6123 W Passyunk Ave 8,160 SF Vacant Industrial Building Philadelphia, PA 19153 $4,500,000 ($551.47/SF) 11.19% Cap Rate

This rare 1.4-acre industrial property with I-3 zoning and an 8,160 sq ft flex/warehouse building offers an exceptional opportunity in a surging area of the Philadelphia industrial market. This prime location on W Passyunk Ave offers easy access to major transportation hubs, including I-76 / I-95, Philadelphia International Airport, and the growing epicenter of Philadelphia industrial. A surge of recent activity in the area is demonstrating the tremendous value this pocket of the city can provide for a variety of business and logistic uses. The property sits just across the river from the new Bellwether District, a 17.5 million-square-foot industrial and life sciences project at the former site of the Philadelphia Energy Solutions refinery. Right across the street, the new 5 acre soil recycling facility project by Alterra is well underway.  The Philadelphia Navy Yard complex is 10 minutes away. The property has direct access from both W. Passyunk Ave and S. 61st St, providing high visibility with over 64,000 vehicles per day along Passyunk Ave and 52,000 vehicles per day along 61st St. With other anchor industrial businesses all around, this area is bustling with development and is on track to being a key hub in the future of Philadelphia’s industrial market.
This multi-tenant property generates over $28.5k in per month in rent with an additional $16.5k per month attainable from currently owner occupied space and the potential to generate approximately $59k per month upon fully utilizing the property and bringing each space to market rate. It is configured for both rental income and owner use, with a mix of month-to-month tenants and owner-occupied spaces, offering flexibility for future development.
The main building includes a front office, two drive-in entrances (approximately
14' x 14' and 10' x 10') with roll-up doors, and a spacious garage / warehouse with 16' clear-height ceilings, ideal for a variety of industrial uses and has the ability to accommodate large tractor trailers . The property also features two apartments, a rear garage/warehouse, and a detached four-car garage for additional storage or workspace.
Recent upgrades have generated additional value, including newly coated roofs (2022) and replaced Central A/C and heating systems throughout. There are three electric service meters, one being 3-phase, and the property includes two 80-gallon water heaters. Additionally, it is well-equipped with an in-ground lift operated by air compressor, three above-ground lifts (approx. 11,000 lb capacity), and three floating I-beam rail hoists (with capacities ranging from 30-40 tons), perfect for heavy-duty operations. With two mobile trailer offices included in the sale, the property offers flexibility for various business needs.
This industrial property, with its extensive features and prime location, presents a unique opportunity for investors or business owners looking to capitalize on the area's growth and central location.