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Warehouse

Waterfront Adaptive Reuse/Development Opportunity

927-39 N Delaware Ave, Philadelphia, PA 19123

Listing Price: $6,000,000

Cap Rate
5.13%
Gross SF
29,800
Price/Gross SF
$201.34
Lot Size
0.80 acres
Year Built
1930
Rentable SF
29,800

Investment Overview

Marcus & Millichap is pleased to announce the exclusive sale of the investment property located at 927 North Delaware Avenue in Philadelphia, Pennsylvania. This is a rare, generational opportunity to acquire a prime industrial asset in the absolute core of Northern Liberties/Fishtown, directly adjacent to Rivers Casino and the Delaware River waterfront. Likewise, the property is surrounded by one of Philadelphia’s most active and transformative multifamily corridors. Furthermore, the property is just minutes from Center City Philadelphia, offering immediate access to the region’s top employment, dining, and cultural hubs. The property also benefits from convenient access to Interstate 95, providing residents with seamless north–south connectivity throughout the Philadelphia metro and beyond. Notably, this is an increasingly rare advantage for urban redevelopment sites. Currently occupied by ROAR Nightclub, the tenant delivers strong in-place income while preserving exceptional flexibility for redevelopment or high-impact adaptive reuse. With immediate proximity to riverfront amenities, transit, and dense residential growth, the site is ideally positioned to capitalize on long-term demographic and urban expansion trends. Investors not seeking near-term development can extend and expand the existing tenancy, creating a stable cash-flowing hold while awaiting a cyclical rebound in the multifamily market and unlocking significant future upside.

Investment Highlights

  • Rare Opportunity to Acquire a Prime Industrial Asset in the Core of Northern Liberties and Fishtown
  • Prime Position Adjacent to Rivers Casino and the Delaware River Waterfront
  • Surrounded By One of Philadelphia's Most Active and Transformative Multifamily Corridors
  • Immediate Proximity to Riverfront Amenities, Transit, and Dense Residential Growth
  • Strategically Located Minutes from Center City Philadelphia with Convenient Access to Interstate 95
  • Current Tenant Provides Strong In-Place Income with Exceptional Flexibility for Redevelopment or Adaptive Reuse

Exclusively Listed By

Warehouse

Waterfront Adaptive Reuse/Development Opportunity

Listing Price: $6,000,000

Cap Rate
5.13%
Gross SF
29,800
Price/Gross SF
$201.34
Lot Size
0.80 acres
Year Built
1930
Rentable SF
29,800

Investment Highlights

  • Rare Opportunity to Acquire a Prime Industrial Asset in the Core of Northern Liberties and Fishtown
  • Prime Position Adjacent to Rivers Casino and the Delaware River Waterfront
  • Surrounded By One of Philadelphia's Most Active and Transformative Multifamily Corridors
  • Immediate Proximity to Riverfront Amenities, Transit, and Dense Residential Growth
  • Strategically Located Minutes from Center City Philadelphia with Convenient Access to Interstate 95
  • Current Tenant Provides Strong In-Place Income with Exceptional Flexibility for Redevelopment or Adaptive Reuse

Investment Overview

Marcus & Millichap is pleased to announce the exclusive sale of the investment property located at 927 North Delaware Avenue in Philadelphia, Pennsylvania. This is a rare, generational opportunity to acquire a prime industrial asset in the absolute core of Northern Liberties/Fishtown, directly adjacent to Rivers Casino and the Delaware River waterfront. Likewise, the property is surrounded by one of Philadelphia’s most active and transformative multifamily corridors. Furthermore, the property is just minutes from Center City Philadelphia, offering immediate access to the region’s top employment, dining, and cultural hubs. The property also benefits from convenient access to Interstate 95, providing residents with seamless north–south connectivity throughout the Philadelphia metro and beyond. Notably, this is an increasingly rare advantage for urban redevelopment sites. Currently occupied by ROAR Nightclub, the tenant delivers strong in-place income while preserving exceptional flexibility for redevelopment or high-impact adaptive reuse. With immediate proximity to riverfront amenities, transit, and dense residential growth, the site is ideally positioned to capitalize on long-term demographic and urban expansion trends. Investors not seeking near-term development can extend and expand the existing tenancy, creating a stable cash-flowing hold while awaiting a cyclical rebound in the multifamily market and unlocking significant future upside.

Exclusively Listed By

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