About 3204 Vare Ave
Construction has started in the red-hot Bellwether District—get in at ground level! This rare investment opportunity includes two street-to-street parcels totaling 0.55 acres with built-in income and major upside. The 4,800± sq ft warehouse is currently leased on a yearly basis for $4,500/month and includes a kitchen area, and three overhead doors. A V-sign on the property generates $2,041.67/month with four years left on the lease, and the sign company pays an additional $9,800 annually toward real estate taxes. Even better, there's potential to go digital—doubling both the rent and the value. Situated along one of Philadelphia’s highest traffic corridors near I-676, this property is surrounded by major growth, with nearby sales confirming the price. Don’t miss your chance to own a cash-flowing asset in one of the city’s most rapidly developing areas.
Features of 3204 Vare Ave
| MLS® # | PAPH2424392 |
|---|---|
| Price | $2,000,000 |
| Bathrooms | 0.00 |
| Acres | 0.55 |
| Year Built | 1950 |
| Type | Commercial Sale |
| Sub-Type | Industrial |
| Status | Active |
Community Information
| Address | 3204 Vare Ave |
|---|---|
| Area | 19145 |
| Subdivision | PHILADELPHIA (SOUTH) |
| City | PHILADELPHIA |
| County | PHILADELPHIA-PA |
| State | PA |
| Municipality | PHILADELPHIA |
| Zip Code | 19145 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Baseboard - Electric, Other |
|---|---|
| Cooling | Wall Unit |
Exterior
| Exterior | Mixed |
|---|---|
| Lot Description | Additional Lot(s) |
| Construction | Mixed |
Additional Information
| Date Listed | December 2nd, 2024 |
|---|---|
| Days on Market | 332 |
| Zoning | I2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | KW Empower |
|---|---|
| Contact Info | vicki@kwempower.com |