$3,000,000

MQA is pleased to exclusively present 2414-38 N American St. & 2440-46 N American St. FANTASTIC DEVELOPMENT SITE in the growing North American Street Corridor. The property sits within multiple incentive zones including QUALIFIED OPPORTUNITY ZONE and the City of Philadelphia’s American Street Empowerment Zone (ASEZ). The property holds a valid and active license to operate as a warehouse or an artist studio. Other possible uses public storage, car wash, research and development, amongst other light Industrial. 100% ALLOWABLE LOT COVERAGE. These two separately deeded parcels are being sold together as a package. The property consists of a two-story corner warehouse and a spacious vacant lot. Currently, the warehouse is generating $60,900 in annual rental earnings from five existing tenants. For enhanced security, the building is equipped with an alarm system and state of the art fire suppression system. 2414-38 N American St. & 2440-46 N American St. has a total lot size of both parcels is 33,275 SQ FT. Rapidly expanding West Kensington. Just moments to MFL Frankford TC to 69th St TC at the York Dauphin Station - MFL stop. Nearby parks include Fairhill Square, Fotterall Square, and Palmer Park. Drive by and make an offer!!!