3204 Vare Avenue Philadelphia, PA ^$ 4,000,000

3204 Vare Avenue

^$ 4,000,000

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3204 Vare Avenue

Philadelphia, PA, 19145

^$ 4,000,000

Studio Baths0.0

Monthly Estimate*

^$ 26,585

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Studio

Commercial Property for sale in Philadelphia, PA

for $4,000,000. This building was built in 1950 on a lot size of 0.38.

CONSTRUCTION HAS STARTED IN THE BELL WETHER DISTRICT. Get in at ground level! Amazing investment opportunity in the red hot Bellwether District! Street to Street access, Two parcels that consists of .55 acres. V sign lease income of $2,041.67 per month, 5 years left on lease. The V sign may go digital, with possibilities of double rent and value. In addition to rent , the sign company pays the seller $9,800 per year towards real estate taxes. There is a 5,200+/- warehouse with 1 spray booth , 1 large storage area, 2 lifts, 2 offices, kitchen area and 3 overhead doors. This property is nestled on one of the heaviest traffic counts in the City of Philadelphia nestled by 676 and the Bellwether District is one of the Hottest growth areas in the City! Recent sales of adjacent properties will confirm pricing.

Commercial Active

Price

^$ 4,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 9,787

Style

Parking Lot,Warehouse

Lot Size

0.38

Year Built

1950

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2291850

Features

Interior

Heating Fuel Electric

Hot Water Natural Gas

Heating Y/N Y

Central Air Y/N N

General

Sewer Public Sewer

Heating Baseboard - Electric

Cooling Wall Unit

Possession Settlement

Zoning I2

Construction Materials Mixed

Year Built 1950

Property SubType Industrial

Tax Year 2023

Percent Ownership Fee Simple

Cool Fuel Natural Gas

Municipality PHILADELPHIA

Business Type Parking Lot Warehouse

Accessibility None

County PHILADELPHIA

New Construction N

Property Type Commercial Sale

Subdivision Name PHILADELPHIA (SOUTH)

Water Access Y/N N

Status ACTIVE

Directions 76 east to Vare Ave.

City PHILADELPHIA

Buyer Agent Compensation 2.5

MLS Area 19145 (19145)

Lot Size Units Square Feet

Lot Size Square Feet 16481.00

Waterfront Y/N N

Tax Annual Amount 9787.0

Price Per Sq Ft Total AG 769.23

Vacation Rental Y/N N

Days on Market 233

Standard Status Active

Year Built Source Estimated

Buyer Agent Compensation Type % Of Gross

Exterior

Water Source Public

Inclusions Signage rental possible cell phone tower lease

Type of Parking Parking Lot

Water View Y/N N

Building Area Total 5200.00

Lot Dimensions 0

Lot Size Acres 0.38

Lot Size Source Assessor

Land Assessed Value 699200.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 3204

* Excluded Features

List By

Kw Empower

Broker

mikebecker@mccannteam.com

Affordability Calculator

$27,401

Per Month

Monthly Principal & Interest: $26,585
Monthly Property Taxes: $816
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Philadelphia, PA

Average List Price ^$979,669

Percent of Sale Price 76%

About Philadelphia, PA

1,588,239 Population

5% Since 2002

^$42,223 Median Income

36 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/26/2023	$4,000,000		Listed Price

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3204 Vare Avenue, Philadelphia, PA, 19145 is a Commercial Property for sale at $4,000,000 with a lot size of 0.38. 3204 Vare Avenue is a studio with 0.0 baths and was built in 1950. The property's zip code is 19145 which is in Philadelphia, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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3204 Vare Avenue

Commercial Property for sale in Philadelphia, PA

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