1801 E Lehigh AvenuePhiladelphia, PA 19125Price: $2,350,000

Rare ±1.86-acre redevelopment opportunity in Philadelphia's Frankford-Lehigh / East Kensington corridor. The 1801-1841 E. Lehigh Avenue assemblage consists of two adjacent, separately deeded industrial parcels totaling approximately 81,021 SF of land with approximately 26,979 SF of existing improvements (per OPA). 1801 E. Lehigh is a corner parcel at E. Lehigh and Kensington Avenues with about 276 ft of Lehigh frontage and 99 ft on Kensington Ave, level topography, all municipal utilities and FEMA Zone X. The garage buildings offer about 18 ft clear height and seven loading doors. ICMX zoning allows 100% lot coverage, 60 ft height and a 500% floor area ratio by right, with warehouse, wholesale, storage, flex, office, retail, eating and drinking, artist studio and limited industrial uses permitted, subject to buyer verification with the City of Philadelphia and L&I. Potential uses may include continued industrial/commercial operation, self-storage, warehouse or flex redevelopment, as well as longer-term mixed-use or residential redevelopment opportunities subject to zoning relief, entitlements and all required governmental approvals. Active multifamily development surrounds the site, including a 146-unit project at 2001 E. Lehigh Ave. A nearby 1.86-acre ICMX site at 2157 E. Lehigh Ave secured approvals for 280 apartments after its 2019 sale. Located near the Frankford Avenue redevelopment corridor, the property may appeal to developers, owner-users, self-storage operators, industrial investors and land investors seeking a sizable assemblage with multiple potential value-creation strategies. Offered as part of the 1801-1841 E. Lehigh Avenue assemblage, with a preference to sell both properties together. Contact Joe Diana for pricing and the offering memorandum. PHYSICAL FEATURES NOT VERIFIED BY PARCEL: Disregard the unit entries, unit occupancy labels, loading-dock, leveler and parking counts shown in the structured MLS fields. These are unverified legacy entries and are not a representation that this parcel independently contains those features or quantities. Verify counts by survey, site inspection and seller documentation. All information is deemed reliable but is not guaranteed. Buyer is responsible for independently verifying all pertinent property information, including zoning, acreage, building area, environmental conditions, permitted uses, utilities, access, development feasibility and all other due-diligence matters.