Log In/Sign Up
Your email has been sent.
432 W Allegheny Ave 86,415 SF 81% Leased Industrial Building Philadelphia, PA 19133 $7,200,000 ($83.32/SF)
INVESTMENT HIGHLIGHTS
- 432 W Allegheny Avenue is a 72,270 SF Industrial Commercial Mixed-Use parcel located along Allegheny Avenue between the highly developing neighborhood
- Overbuild development opportunity to add residential units to the existing 86,415 SF building plus 2,500 SF ancillary building.
- The site is adjacent to Plaza Allegheny, which is a fully developed neighborhood shopping center.
- There parking to the east of the main building between the furniture store and the dental clinic and parking to the west with 38 space.
EXECUTIVE SUMMARY
432 W Allegheny Avenue is a overbuild development opportunity to add residential
units to the existing 86,415 SF building plus 2,500 SF ancillary building. The rents
from the current tenants, Acelero Learning and Legacy Furniture, would be used to
offset costs while developing the second floor of the building. If necessary, the space
occupied by Legacy Furniture can be delivered vacant. The small building to the
east, currently leased by a dental clinic, can be demolished for a parking and delivery
entrance to be developed for apartments above. ICMX zoning which doesn’t allow
residential development. Seller will work with Buyer to gain approvals for zoning
variance. The Seller owns the adjoining shopping center.
PARKING: There parking to the east of the main building between the furniture store
and the dental clinic and parking to the west with 38 space.
units to the existing 86,415 SF building plus 2,500 SF ancillary building. The rents
from the current tenants, Acelero Learning and Legacy Furniture, would be used to
offset costs while developing the second floor of the building. If necessary, the space
occupied by Legacy Furniture can be delivered vacant. The small building to the
east, currently leased by a dental clinic, can be demolished for a parking and delivery
entrance to be developed for apartments above. ICMX zoning which doesn’t allow
residential development. Seller will work with Buyer to gain approvals for zoning
variance. The Seller owns the adjoining shopping center.
PARKING: There parking to the east of the main building between the furniture store
and the dental clinic and parking to the west with 38 space.
PROPERTY FACTS
| Price | $7,200,000 | Lot Size | 1.74 AC |
| Price Per SF | $83.32 | Rentable Building Area | 86,415 SF |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Industrial | Year Built | 2018 |
| Property Subtype | Warehouse | Parking Ratio | 0.44/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | ICMX - primarily intended to accommodate commercial and low-impact industrial uses | ||
| Price | $7,200,000 |
| Price Per SF | $83.32 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.74 AC |
| Rentable Building Area | 86,415 SF |
| No. Stories | 2 |
| Year Built | 2018 |
| Parking Ratio | 0.44/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | ICMX - primarily intended to accommodate commercial and low-impact industrial uses |
AMENITIES
- Restaurant
- Signage
- Storage Space
- Monument Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Landlord working on agreeement with Tenant to take back possession upon securing another tenant for the space
Landlord to have right to take back space from Trillion Dollar
Former Pharmacy Space
- 1st Fl-Ste E
- 6,000-13,000 SF
- Retail
- Shell Space
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste A202 | 6,700-8,700 SF | Retail | Shell Space | Dec 2025 |
| 1st Fl-Ste A203 | 1,500-2,000 SF | Retail | Shell Space | Now |
| 1st Fl-Ste B2 | 1,000 SF | Retail | Shell Space | Now |
| 1st Fl-Ste E | 6,000-13,000 SF | Retail | Shell Space | Now |
1st Fl-Ste A202
| Size |
| 6,700-8,700 SF |
| Space Use |
| Retail |
| Condition |
| Shell Space |
| Available |
| Dec 2025 |
1st Fl-Ste A203
| Size |
| 1,500-2,000 SF |
| Space Use |
| Retail |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl-Ste B2
| Size |
| 1,000 SF |
| Space Use |
| Retail |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl-Ste E
| Size |
| 6,000-13,000 SF |
| Space Use |
| Retail |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl-Ste A202
| Size | 6,700-8,700 SF |
| Space Use | Retail |
| Condition | Shell Space |
| Available | Dec 2025 |
Landlord working on agreeement with Tenant to take back possession upon securing another tenant for the space
1st Fl-Ste A203
| Size | 1,500-2,000 SF |
| Space Use | Retail |
| Condition | Shell Space |
| Available | Now |
Landlord to have right to take back space from Trillion Dollar
1st Fl-Ste B2
| Size | 1,000 SF |
| Space Use | Retail |
| Condition | Shell Space |
| Available | Now |
Former Pharmacy Space
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 884605802 | Improvements Assessment | $1,209,810 |
| Land Assessment | $518,490 | Total Assessment | $1,728,300 |
PROPERTY TAXES
Parcel Number
884605802
Land Assessment
$518,490
Improvements Assessment
$1,209,810
Total Assessment
$1,728,300
1 of 38
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
