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The property consists of a ±6,700 SF masonry shell structure with six rollup doors fronting N. American Street. Exterior walls and doors are fully intact; the building is open to the sky — no roof — priced accordingly. ICMX zoning supports flex, light industrial, creative commercial, mixed-use, and residential development. OWNER-USER PATH: Invest $250,000&$300,000 in a roof and core buildout and own ±6,700 SF of ground-floor warehouse/flex space on American Street at a total basis well below replacement cost. INVESTOR PATH: The garage bay configuration and American Street frontage support a compelling mixed-use income strategy: ' 3 glass-front storefronts facing American Street — est. $2,200/mo each ' 3 rear garage/flex bays — est. $1,300/mo each ' Projected gross income: $10,500/mo $126,000/yr Estimated total project cost $1.2M. Estimated stabilized value $1.4M&$1.6M at market cap rates. Surrounded by new residential construction, breweries, creative studios, and growing commercial activity. Adjacent to the Loading building. Minutes from Fishtown, Northern Liberties, and Northern Philadelphia's major growth nodes. All projections are estimates. Buyer to independently verify renovation costs, achievable rents, and zoning compliance. Sold as-is.

Source: BRIGHT MLS, MLS#: PAPH2634800

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  • Property Type
    Commercial Sale
  • Lot
    0.64 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 1621 N AMERICAN STREET


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/12/2026Source: BRIGHT MLS Added to Database
June 12, 2026
Listing provided courtesy of Keller Williams Main Line- MLS# PAPH2634800MLS ProviderContact Information: [email protected] - 6105200100