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About This Home

This 0-bedroom, 0-bathroom other at 1621 N AMERICAN Street in Philadelphia, PA is listed for $995,000. Built in 1932, on a 0.64 acres lot.

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.

Key Features

  • Built in 1932
  • 0.64 acre lot

Property Details

1932

Monthly Cost Estimate

$5,321/mo

20% down · 6.5% · 30 years

Principal$720
Interest$4,312
Insurance$290

Estimates only. Actual payments may vary.

Location

1621 N AMERICAN Street

Philadelphia, PA 19122

FISHTOWN

Property Details

Construction

Brick Masonry

Questions & Answers

This 0-bedroom, 0-bathroom other at 1621 N AMERICAN Street is listed at $995,000. The estimated monthly payment is $4,312 based on 20% down at 6.5% interest.

Key features include: Built in 1932, 0.64 acre lot.

This property is listed by Jon M O'Shea and can be reached at 2677803419 or jon@mccannteamcommercial.com.

JO

Jon M O'Shea

Agent at Keller Williams Main Line

(267) 780-3419

Listed by Keller Williams Main Line

MLS# PAPH2634800· Source: listhub· Updated 13 days ago

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1621 N AMERICAN Street, Philadelphia, PA 19122

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