MLS#PAPH2634800
STATUSACTIVE
PROPERTY TYPECommercial - Industrial
SUBDIVISIONFISHTOWN
SCHOOLTHE SCHOOL DISTRICT OF PHILADELPHIA
Property Description
The property consists of a ±6,700 SF masonry shell structure with six rollup doors fronting N. American Street. Exterior walls and doors are fully intact; the building is open to the sky — no roof — priced accordingly. ICMX zoning supports flex, light industrial, creative commercial, mixed-use, and residential development. OWNER-USER PATH: Invest $250,000–$300,000 in a roof and core buildout and own ±6,700 SF of ground-floor warehouse/flex space on American Street at a total basis well below replacement cost. INVESTOR PATH: The garage bay configuration and American Street frontage support a compelling mixed-use income strategy: • 3 glass-front storefronts facing American Street — est. $2,200/mo each • 3 rear garage/flex bays — est. $1,300/mo each • Projected gross income: $10,500/mo | $126,000/yr Estimated total project cost $1.2M. Estimated stabilized value $1.4M–$1.6M at market cap rates. Surrounded by new residential construction, breweries, creative studios, and growing commercial activity. Adjacent to the Loading building. Minutes from Fishtown, Northern Liberties, and Northern Philadelphia's major growth nodes. All projections are estimates. Buyer to independently verify renovation costs, achievable rents, and zoning compliance. Sold as-is.
Property Features
Property Type: Commercial - Industrial
Cooling: None
Fuel Type: Electric
Lot Size: 0.64 Acres
Roof Type: Flat
Taxes: $2,380
Year Built: 1932
Feature Descriptions
Days on Site: 2
Electric: 200+ Amp Service
Exterior: Brick, Masonry
Flooring: Heavy Duty
Lot Dimensions: 0.64 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Total Garage/Parking Spaces: 0
Utilities: Water Available, Sewer Available, Electric Available
Water: Public
Local Schools
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Listed By / Shown By
Listed By
Agency Name: Keller Williams Main Line
Agency Phone: 6105200100
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
1621 N American Street | MLS# PAPH2634800
This commercial property located at 1621 N American Street , Philadelphia, PA 19122 is currently listed for sale with an asking price of $995,000. N American Street is located within the THE SCHOOL DISTRICT OF PHILADELPHIA school district. Search Philadelphia real estate on www.realtymark.net today.