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1850 E Sedgley Ave 54,915 SF 100% Leased Industrial Building Philadelphia, PA 19124 $3,800,000 ($69.20/SF)
EXECUTIVE SUMMARY
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 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.
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 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.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$378,000
|
$6.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$16,200
|
$0.30
|
| Effective Gross Income |
$361,800
|
$6.59
|
| Taxes |
$19,218
|
$0.35
|
| Operating Expenses |
$27,000
|
$0.49
|
| Total Expenses |
$46,218
|
$0.84
|
| Net Operating Income |
$315,582
|
$5.75
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $378,000 |
| Annual Per SF | $6.88 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $16,200 |
| Annual Per SF | $0.30 |
| Effective Gross Income | |
|---|---|
| Annual | $361,800 |
| Annual Per SF | $6.59 |
| Taxes | |
|---|---|
| Annual | $19,218 |
| Annual Per SF | $0.35 |
| Operating Expenses | |
|---|---|
| Annual | $27,000 |
| Annual Per SF | $0.49 |
| Total Expenses | |
|---|---|
| Annual | $46,218 |
| Annual Per SF | $0.84 |
| Net Operating Income | |
|---|---|
| Annual | $315,582 |
| Annual Per SF | $5.75 |
PROPERTY FACTS
AMENITIES
- Fenced Lot
- Roof Terrace
- Storage Space
UTILITIES
- Water - City
- Sewer - City
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 2nd Floor
- 18,305 SF
- Industrial
- Partial Build-Out
- 30 Days
- 3rd Floor
- 18,305 SF
- Industrial
- Partial Build-Out
- 30 Days
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 18,305 SF | Industrial | Partial Build-Out | 30 Days |
| 2nd Floor | 18,305 SF | Industrial | Partial Build-Out | 30 Days |
| 3rd Floor | 18,305 SF | Industrial | Partial Build-Out | 30 Days |
1st Floor
| Size |
| 18,305 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| 30 Days |
2nd Floor
| Size |
| 18,305 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| 30 Days |
3rd Floor
| Size |
| 18,305 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| 30 Days |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 18,305 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | 30 Days |
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Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 884844700 | Total Assessment | $1,372,900 (2026) |
| Land Assessment | $411,870 (2026) | Annual Taxes | $19,218 ($0.35/SF) |
| Improvements Assessment | $961,030 (2026) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
884844700
Land Assessment
$411,870 (2026)
Improvements Assessment
$961,030 (2026)
Total Assessment
$1,372,900 (2026)
Annual Taxes
$19,218 ($0.35/SF)
Tax Year
2024
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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