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Located in the rapidly growing Harrowgate neighborhood, 1850 E Sedgley Avenue offers a prime investment opportunity. This expansive 54,916 square foot, three-story building sits on a 57,934 square foot lot and is zoned IRMX, providing a variety of options for redevelopment"”whether as multi-family units, commercial space, or a mix of both. Alternatively, the property can be leased out immediately for a strong return through a NNN lease. The property also includes a large parking lot of approximately 35,000-40,000 square feet, providing ample parking space for tenants or customers. This vast parking area offers significant development potential, either for additional buildings or other uses to complement the existing structure. There are 2 smaller income-generating garages on-site. A 1,150 square foot detached garage is rented for $1,000 per month, while an attached garage of about 1,000 square feet generates $1,500 per month. The water tower on the roof can be used for advertising. With flexible zoning, generous parking, and immediate cash flow from existing rentals, 1850 E Sedgley Avenue is a versatile property with excellent potential for both short-term income and long-term growth.
| DAYS ON MARKET | 12 | LAST UPDATED | 11/11/2024 |
|---|---|---|---|
| YEAR BUILT | 1922 | COMMUNITY | 19124 (19124) |
| COUNTY | PHILADELPHIA | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| APPLIANCES | Electric Water Heater |
|---|---|
| AREA | 19124 (19124) |
| LOT | 1.33 acre(s) |
| LOT DIMENSIONS | 301.00 x 193.00 |
| SEWER | Public Sewer |
| TAXES | 17132 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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