2314-56 N American St 0.91 Acres of Industrial Land in Philadelphia, PA 19133

Claim a premier development site in Philadelphia’s vibrant West Kensington neighborhood at 2314 N American Street. Spanning a total of 0.91 acres with flexible industrial commercial mixed-use (ICMX) zoning, the site accommodates a range of development options.

The sale includes fully approved designs and plans for the creation of a four-story self-storage facility comprising 101,312 square feet, complete with accessory office space and on-site parking. This allows a new owner to leverage the well-connected location to capitalize on strong industry trends. Currently, the self-storage industry makes up over 2.1 billion square feet, which has grown by 14.1% over the past five years. Philadelphia ranked seventh across the country for self-storage development in 2024, with over 1.4 million square feet delivered and more than 10,500 monthly searches for self-storage units. The area’s outsized demand, coupled with unit rental rates that sit 14.3% above the national average, presents lucrative potential for the development of new inventory to serve this bustling metropolitan hub.

2314 N American Street enjoys prime placement at the corner of American and York Streets, with robust daily visibility to over 7,400 daily vehicles. Centrally tucked between Broad Street and Interstate 95, the site also ensures swift regional access for customers across the greater metro area. The location sits within a Designated Opportunity Zone, benefiting qualifying developments with access to substantial potential capital gains tax incentives.

Projects at 2314 N American Street will be able to leverage a strong demographic profile within 2 miles of the property. The area is home to a growing population of more than 242,000, with a daytime workforce of over 80,000. Annual spending in the region surpassed $2.1 billion during 2024, providing strong support for new businesses at the subject property.