1012 Callowhill Street Philadelphia, PA $ 5,000,000
1012 Callowhill Street
$ 5,000,000
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1012 Callowhill Street

Philadelphia, PA, 19123
$ 5,000,000
Baths0.0 Sq 7,800

Monthly Estimate*

$ 29,945

1012 Callowhill Street, Philadelphia, PA 19123 - Image 1
1012 Callowhill Street, Philadelphia, PA 19123 - Image 2
Studio

Commercial Property for sale in Philadelphia, PA

for $5,000,000. This 7,800 square foot building was built in 1925 on a lot size of 0.18.

Welcome to 1012-16 Callowhill Street, a prime commercial warehouse nestled in the heart of the flourishing Spring Garden district. This versatile property is strategically positioned in close proximity to Chinatown and Highway 676, offering unparalleled accessibility for seamless transportation. Zoned as Industrial Residential Mixed-Use, this dynamic space provides a unique opportunity for a variety of business ventures. Currently leased by a wholesaler, the property showcases a robust income stream while offering a blank canvas for your entrepreneurial vision. The strategic location within a rapidly growing area amplifies the investment potential of this property. You can take advantage of the thriving surroundings and capitalize on the burgeoning opportunities in the Callowhill. Boasting a spacious interior, the warehouse presents endless possibilities for customization and expansion. The open layout allows for flexible usage, making it ideal for various industries and ventures. Whether you're looking to continue the current leasing arrangement or embark on a new venture, the building's design and zoning provide the flexibility needed for success. In addition to its commercial appeal, the property's proximity to major transportation routes, including Highway 676, ensures convenient logistics for the efficient movement of goods and services. This strategic location enhances the property's value as a logistical hub, serving as a catalyst for business growth.

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Commercial Active

Price

$ 5,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 10,918

Style

Warehouse

Lot Size

0.18

Year Built

1925

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2317482

Features
Interior
Heating Fuel Electric
Hot Water 60+ Gallon Tank
Central Air Y/N N
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General
Sewer Public Sewer
Heating None
Cooling Ceiling Fan(s)
Possession Settlement
Zoning IRMX
Construction Materials Masonry
Exclusions All Tenants Personal Property
Year Built 1925
Property SubType Mixed Use
Tax Year 2024
Percent Ownership Fee Simple
Cool Fuel None
Municipality PHILADELPHIA
Business Type Warehouse
Accessibility >84 Garage Door 32 + wide Doors
County PHILADELPHIA
Operating Expense 0.00
Insurance Expense 0.00
New Construction N
Property Type Commercial Sale
Possible Use Commercial Development Distribution Industrial Investment Manufacturing Mixed Use Warehouse
Water Access Y/N N
Status ACTIVE
Directions q
City PHILADELPHIA
NumberOfUnitsTotal 5
MLS Area 19123 (19123)
Lot Size Units Square Feet
Lot Size Square Feet 7800.00
Waterfront Y/N N
Tax Annual Amount 10918.0
Electric Expense 0.00
Fuel Expense 0.00
Trash Expense 0.00
Price Per Sq Ft Total AG 641.03
Acceptable Financing Cash Conventional
Association Fee 0.00
Lease Considered Y/N N
Vacation Rental Y/N N
Days on Market 219
Standard Status Active
Year Built Source Assessor
Tax Lot 245
Total Actual Rent 98400.00
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Exterior
Water Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 7800.00
Lot Dimensions 60.00 x 130.00
Lot Size Acres 0.18
Lot Size Source Assessor
Land Assessed Value 156000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1012
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* Excluded Features
List By
Realty Mark Associates

Broker

sellwithallen@gmail.com

Email

Affordability Calculator

$30,855
Per Month
97%
3%
0%
Monthly Principal & Interest
$29,945
Monthly Property Taxes
$910
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% 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
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/18/2024$5,000,000 -3.85% Price Down
2/3/2024$5,200,000 Listed Price

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1012 Callowhill Street, Philadelphia, PA, 19123 is a Commercial Property for sale at $5,000,000 with 7,800 sqft and a lot size of 0.18. 1012 Callowhill Street is a studio with 0.0 baths and was built in 1925. The property's zip code is 19123 which is in Philadelphia, PA