Est. payment | /mo
1.32 Acres Lot
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Subdivision Harrowgate
MLS Listing ID PAPH2643930
HOA Y/N N
Year Built 1915
Annual Tax Amount $24,649
Tax Year 2025
Lot Size 1.319 Acres
Acres 1.32
Lot Dimensions 118.00 x 487.00
Property Sub-Type Industrial
Source BRIGHT
Property Description
90,000+ SF | Sale or Lease | Approved Expansion | Subdivision Potential
An exceptional opportunity to acquire one of Philadelphia's most distinctive industrial redevelopment campuses. Encompassing more than 90,000 square feet across two interconnected reinforced concrete buildings, this historic property occupies a highly visible corner along heavily traveled Allegheny Avenue in one of Philadelphia's fastest-evolving industrial and commercial corridors.
With demand for adaptive reuse projects, industrial flex campuses, and self-storage conversions continuing to grow throughout the region, this property presents an outstanding opportunity for developers, investors, owner-users, or institutional operators seeking a large-scale redevelopment or long-term investment.
The campus consists of:
• A 31,500 SF three-story reinforced concrete building fronting Allegheny Avenue featuring approximately 17-foot ceilings on every floor, abundant natural light, and spectacular Center City skyline views from the upper level.
• An adjoining 56,000 SF two-story mushroom-column industrial building offering approximately 15-foot ceilings on the first floor, nearly 19-foot ceilings on the second floor, and an oversized interior drive-in loading bay accessed directly from C Street.
Approximately 15,000 square feet of the second floor was impacted by a historic fire prior to the current ownership. All fire-damaged materials have been professionally removed and the building has been fully cleaned, providing a clear foundation for future redevelopment.
Constructed of reinforced concrete and steel, the property offers the heavy floor loads, wide structural bays, and industrial character increasingly sought after for modern adaptive reuse projects.
The property is zoned I-2 and benefits from a recently approved Philadelphia zoning permit authorizing the construction of an additional building above an existing attached structure. The zoning approval also permits retail sales of building supplies and equipment together with wholesale, distribution, storage, and equipment/material storage uses, providing significant future development flexibility. The approved plans also include 38 surface parking spaces, including accessible parking, along with 12 bicycle parking spaces.
Potential uses include:
Self-storage conversion
Multi-tenant industrial campus
Contractor headquarters
Manufacturing
Warehouse and distribution
Creative office
Showrooms
Food production
Fitness and recreational facilities
Educational or maker spaces
Last-mile logistics
Mixed industrial flex redevelopment
The existing layout also offers the ability to subdivide portions of the campus for multiple tenants or phased redevelopment, allowing investors to create diverse income streams while preserving future expansion opportunities.
Environmental remediation has already been completed, including the removal, closure, and regulatory certification of former underground storage tanks, providing purchasers with confidence as they move toward redevelopment or occupancy.
The property sits just two blocks from the highly successful D Street Studios adaptive reuse project, illustrating the continued transformation of this section of Philadelphia into a thriving destination for creative businesses, light manufacturing, entrepreneurs, and industrial users. It also enjoys immediate access to I-95, the Delaware waterfront, Port Richmond, Fishtown, Northern Liberties, Center City, and the region's major transportation corridors.
Whether your vision is a flagship owner-user headquarters, a high-performing self-storage facility, a multi-tenant industrial campus, or Philadelphia's next successful adaptive reuse project, this rare offering provides the scale, infrastructure, approved development potential, and location to bring that vision to life.
An exceptional opportunity to acquire one of Philadelphia's most distinctive industrial redevelopment campuses. Encompassing more than 90,000 square feet across two interconnected reinforced concrete buildings, this historic property occupies a highly visible corner along heavily traveled Allegheny Avenue in one of Philadelphia's fastest-evolving industrial and commercial corridors.
With demand for adaptive reuse projects, industrial flex campuses, and self-storage conversions continuing to grow throughout the region, this property presents an outstanding opportunity for developers, investors, owner-users, or institutional operators seeking a large-scale redevelopment or long-term investment.
The campus consists of:
• A 31,500 SF three-story reinforced concrete building fronting Allegheny Avenue featuring approximately 17-foot ceilings on every floor, abundant natural light, and spectacular Center City skyline views from the upper level.
• An adjoining 56,000 SF two-story mushroom-column industrial building offering approximately 15-foot ceilings on the first floor, nearly 19-foot ceilings on the second floor, and an oversized interior drive-in loading bay accessed directly from C Street.
Approximately 15,000 square feet of the second floor was impacted by a historic fire prior to the current ownership. All fire-damaged materials have been professionally removed and the building has been fully cleaned, providing a clear foundation for future redevelopment.
Constructed of reinforced concrete and steel, the property offers the heavy floor loads, wide structural bays, and industrial character increasingly sought after for modern adaptive reuse projects.
The property is zoned I-2 and benefits from a recently approved Philadelphia zoning permit authorizing the construction of an additional building above an existing attached structure. The zoning approval also permits retail sales of building supplies and equipment together with wholesale, distribution, storage, and equipment/material storage uses, providing significant future development flexibility. The approved plans also include 38 surface parking spaces, including accessible parking, along with 12 bicycle parking spaces.
Potential uses include:
Self-storage conversion
Multi-tenant industrial campus
Contractor headquarters
Manufacturing
Warehouse and distribution
Creative office
Showrooms
Food production
Fitness and recreational facilities
Educational or maker spaces
Last-mile logistics
Mixed industrial flex redevelopment
The existing layout also offers the ability to subdivide portions of the campus for multiple tenants or phased redevelopment, allowing investors to create diverse income streams while preserving future expansion opportunities.
Environmental remediation has already been completed, including the removal, closure, and regulatory certification of former underground storage tanks, providing purchasers with confidence as they move toward redevelopment or occupancy.
The property sits just two blocks from the highly successful D Street Studios adaptive reuse project, illustrating the continued transformation of this section of Philadelphia into a thriving destination for creative businesses, light manufacturing, entrepreneurs, and industrial users. It also enjoys immediate access to I-95, the Delaware waterfront, Port Richmond, Fishtown, Northern Liberties, Center City, and the region's major transportation corridors.
Whether your vision is a flagship owner-user headquarters, a high-performing self-storage facility, a multi-tenant industrial campus, or Philadelphia's next successful adaptive reuse project, this rare offering provides the scale, infrastructure, approved development potential, and location to bring that vision to life.
Location
State PA
County Philadelphia
Area 19134 (19134)
Zoning I2
Interior
Hot Water None
Heating None
Cooling None
Flooring Concrete
Heat Source None
Exterior
Garage Spaces 36.0
Water Access N
Accessibility Other
Total Parking Spaces 36
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 884526100
Ownership Fee Simple
Acceptable Financing Cash, Industrial Development Authority, Negotiable
Listing Terms Cash, Industrial Development Authority, Negotiable
Financing Cash,Industrial Development Authority,Negotiable
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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