Philadelphia, PA 19124,1850 E SEDGLEY AVE
Philadelphia, PA 19124,1850 E SEDGLEY AVE
Philadelphia, PA 19124,1850 E SEDGLEY AVE
Philadelphia, PA 19124,1850 E SEDGLEY AVE
Philadelphia, PA 19124,1850 E SEDGLEY AVE
Philadelphia, PA 19124,1850 E SEDGLEY AVE
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$ 3,800,000
Est. payment | /mo

1.33 Acres Lot


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$ 3,800,000
Est. payment | /mo
Save

1.33 Acres Lot

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2418190

Originating Board BRIGHT

Year Built 1922

Annual Tax Amount $17,132

Tax Year 2024

Lot Size 1.330 Acres

Acres 1.33

Lot Dimensions 301.00 x 193.00

Property Description

Located in the rapidly growing Harrowgate neighborhood, 1850 E Sedgley Avenue offers a prime investment opportunity. This expansive 54,916 square foot, three-story building sits on a 57,934 square foot lot and is zoned IRMX, providing a variety of options for redevelopment—whether as multi-family units, commercial space, or a mix of both. Alternatively, the property can be leased out immediately for a strong return through a NNN lease.

The property also includes a large parking lot of approximately 35,000-40,000 square feet, providing ample parking space for tenants or customers. This vast parking area offers significant development potential, either for additional buildings or other uses to complement the existing structure.

There are 2 smaller income-generating garages on-site. A 1,150 square foot detached garage is rented for $1,000 per month, while an attached garage of about 1,000 square feet generates $1,500 per month.

The water tower on the roof can be used for advertising.

With flexible zoning, generous parking, and immediate cash flow from existing rentals, 1850 E Sedgley Avenue is a versatile property with excellent potential for both short-term income and long-term growth.

Location

State PA

County Philadelphia

Area 19124 (19124)

Zoning ICMX

Interior

Hot Water Electric

Heating None

Cooling None

Heat Source None

Exterior

Garage Spaces 25.0

Water Access N

Accessibility None

Total Parking Spaces 25

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 884844700

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Jason Kleinman • SDG Management, LLC
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1850 E SEDGLEY AVE