$749,000
Est. payment /mo
0.85 Acres Lot
Price Dropped by $46K
2651 WHEATSHEAF LN Philadelphia, PA 19137
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Key Details
Property Type Commercial
Sub Type Land for Commercial Use
Listing Status Active
Purchase Type For Sale
Subdivision Port Richmond
MLS Listing ID PAPH2545596
Year Built 2025
Annual Tax Amount $15,397
Tax Year 2025
Lot Size 0.851 Acres
Acres 0.85
Lot Dimensions 152.00 x 99.00
Property Sub-Type Land for Commercial Use
Source BRIGHT
Property Description
This is a fully leased Industrial Outdoor Storage (IOS) parcel, leased to a tow operator. The 5 year NNN lease states that tenant pays property taxes. Landlord pays liability insurance ($675/yr). The 5-year NNN lease started April 2024 and has a Renewal option at landlord's set rent for 5 years.
Expenses: Tenant pays taxes, insurance, maintenance, utilities, snow removal, etc.
This is a turnkey passive income play with built-in rent growth, perfect for 1031 buyers or investors who want simple mailbox money.
In-place Cap Rate 8.6% cap rate.
Expenses: Tenant pays taxes, insurance, maintenance, utilities, snow removal, etc.
This is a turnkey passive income play with built-in rent growth, perfect for 1031 buyers or investors who want simple mailbox money.
In-place Cap Rate 8.6% cap rate.
Location
State PA
County Philadelphia
Area 19137 (19137)
Zoning I2
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Water Access N
Accessibility None
Road Frontage Boro/Township
Garage N
Building
Sewer Other
Water Other
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 885990380
Ownership Fee Simple
Special Listing Condition Standard
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