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Listed by Jon M O'Shea • Keller Williams Main Line
$3,399,000
Est. payment /mo
2.37 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2569182
Year Built 1950
Annual Tax Amount $21,762
Tax Year 2025
Lot Size 2.370 Acres
Acres 2.37
Lot Dimensions 320.00 x 356.00
Property Sub-Type Industrial
Source BRIGHT
Property Description
3875 Kensington Avenue is a stabilized, multi-tenant automotive and industrial (IOS) investment located on prominent Kensington Avenue in the Harrowgate section of Philadelphia. The property contains approximately 14,807 SF of improvements on a 2.37-acre, fully fenced and paved lot.
The asset is leased to four separate automotive tenants producing $23,000 per month ($276,000 annually) in net income, offering an attractive 8.12% in-place cap rate at the asking price.
Property features include seven drive-thru doors, one drive-in door, 12'–13' clear heights, multiple gated access points, and CMX-3 zoning, allowing for a wide range of commercial and industrial uses. The site benefits from excellent access to I-95, the Betsy Ross Bridge, and SEPTA transit, supporting long-term tenant demand and strong underlying land value.
The asset is leased to four separate automotive tenants producing $23,000 per month ($276,000 annually) in net income, offering an attractive 8.12% in-place cap rate at the asking price.
Property features include seven drive-thru doors, one drive-in door, 12'–13' clear heights, multiple gated access points, and CMX-3 zoning, allowing for a wide range of commercial and industrial uses. The site benefits from excellent access to I-95, the Betsy Ross Bridge, and SEPTA transit, supporting long-term tenant demand and strong underlying land value.
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning CMX3
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Inclusions Lease agreements and fixtures
Heat Source Natural Gas
Exterior
Garage Spaces 20.0
Water Access N
Accessibility None
Total Parking Spaces 20
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 882171000
Ownership Fee Simple
Special Listing Condition Standard
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