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sales rep | Brivity IDX

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1621 N American St , Philadelphia, PA 19122
$995,000
Est. Payment: $5,375.16/mo
6700 Sqft
0.64 Acres
Status: active | Days on site: 141
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KELWLMML - 3386657,3118193
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House 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.

Highlights

Listed by Jon M O'Shea , 2677803419 and Michael R. McCann , 2157094141 Keller Williams Main Line , 6105200100. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.64

Year Built

1932

County

Philadelphia

Area

19122 (19122)

Neighborhood

Fishtown

School District

The School District Of Philadelphia

Listing ID

PAPH2634800

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Interior Features

Floor:Heavy Duty
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Zoning:ICMX
Roof:Flat
Sewer:Public Sewer
Principal Interest
$5,375
Taxes
$198

Home Price

$995,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$199,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,375.16

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,375.16 $198.33 $0.00 $5,573.50
Yearly $64,501.95 $2,380.00 $0.00 $66,881.95
Total $1,935,058.40 $71,400.00 $0.00 $2,006,458.40
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Philadelphia, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T09:11:29.000Z

© 2026 Bright MLS