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2314-56 N American St 0.91 Acres of Industrial Land in Philadelphia, PA 19133
Investment Highlights
- Premier 0.91-acre development site in West Kensington with flexible ICMX zoning permitting a wide range of diverse commercial uses.
- Philadelphia’s self-storage market has grown 14.1% over the past five years, with rental rates currently sitting 14.3% above the national average.
- Located within a Designated Opportunity Zone, providing qualifying developments access to substantial capital gains tax incentives.
- Prime frontage at the intersection of American and York Streets provides visibility to more than 7,400 vehicles daily and swift regional access.
- Fully approved designs and plans for a four-story, 101,312-square-foot self-storage facility with accessory office space and on-site parking.
- Demographics within a 2-mile radius include over 242,000 residents, an 80,000-person workforce, and $2.1 billion in annual regional spending.
Executive Summary
Claim a premier development site in Philadelphia’s vibrant West Kensington neighborhood at 2314 N American Street. Spanning 0.91 acres and zoned for flexible Industrial Commercial Mixed-Use (ICMX), the site accommodates a wide range of development possibilities.
The sale includes fully approved designs and plans for a four-story self-storage facility totaling 101,312 square feet, complete with accessory office space and on-site parking. This allows a new owner to capitalize on strong industry trends while leveraging the site’s well-connected location.
Currently, the self-storage industry comprises more than 2.1 billion square feet nationwide, representing 14.1% growth over the past five years. Philadelphia ranked seventh nationwide for self-storage development in 2024, with more than 1.4 million square feet delivered and over 10,500 monthly searches for self-storage units. The area’s outsized demand, coupled with unit rental rates that are 14.3% above the national average, presents a lucrative opportunity to develop new inventory to serve this bustling metropolitan hub.
2314 N American Street enjoys a prime corner location at N American and York Streets, with robust visibility to over 7,400 vehicles per day. Centrally positioned between Broad Street and Interstate 95, the site also ensures swift regional access for customers across the greater metro area. The property is also located within a Designated Opportunity Zone, providing qualifying developments access to substantial capital gains tax incentives.
Development at 2314 N American Street will be able to leverage a strong demographic profile within a 2-mile radius. The surrounding area is home to a growing population of more than 242,000 residents and a daytime workforce of more than 80,000. Annual spending in the region surpassed $2.1 billion in 2024, providing strong support for new commercial development at the site.
The sale includes fully approved designs and plans for a four-story self-storage facility totaling 101,312 square feet, complete with accessory office space and on-site parking. This allows a new owner to capitalize on strong industry trends while leveraging the site’s well-connected location.
Currently, the self-storage industry comprises more than 2.1 billion square feet nationwide, representing 14.1% growth over the past five years. Philadelphia ranked seventh nationwide for self-storage development in 2024, with more than 1.4 million square feet delivered and over 10,500 monthly searches for self-storage units. The area’s outsized demand, coupled with unit rental rates that are 14.3% above the national average, presents a lucrative opportunity to develop new inventory to serve this bustling metropolitan hub.
2314 N American Street enjoys a prime corner location at N American and York Streets, with robust visibility to over 7,400 vehicles per day. Centrally positioned between Broad Street and Interstate 95, the site also ensures swift regional access for customers across the greater metro area. The property is also located within a Designated Opportunity Zone, providing qualifying developments access to substantial capital gains tax incentives.
Development at 2314 N American Street will be able to leverage a strong demographic profile within a 2-mile radius. The surrounding area is home to a growing population of more than 242,000 residents and a daytime workforce of more than 80,000. Annual spending in the region surpassed $2.1 billion in 2024, providing strong support for new commercial development at the site.
Property Facts
| Sale Type | Investment or Owner User | Proposed Use | Warehouse |
| No. Lots | 1 | Total Lot Size | 0.91 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Industrial | ||
| Zoning | ICMX - Industrial Mixed Commercial | ||
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | Warehouse |
| Total Lot Size | 0.91 AC |
| Opportunity Zone |
Yes |
| Zoning | ICMX - Industrial Mixed Commercial |
1 Lot Available
Lot
| Lot Size | 0.91 AC |
| Lot Size | 0.91 AC |
Approved Storage Facility with design and plans in place.
Description
Lot on American and York
Walk Score®
Very Walkable (85)
Transit Score®
Excellent Transit (75)
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Philadelphia
1,584,138
2
0 h 6 m
New York
8,398,748
93
2 h 6 m
Washington
702,455
139
3 h 1 m
Boston
694,583
304
6 h 21 m
Columbus
892,533
475
9 h 13 m
Charlotte
872,498
538
10 h 41 m
Access and Labor Force
10 Miles
Total Population
2,275,807
Total Labor Force
1,176,723
Unemployment Rate
4.80%
Median Household Income
$67,668
Warehouse Employees
142,925
High School Education Or Higher
88.70%
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,872,220 | |
| Land Assessment | $1,159,700 | Total Assessment | $1,159,700 |
Property Taxes
Parcel Numbers
Land Assessment
$1,159,700
Improvements Assessment
$1,872,220
Total Assessment
$1,159,700
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2314-56 N American St