• 5 Units
• Unknown Sq Ft
• 7,457 Sq Ft
• Unknown Cap Rate

Description

IRMX Mixed-Use Industrial | ±24,000 SF Adaptive-Reuse Opportunity

Substantial former industrial building positioned along one of the most actively evolving stretches of Germantown Avenue, where historic warehouses are increasingly being repositioned for creative commercial, residential, and mixed-use projects. The property totals approximately 24,000 square feet across interconnected structures and sits on a 0.17-acre parcel with roughly 40 feet of frontage and a depth of about 123 feet.

The existing improvements date to the early 20th century and retain the character that continues to attract adaptive-reuse investment throughout Olde Kensington and Fishtown’s expansion corridor. Exposed timber beams, original hardwood flooring, and three sides of windows provide the volume and natural light sought by modern office, studio, or maker-space users.

The building is serviced by two stairwells and an elevator, with multiple restrooms already distributed throughout. At grade, polished concrete floors and three garage bays with individual overhead doors support light industrial, production, or flexible commercial occupancy.

Zoned IRMX, the property sits within a district intended to accommodate a blend of low-impact industrial, artisan, and residential uses—an approach created to allow legacy industrial buildings to transition into mixed-use environments without losing employment-generating functions. This zoning framework has shaped nearby projects that integrate residential units with ground-floor industrial or creative workspace, reinforcing the corridor’s hybrid live-work character.

Surrounding Germantown Avenue has seen continued reinvestment, including newer flex and mixed-use buildings and additional infill residential development contributing to the neighborhood’s steady transformation.

With five connected structures, fee-simple ownership, and vacancy allowing immediate repositioning, the property offers a clear path for an owner-user, investor, or developer seeking scale in a location bridging Northern Liberties, Fishtown, and Kensington. The roof structure and massing also lend themselves to potential amenity or deck conversion, subject to approvals.

Ideal for: creative office, light production, multi-tenant commercial, or phased mixed-use redevelopment consistent with the corridor’s ongoing adaptive-reuse trend.