2651 Wheatsheaf Lane , Philadelphia, PA 19137Asking Price of: $749,000

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Primary property photo for 2651 Wheatsheaf Lane

View full listing details at http://www.homesale.com/lid=185876095

This is a fully leased Industrial Outdoor Storage (IOS) parcel, leased to a tow operator. The 5 year NNN lease states that tenant pays property taxes. Landlord pays liability insurance ($675/yr). The 5-year NNN lease started April 2024 and has a Renewal option at landlord’s set rent for 5 years. Expenses: Tenant pays taxes, insurance, maintenance, utilities, snow removal, etc. This is a turnkey passive income play with built-in rent growth, perfect for 1031 buyers or investors who want simple mailbox money. In-place Cap Rate 8.6% cap rate.

Property Details

Address: 2651 Wheatsheaf Lane , Philadelphia, PA 19137
Bedrooms: 0
Subdivision: PORT RICHMOND
Area: PHILADELPHIA
School District: PHILADELPHIA CITY
MLS ID: PAPH2545596
Status: PENDING

Property School Information

School District: PHILADELPHIA CITY

Property Features

Taxes: $15,397
Lot Size: 0.85 Acres
Lot Dimensions: 0.85 Acre(S)
Year Built: 2025
Municipality: PHILADELPHIA
Location Description: Downtown
Total Garage/Parking Spaces: 0

Property information as of Friday, April 17, 2026 at 9:43 AM America/New_York

Listed By

Agency Name: Keller Williams Main Line
Agency Phone: 6105200100

Shown By

Agency Title: Berkshire Hathaway HomeServices Homesale Realty
Agency Phone: +18003833535

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