151 Pine St,DARBY, PA 19023
DARBY, PA 19023
Description
Value-Add Cold & Dry Storage Investment Opportunity101 E Pine Street presents a rare opportunity to acquire a multi-tenant industrial property featuring cold storage, dry warehouse space, office areas, and multiple income-producing units in Delaware County's tightly held industrial market.The approximately 13,098-square-foot facility is configured to accommodate a variety of industrial, storage, distribution, and food-related uses. The property includes refrigerated storage areas, warehouse space, loading access, roll-up doors, office components, and ample operational flexibility for both investors and owner-users.The asset currently generates approximately $212,832 in annual in-place rental income from occupied tenants, including a strong NNN tenant occupying the primary warehouse space. Additional upside exists through the lease-up of currently vacant space and the conversion of owner-occupied space to income-producing tenancy, bringing projected stabilized gross income to approximately $247,632 annually.Property Highlights: ±13,098 SF industrial/storage facility Cold storage and dry warehouse capabilities Multi-tenant income-producing asset Existing NNN tenancy in place Multiple loading and access points Office and support space Value-add leasing opportunity Current NOI: Approximately $179,104 Pro Forma NOI: Approximately $213,904 Strategic Delaware County location with convenient access to Philadelphia, I-95, and regional transportation networksWhether acquired as a cash-flowing investment or a future owner-user opportunity, 101 E Pine Street offers stable income, operational flexibility, and meaningful upside through lease-up and active management.
Details
| MLS # | PADE2118138 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1950 |
| Days On Site | 76 |
| Listing Provided By | Premier Property Management & Realty LLC | Robert Stranix |
Features
| Zoning | COMMERCIAL |
|---|
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Other |
Exterior
| Construction Materials | Block, Brick |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 17828 |
|---|
Area Information
| State | PA |
|---|---|
| County | DELAWARE PA |
| City | DARBY |
| Zip Code | 19023 |
| Area | Colwyn Boro (10412) |
| School District | WILLIAM PENN |
| Listing VS Median (in 19023) | |
Price: $2,500,000 low | high Med: $199,900 On site: 76 low | high Med: 129 | |
Market Activity 19023
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Learn More About This Property
| State | PA |
|---|---|
| County | DELAWARE PA |
| City | DARBY |
| Zip Code | 19023 |
| Area | Colwyn Boro (10412) |
| School District | WILLIAM PENN |
| Listing VS Median (in 19023) | |
Price: $2,500,000 low | high Med: $199,900 On site: 76 low | high Med: 129 | |
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