1621 N American St, Philadelphia, PA 19122
- $995,000
- List Price
- $995,000
- Days on Market
- 94
- Status
- ACTIVE
- MLS#
- PAPH2634800
- Lot Size (Acres)
- 0.64
- Year Built
- 1932
- County
- Philadelphia
- School District
- The School District Of Philadelphia
Property Description
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.
/u.realgeeks.media/searchchestercounty/header2.png)
Additional Information
- Area
- 19122 (19122)
- Subdivision
- Fishtown
- Taxes
- $2380
- School District
- The School District Of Philadelphia
- Flooring
- Heavy Duty
- Heating
- Other
- Heating Fuel
- Electric
- Cooling
- None
- Roof
- Flat
- Utilities
- Water Available, Sewer Available, Electric Available
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Keller Williams Main Line. Contact: 6105200100
© 2026 TReND. All Rights Reserved.
The data relating to real estate for sale on this website appears in part through the TReND Internet Data Exchange (IDX) program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Real Estate Company participates, and is provided by TReND through a licensing agreement. Real estate listings held by brokerage firms other than Real Estate Company are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
All information provided is deemed reliable but is not guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.