Sell Your Warehouse or Commercial Building As-Is

Philadelphia’s old industrial neighborhoods are full of buildings that once made textiles, machine parts, and just about everything else. Today a lot of those warehouses, garages, and corner storefronts with apartments above sit half-used, need a new roof, or have a tenant situation the owner is tired of managing. If you own one and want out, selling it as-is to a direct buyer can be simpler than listing it and waiting for the right commercial buyer and their lender.

As Is Home Buyers is a local company at 1110 Pine St in Philadelphia. Along with houses, we buy warehouses, light industrial buildings, and mixed-use properties in the condition they’re in.

Property types we buy

• Warehouses and storage buildings, from small garages to larger masonry buildings
• Light industrial and flex space: workshops, shops, contractor yards, and former manufacturing buildings
• Mixed-use buildings: a storefront or office on the ground floor with apartments above
• Small commercial buildings: former corner stores, offices, auto shops, and similar properties
• Vacant or underused buildings, including ones with open violations

Areas we focus on

We look at commercial and industrial property throughout Philadelphia, including Kensington, Fishtown, Port Richmond, Bridesburg, Frankford, Hunting Park, Nicetown, Tacony, Holmesburg, Grays Ferry, South Philadelphia, and Southwest Philadelphia. We also look at properties in nearby areas such as Bristol and Bensalem in Bucks County, Norristown and Pottstown in Montgomery County, Chester and Upper Darby in Delaware County, and Camden and Pennsauken in South Jersey.

Any condition

You don’t need to fix anything first. We buy buildings with:

• Roof leaks, structural or masonry problems, or failing loading docks
• Outdated electrical, sprinkler, or HVAC systems
• Leftover equipment, inventory, or debris
• Open L&I violations or permit issues
• Partial or full vacancy, or tenants in place

We factor the condition into our offer. If environmental questions come up (an old oil tank, a former auto shop, past industrial use), we’ll talk them through openly and plan for them as part of the deal.

How it works

1. Call (215) 515-0702 or send the property address and a few details: size, current use, tenants, and any known issues.
2. Site visit. We’ll walk the building at your convenience. Leases, rent rolls, and any reports you have help.
3. Written offer. No obligation, with the terms and timeline spelled out.
4. Closing. A title company handles settlement. We can often close in as little as a couple of weeks once title and due diligence are clear, or on your timeline. Larger or more complex properties can take longer.

See the basics on our How It Works page.

Why sell directly instead of listing?

Commercial properties in rough shape can be hard to sell on the open market. Lenders may want inspections, environmental reports, and repairs before they’ll finance a buyer, and the search for the right buyer can take a long time. A direct sale can mean:

• No repairs or clean-out, including leftover equipment and materials
• Fewer contingencies that depend on a buyer’s lender
• A closing date you choose
• No commissions, with the closing costs we cover spelled out in writing

If your building is in good shape and well leased, a commercial broker may get you a higher price, and we’ll tell you so.

Things to think about before you sell

This is general information, not legal or tax advice.

• Zoning and use: Philadelphia zoning has industrial, commercial, and mixed-use districts, and a building’s permitted use can affect its value. You can look up a property’s zoning on the City’s website.
• Environmental history: Older industrial sites can have environmental issues. Pennsylvania has a Land Recycling Program (often called “Act 2”) for cleanup standards. An environmental consultant or attorney can advise you.
• Tenants and leases: Commercial leases usually stay in effect after a sale. Have your leases, estoppel information, and deposit records ready.
• Taxes: Selling commercial property can trigger capital gains tax and depreciation recapture. Some owners use a 1031 exchange to defer tax by buying another investment property, but there are strict deadlines and rules, and you generally need a qualified intermediary set up before closing. Talk to a tax professional early.
• Transfer tax: Philadelphia’s realty transfer tax applies to most commercial sales, too. Your settlement statement will show how it’s split.

Also own homes or rentals? See selling a Philadelphia house as-is and selling a rental property.

Frequently Asked Questions

Do you buy warehouses that are full of old equipment or junk?

Yes. Take what you want and leave the rest. We factor the clean-out into our offer.

Will you buy a building with tenants in it?

Yes. Existing leases generally transfer to the new owner. We’ll review the leases with you as part of the offer.

What if there might be an environmental problem?

Tell us what you know. Many older buildings have some history. We’ll talk it through openly, and we recommend you get advice from an environmental professional or attorney.

Can I do a 1031 exchange if I sell to you?

The sale itself can work with a 1031 exchange, but the rules and deadlines are strict and must be set up before closing. Talk to a tax professional and a qualified intermediary first.

Do you buy commercial property outside Philadelphia?

Yes. We also look at properties in Delaware, Montgomery, Bucks, and Chester Counties, and in Gloucester and Camden Counties in South Jersey.

Let’s talk about your building

If you own a warehouse, light industrial, or mixed-use property you’re ready to sell as-is, call (215) 515-0702, email info@asishomebuyersphilly.com, or start on our Sell My House Fast page. We’ll give you a straight answer and a no-obligation offer.

As Is Home Buyers · 1110 Pine St, Philadelphia · (215) 515-0702 · info@asishomebuyersphilly.com · See or leave a Google review