Multi-Tenant Flex Property | 80,000 SF

Equity CRE is pleased to offer the opportunity to acquire a multi-tenant property in the growing Norris Square neighborhood of Philadelphia. The property is leased to three established tenants: Grocery Outlet, Kitchen & Bath Wholesale, and Provenance.
Located less than two miles from Center City Philadelphia, the property sits on North American Street, which sees over 4,486 vehicles per day. In addition to vehicular traffic, the site benefits from significant foot traffic driven by new neighborhood developments, including The Luxe and The Americana apartment complexes, which together house approximately 206 units. The property also enjoys proximity to Fishtown and Northern Liberties, two of Philadelphia’s trendiest neighborhoods, both of which have experienced substantial population growth over the past five years. Within a three-mile radius, the surrounding area is home to over 454,347 residents, further supporting the site’s strong commercial potential.

ICMX Zoning: 1801 N. American Street is zoned Industrial Commercial Mixed-Use, which allows for a combination of commercial and low-impact industrial uses. This zoning offers flexibility for investors considering future redevelopment, providing an opportunity to cater to the needs of the growing community.

Strategic Location with Access to Public Transportation: The property is conveniently located under 2 miles from Center City Philadelphia, as well as Fishtown and Northern Liberties, two of Philadelphia’s most in-demand neighborhoods. In addition to the walkability, the site offers easy access to the Market-Frankfort Line, SEPTA Bus Routes 3, as well as SEPTA Regional Rail.

Strong Demographics: 1801 N. American Street has a population of over 249,881 people in a 2-mile radius, with an average household income of $95,567.