The Powerhouse at Beach Street
CMX-4 Zoning
Marketing description
SCOPE Commercial Real Estate Services, LLC ("SCOPE") is pleased to present an exceptional opportunity to acquire The Powerhouse at Beach Street, a 17,926-square-foot warehouse redevelopment within the historic Philadelphia Warehousing and Cold Storage Company Building Complex. Situated along Beach Street at 40 Spring Garden Street, Unit B, just north of Noble Street, it is set to become a prominent landmark in the thriving Northern Liberties community.
Plans envision transforming this 1891-vintage, two-story brick building—designed by renowned 19th-century brewery architect Otto C. Wolf—into a versatile space ideal for dining, entertainment, bar, venue, or general creative use, benefiting from its proximity to the pedestrian-friendly walkway along Beach Street. Each floor spans nearly 9,000 square feet, offering open layouts with restrooms and office areas, complemented by impressive ceiling heights ranging from 20 to 25 feet. Additionally, a potential 4,802-square-foot roof deck could provide extra space with stunning views of the enhanced Beach Street corridor. The Powerhouse has already been prepped for new electrical service, with a new PECO transformer and conduit in place. PECO has approved the service and meter application for 400A at 480V, ensuring a seamless transition for future tenants or owners. The building is accessible from both Spring Garden Street and Noble Street. Ownership is willing to include access to a portion of Beach Street. The project is thoughtfully designed to align with the industrial aesthetic of the adjacent historically nominated 500 Columbus Blvd. The site is situated in an existing HOA, 500 North Columbus Boulevard Condominium, with an annual cost of $1,625, which takes care of the common 'Beach Street'. The recorded address with the City of Philadelphia is 40 Spring Garden Street, Unit B.
Strategically located near the intersection of Columbus Blvd and Spring Garden Street, the site enjoys unparalleled access to neighborhood amenities. It is a short walk to the Spring Garden Station of the Market Frankford SEPTA line, providing seamless connectivity to Center City in minutes. The nearby Interstate 95 and Vine Street Expressway offer excellent regional access, further enhancing the site’s strategic location.
Investment highlights
Prime Redevelopment Opportunity | 17,926-square-foot brick warehouse building in Philadelphia’s dynamic Northern Liberties neighborhood.
Versatile Layouts | Two open floors of nearly 9,000 square feet each, 20’-25’ ceiling heights, and a potential 4,802-square-foot roof deck.
Overbuild Opportunity | Go vertical for additional square footage.
Variety of Potential Uses | Multifamily, Mixed-Use, Retail, Office, Hospitality.
Connected and Accessible Location | One block from Spring Garden Station near Columbus Blvd and Spring Garden Street, with easy access to local amenities, I-95, and I-676.
Thriving Neighborhood Growth | Located amid significant residential and commercial developments, contributing to the area’s vibrancy and density.
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