7780 Essington AvePhiladelphia, PA 19153

Property Details for 7780 Essington Ave

Year built

1987

Construction

FRAME

Lot size

4.06 AC

Property size (Sq ft)

18,500 SF

Zone code

I3

Property type

Parking lots & garages

APN

88-2-1668-10

APU

882166810

Description

This exceptional single-tenant industrial distribution center, located at 7780 Essington Avenue and 7750 Mingo Avenue in Philadelphia, Pennsylvania, presents a compelling investment opportunity. The property boasts a substantial 18,572 square feet of warehouse space, ideally suited for various distribution needs. Situated on a generous 5.03-acre lot, the property offers ample room for expansion, maneuvering, and potential future development. The I-3 Heavy Industrial zoning designation ensures flexibility for a wide range of industrial uses. The building's single-tenant occupancy provides stability and predictable income streams. The property's address is 7780 Essington Ave, Philadelphia, PA 19153. Its convenient location within Philadelphia offers excellent access to major transportation arteries, facilitating efficient logistics and distribution operations. This property is an ideal choice for businesses seeking a well-located, spacious, and versatile industrial facility in a thriving market. The property's size and zoning make it suitable for a variety of industrial uses, offering significant potential for long-term growth and profitability. The single-tenant occupancy minimizes management complexities and provides a stable revenue stream. This is a rare opportunity to acquire a prime industrial property in a desirable Philadelphia location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,712,320

  6.5%

  $5,272,910

  7%

  $4,896,280

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,513,900

  Geo Method

  $2,513,900

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $10,007,000

  Mixed-Use / Specialty

  $5,365,540

  Hospitality / Lodging

  $4,081,590

  Office

  $5,449,710

  Institutional / Educational

  $5,617,820

  Residential Income

  $6,572,850

  Multifamily

  $7,265,420

  Automotive / Energy

  $4,815,270

  Parking / Income-Based Land

  $1,551,610

  Restaurant / Food Service

  $3,028,450

  Healthcare / Senior Housing

  $5,388,000

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.8943

Longitude

-75.2252

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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