4371 Rising Sun Avenue, Philadelphia, PA, 19140
4371 Rising Sun Avenue
Philadelphia, PA 19140
Highlights
- Three (3) Buildings:
- Building 1: 17,656 SF
- o Two (2) Drive-ins
- o 20’ Clear
- Building 2: 5,591 SF
- o One (1) Drive-in
- o 12’ Clear
- Building 3: 5,656 SF
- o Three (3) Drive-ins
- o 14’ Clear
- Total: 29,226 SF
- Car Parking in Front
- Ample Yard Truck Spaces
Description
Industrial IOS 29,226 SF on 2.5 Acres
The Lower North Philadelphia industrial submarket is an area with a mix of industrial and industrial-commercial zoning, particularly along American Street from Master Street to Lehigh Avenue. This area has seen efforts to maintain its industrial character while allowing some vacant parcels to transition to other uses.
Recent reports indicate that the Philadelphia industrial market, including Lower North Philly, has experienced strong tenant demand. As of Q2 2024, there was a significant increase in leasing activity, with 4.1 million square feet leased, up 39.4% year-over-year. The overall vacancy rate in the Greater Philadelphia industrial market has decreased, and average asking rents have increased.