1850 Sedgley Ave Philadelphia, PA 19124

This Philadelphia property, located at 1850 E Sedgley Ave, offers a compelling value-add investment opportunity. The 57,934 square foot lot houses a three-story, 54,916 square foot building with IRMX zoning, allowing for diverse redevelopment options, including multi-family, commercial, or a mixed-use approach. Currently vacant, the property presents immediate leasing potential for strong returns via a NNN lease. The property boasts two income-generating garages: a 1,150 square foot detached garage renting for $1,000 monthly and a 1,000 square foot attached garage generating $1,500 monthly. Ample parking is available, with a large lot (approximately 35,000-40,000 square feet) offering significant development potential. The property also features one loading dock and one dock-high door. A rooftop water tower presents additional advertising revenue opportunities. This versatile property, with its flexible zoning, substantial parking, and existing rental income, provides excellent potential for both short-term cash flow and long-term growth. The asking price is $3,800,000. The property includes 15 parking spaces and is offered fee simple.