355 Price StPhiladelphia, PA 19144

For Sale
$1,199,000

1.42 Acres, Prime Location, High Demand

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 1.42-acre parcel in Philadelphia, Pennsylvania, presents a compelling investment opportunity for the development of a self-storage facility. Located at 355 E Price St, Philadelphia, PA 19144, this property is situated in a high-growth area with a population exceeding 300,000 within a three-mile radius. The site boasts a significant advantage: self-storage development is permitted, allowing for a building up to five stories. This zoning characteristic, combined with the current low self-storage space per capita (under 5 square feet within a five-mile radius), indicates a substantial unmet demand for storage solutions. The asking price is $1,199,000. The property's location within a Top 10 Metropolitan Statistical Area (MSA) and Philadelphia's robust economy further enhance its investment potential. The potential for a multi-story self-storage development promises significant returns, capitalizing on the area's limited storage options and growing population. This is a rare opportunity to acquire land zoned for a high-demand, high-return business in a thriving urban environment. The property is ideally suited for an investor seeking to develop a modern, multi-story self-storage facility to meet the increasing needs of the Philadelphia community.

Highlights

  • 1.42-acre development site in Philadelphia, PA, at 355 E Price St, 19144, for sale at $1,199,000.
  • Zoned for up to a five-story self-storage facility.
  • High-growth area with over 300,000 people within a three-mile radius and low self-storage space per capita.
  • Located in a Top 10 MSA with a robust economy, presenting a strong investment opportunity.

Property Details for 355 Price St

Property type
Self storage facilities, Industrial properties
Lot Size (sq. ft)
61,855 SF

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
40.0411887
Longitude
-75.1715839
355 Price St, Philadelphia, Pennsylvania

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355 Price St
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