2781 Roberts Ave
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2781 Roberts Ave
26,500 SF Industrial Building Philadelphia, PA 19129 $2,600,000 ($98/SF)
Investment Highlights
- Price Reduced!
- Immediate access to Route 1, which is just ½ mile or 2- minute drive, as well as just 1.25 miles to I-76.
- The property is being offered on a flexible basis and Letters of Intent will be reviewed and considered upon submission.
- 2781 Roberts Avenue is being offered on a fee simple basis and free and clear of existing debt.
- Capital improvements made in 2020 and is currently occupied by an established imaging systems firm.
Executive Summary
The Flynn Company has been retained on an exclusive basis to arrange the sale of 2781 Roberts Avenue, a 26,500 square foot (“SF”) 2-story user-purchase, value-add or development opportunity. The building underwent significant capital improvements in 2020
and is currently occupied by an established imaging systems firm that will be vacating the property effective December 31, 2024. The property is situated on 32,234 SF of land (0.74 acre) with thirty (30) onsite parking spaces and secure access from a shared driveway. The building currently has one (1) loading dock off Roberts Avenue and a drive-in door from the private parking lot.
The building is an efficient L-shaped property with 13,250 SF per floor, new commercial storefront windows installed in 2020 that allow ample light to the 2nd floor and an open layout. The property is zoned I-2 Industrial that allows for a multitude of uses, including light industrial, flex industrial, office, medical office, institutional, and self-storage. Given the location, effective floorplates, ample light and existing parking, the building would convert quite well to residential, subject to a zoning variance. With three (3) separate existing entrances, the building can also be demised to accommodate a multi-tenant configuration. The 1st floor is currently used as light industrial for high-end imaging systems, so the entire space has been kept in pristine condition; it currently consists of the open work/machinery area, large internal monitoring, and shipping areas, 2 small offices and access to the loading, elevator, and mechanical areas. The 2nd floor is elevator-served and built out as finished office with seven (7) offices, five (5) conference rooms, open work areas that accommodate 52 workstations, reception area and kitchenette.
and is currently occupied by an established imaging systems firm that will be vacating the property effective December 31, 2024. The property is situated on 32,234 SF of land (0.74 acre) with thirty (30) onsite parking spaces and secure access from a shared driveway. The building currently has one (1) loading dock off Roberts Avenue and a drive-in door from the private parking lot.
The building is an efficient L-shaped property with 13,250 SF per floor, new commercial storefront windows installed in 2020 that allow ample light to the 2nd floor and an open layout. The property is zoned I-2 Industrial that allows for a multitude of uses, including light industrial, flex industrial, office, medical office, institutional, and self-storage. Given the location, effective floorplates, ample light and existing parking, the building would convert quite well to residential, subject to a zoning variance. With three (3) separate existing entrances, the building can also be demised to accommodate a multi-tenant configuration. The 1st floor is currently used as light industrial for high-end imaging systems, so the entire space has been kept in pristine condition; it currently consists of the open work/machinery area, large internal monitoring, and shipping areas, 2 small offices and access to the loading, elevator, and mechanical areas. The 2nd floor is elevator-served and built out as finished office with seven (7) offices, five (5) conference rooms, open work areas that accommodate 52 workstations, reception area and kitchenette.
Property Facts
| Price | $2,600,000 | No. Stories | 2 |
| Price Per SF | $98 | Year Built/Renovated | 1960/2020 |
| Sale Type | Investment or Owner User | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.13/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 14’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.74 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 26,500 SF |
| Price | $2,600,000 |
| Price Per SF | $98 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.74 AC |
| Rentable Building Area | 26,500 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2020 |
| Tenancy | Single |
| Parking Ratio | 1.13/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
Amenities
- Air Conditioning
Utilities
- Water - City
- Sewer - City
- Heating - Gas
PROPERTY TAXES
| Parcel Number | 884132520 | Improvements Assessment | $539,700 |
| Land Assessment | $231,300 | Total Assessment | $771,000 |
PROPERTY TAXES
Parcel Number
884132520
Land Assessment
$231,300
Improvements Assessment
$539,700
Total Assessment
$771,000
zoning
| Zoning Code | I-2 (I-2 districts are primarily intended to accommodate light industrial, general office, moderate impact uses, and employment activities.) |
| I-2 (I-2 districts are primarily intended to accommodate light industrial, general office, moderate impact uses, and employment activities.) |
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