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1621 N American St
Philadelphia, PA 19122
Industrial Property For Sale
Executive Summary
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.
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 Facts
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1965 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | Clear Ceiling Height | 16’ |
| Lot Size | 0.17 AC | No. Drive In / Grade-Level Doors | 6 |
| Rentable Building Area | 6,700 SF | Opportunity Zone |
Yes
|
| Zoning | ICMX - ICMX zoning (Industrial-Commercial Mixed Use) — broad commercial + low-impact industrial uses; great flexibility for maker, showroom, studio, creative | ||
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.17 AC |
| Rentable Building Area | 6,700 SF |
| No. Stories | 1 |
| Year Built | 1965 |
| Tenancy | Single |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 6 |
| Opportunity Zone |
Yes |
| Zoning | ICMX - ICMX zoning (Industrial-Commercial Mixed Use) — broad commercial + low-impact industrial uses; great flexibility for maker, showroom, studio, creative |
Utilities
- Water - City Water
- Sewer - City Sewer
Property Taxes
| Parcel Number | 884590705 | Improvements Assessment | $298,690 |
| Land Assessment | $128,010 | Total Assessment | $426,700 |
Property Taxes
Parcel Number
884590705
Land Assessment
$128,010
Improvements Assessment
$298,690
Total Assessment
$426,700
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