Cell: (410) 627-9990 | Office:(410) 561-0044
MLS#PAPH2569182
STATUSACTIVE
PROPERTY TYPECommercial - Industrial
SCHOOLPHILADELPHIA CITY
Property Description
3875 Kensington Avenue is a stabilized, multi-tenant automotive and industrial (IOS) investment located on prominent Kensington Avenue in the Harrowgate section of Philadelphia. The property contains approximately 14,807 SF of improvements on a 2.37-acre, fully fenced and paved lot. The asset is leased to four separate automotive tenants producing $23,000 per month ($276,000 annually) in net income, offering an attractive 8.12% in-place cap rate at the asking price. Property features include seven drive-thru doors, one drive-in door, 12’–13’ clear heights, multiple gated access points, and CMX-3 zoning, allowing for a wide range of commercial and industrial uses. The site benefits from excellent access to I-95, the Betsy Ross Bridge, and SEPTA transit, supporting long-term tenant demand and strong underlying land value.
Property Features
Property Type: Commercial - Industrial
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: Forced Air
Lot Size: 2.37 Acres
Taxes: $21,762
Year Built: 1950
Feature Descriptions
Exterior: Masonry
Lot Dimensions: 2.37 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Total Garage/Parking Spaces: 20
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: Keller Williams Main Line
Agency Phone: 6105200100
Shown By
Agent Name: Mike & Monica Nelson Team
Agent Phone: Cell: (410) 627-9990
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First American
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
3875 Kensington Avenue | MLS# PAPH2569182
This commercial property located at 3875 Kensington Avenue, Philadelphia, PA 19124 is currently listed for sale with an asking price of $3,399,000. Kensington Avenue is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.mikenelsonrealtor.com today.