USAPAPhiladelphiaFishtown1621 N American St
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$995,000

For Sale

4 days ago

1621 N American St, Philadelphia, PA

House

MLS® PAPH2634800

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Industrial
Levels Commercial Sale
Size -
Garage 
Taxes $2,380
Days Active 4
Lot Size 0.64 Acres
Approx. Age 1932
MLS® Number PAPH2634800

Property Address: 1621 N American St, PHILADELPHIA, PA, 19122-3105

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberPAPH2634800
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1932
Basement
DrivewayNone
Garage Spaces
HeatOther, Electric
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 12, 2026List Date
$995,000List Price
  • Commute

Commute

Starting Address
Destination Address
1621 N American St, Philadelphia, PA

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