Advantages Of Buying Properties Through AGI

Located in one of Philadelphia’s most rapidly transforming industrial corridors, 2401-39 N American Street presents a rare full-city-block redevelopment opportunity ideal for investors, developers, or end-users. This prime industrial, land, and self-storage property spans up to 115,000 square feet with 129,224 net rentable square feet, offering flexibility and scale across five stories. The property sits on a 60,875 square foot lot, zoned ICMX (Industrial Commercial Mixed-Use), allowing for a wide range of adaptive uses including warehousing, manufacturing, or creative commercial applications. With fee simple ownership, three loading docks, and three dock-high doors already in place, the site is immediately functional and future-ready.

The assemblage includes multiple key parcels. The first, 2401-11 N American St, is a 12,175 sq.ft. corner lot offering high visibility and easy access—ideal for ground-up development or commercial use. Adjacent is 2413-23 N American St, which includes a 5-story industrial warehouse with additional below-grade floors totaling over 115,000 sq.ft. The structure includes two freight elevators, two stairwells, and three loading docks, making it ideal for flexible industrial use. Further expanding the site’s development potential is 2425-39 N American St, completing the full-block footprint.

The property offers not only a massive redevelopment canvas but also the ability to generate immediate cash flow through short-term leaseback options with flexible terms while long-term plans are being finalized. The surrounding area is undergoing significant transformation with strong residential and commercial development activity, supported by city infrastructure investments and zoning flexibility. The site enjoys excellent proximity to major transportation routes, enhancing logistical appeal for industrial or warehouse tenants.

Strategically located in a corridor with rising demand for flexible industrial spaces, the property’s large footprint, access features, and zoning create a unique opportunity for a variety of redevelopment paths. Whether repositioned for last-mile logistics, creative maker spaces, mixed-use industrial, or retained as storage and warehousing, this asset is an exceptional long-term hold with strong appreciation potential. Its location, scale, and flexible use options make 2401-39 N American Street one of the most significant industrial redevelopment prospects currently available in Philadelphia.