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Listed by Jason Kleinman • SDG Management, LLC
$ 975,000
Est. payment | /mo
12,619 SqFt
$ 975,000
Est. payment | /mo
12,619 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 12,619 sqft
Price per Sqft $77
MLS Listing ID PAPH2495406
Year Built 1930
Annual Tax Amount $8,470
Tax Year 2024
Lot Size 0.294 Acres
Acres 0.29
Lot Dimensions 147.00 x 88.00
Property Sub-Type Industrial
Source BRIGHT
Property Description
3320 Emerald Street presents a rare opportunity to acquire a fully occupied, seven-unit industrial property located in the heart of Port Richmond—one of Philadelphia's most active and evolving infill industrial corridors. The property is leased to five established tenants across seven demised units, generating a net operating income north of $75,000 annually. This equates to a 7.7% capitalization rate, offering immediate, durable cash flow.
Port Richmond continues to experience increased investor and developer activity, driven by sustained demand and limited supply of industrial product. With strong in-place income, multiple long-standing tenants, and a strategic position in the path of ongoing development, 3320 Emerald Street offers both stability and long-term upside potential in one of the city's most compelling industrial submarkets.
Port Richmond continues to experience increased investor and developer activity, driven by sustained demand and limited supply of industrial product. With strong in-place income, multiple long-standing tenants, and a strategic position in the path of ongoing development, 3320 Emerald Street offers both stability and long-term upside potential in one of the city's most compelling industrial submarkets.
Location
State PA
County Philadelphia
Area 19134 (19134)
Zoning ICMX
Interior
Hot Water Electric
Heating None
Cooling None
Heat Source None
Exterior
Garage Spaces 25.0
Water Access N
Accessibility None
Total Parking Spaces 25
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 884350120
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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