2135 Westmoreland StPhiladelphia, PA 19134

Property Details for 2135 Westmoreland St

Year built

1954

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.92 AC

Property size (Sq ft)

101,252 SF

Zone code

I2

Property type

Warehouses

APN

88-4-2015-00

APU

884201500

Description

This exceptional 50,000-square-foot warehouse, located at 2135 East Westmoreland Street in Philadelphia, Pennsylvania (zip code 19134), presents a significant opportunity for businesses seeking expansive industrial space. Situated on a generous 2.9-acre lot in Philadelphia County, this single-tenant property offers ample room for storage, distribution, or manufacturing. The warehouse boasts a 15-foot ceiling height, providing generous vertical space for efficient operations and high-stacking capabilities. Three loading docks ensure smooth and efficient loading and unloading of goods, minimizing downtime and maximizing productivity. The entire 50,000 square feet is currently vacant, providing immediate occupancy for a new tenant. This property is perfectly suited for a variety of industrial uses and represents a rare opportunity to secure a substantial, well-located warehouse in a thriving Philadelphia market. The property's address is easily accessible via major transportation routes, offering convenient access to the city's extensive infrastructure and surrounding areas. This is a turnkey solution for businesses seeking a large, functional, and strategically located warehouse in Philadelphia.

• CAP approach

  CAP return

  Valuation

  6%

  $41,890,700

  6.5%

  $38,668,300

  7%

  $35,906,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,167,300

  Geo Method

  $21,167,300

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $20,013,100

  Mixed-Use / Specialty

  $20,086,800

  Hospitality / Lodging

  $14,926,000

  Office

  $20,118,600

  Institutional / Educational

  $20,934,100

  Residential Income

  $24,492,900

  Multifamily

  $28,571,000

  Automotive / Energy

  $17,943,500

  Parking / Income-Based Land

  $6,048,710

  Restaurant / Food Service

  $10,757,000

  Healthcare / Senior Housing

  $20,449,900

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9935

Longitude

-75.1056

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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