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3875 Kensington Ave
Philadelphia, PA 19124
Retail Property For Sale
EXECUTIVE SUMMARY
3875 Kensington Avenue is a stabilized, multi-tenant automotive and industrial (IOS) investment located on prominent Kensington Avenue in the Harrowgate section of Philadelphia. The property contains approximately 14,807 SF of improvements on a 2.37-acre, fully fenced and paved lot.
The asset is leased to four separate automotive tenants producing $23,000 per month ($276,000 annually) in net income, offering an attractive 8.12% in-place cap rate at the asking price.
Property features include seven drive-thru doors, one drive-in door, 12’–13’ clear heights, multiple gated access points, and CMX-3 zoning, allowing for a wide range of commercial and industrial uses. The site benefits from excellent access to I-95, the Betsy Ross Bridge, and SEPTA transit, supporting long-term tenant demand and strong underlying land value.
The asset is leased to four separate automotive tenants producing $23,000 per month ($276,000 annually) in net income, offering an attractive 8.12% in-place cap rate at the asking price.
Property features include seven drive-thru doors, one drive-in door, 12’–13’ clear heights, multiple gated access points, and CMX-3 zoning, allowing for a wide range of commercial and industrial uses. The site benefits from excellent access to I-95, the Betsy Ross Bridge, and SEPTA transit, supporting long-term tenant demand and strong underlying land value.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
14,807 SF
Building Class
B
Year Built
1950
Price
$3,399,000
Price Per SF
$229.55
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.37 AC
Zoning
CMX3 - Community commercial mixed-use development
Parking
74 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 882171000 | Improvements Assessment | $466,410 |
| Land Assessment | $1,088,290 | Total Assessment | $1,554,700 |
PROPERTY TAXES
Parcel Number
882171000
Land Assessment
$1,088,290
Improvements Assessment
$466,410
Total Assessment
$1,554,700
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