Versatile Commercial Space with Prime Visibility – North East Philadelphia, PA

Seize the opportunity to own a highly versatile commercial property zoned CMX-2.5 in the vibrant Holmesburg neighborhood of North East Philadelphia. Located at 4310 Megargee St., this property boasts a prime position just off Frankford Avenue, a major commercial artery with excellent visibility and high traffic flow. Its strategic location near the I-95 interchange ensures seamless connectivity to Center City and surrounding suburbs, making it an ideal choice for businesses looking for both local convenience and regional reach.

The property features a secure gated entrance, offering privacy and safety, while the paved lot provides on-site parking for staff and customers. The spacious interior is designed with functionality in mind, featuring warehouse storage, built-in shelving, and workbench areas perfect for workshops, storage, or small business operations. Additionally, the building includes a reception area with counter space, a private office, a kitchenette, and two restrooms, providing convenience and comfort for both employees and clients. Dual access points from the front and rear further enhance the flexibility and operational flow of the space.

Nestled in a thriving commercial area, the property is surrounded by popular local businesses, including McDonalds, John’s Pizza & Restaurant, Dollar Tree and Planet Fitness, as well as countless other essential amenities. The nearby parks and easy access to public transportation add to the location's appeal, making it a practical choice for various business ventures.

This property is being offered at auction with pre-auction offers welcomed. Don’t miss the chance to secure a valuable commercial asset in a sought-after location. The auction will be held on Wednesday, June 25 at 4pm with online and onsite bidding available. The seller is accepting pre-auction offers. If an offer is accepted, the auction will be cancelled.

By registering as a buyer and/or bidder on the property, you agree to these Terms and Conditions.

The live real estate auction will be held on Wednesday, June 25, 2025 at 4pm. On location bidding is available at the time of the auction. Online bidding is available starting on Thursday, May 15 through the live auction happening at 4pm on Wednesday, June 25. The auctioneer will stream live from HERE to sell the property.

This property is being offered free and clear of any liens and encumbrances with no warranties or guarantees in “As-Is” condition with all faults and defects. The sale is not subject to any contingency, including mortgage or inspection contingencies. Purchaser understands that any and all required or needed repairs, inspections, surveys, or permits are strictly and solely Purchaser’s expense and obligation.

There is a 10% buyer's premium paid by the buyer on the winning bid. The winning bid plus the 10% buyer's premium will comprise the total purchase price.

The real estate transfer taxes will be calculated on the total purchase price. The buyer pays both transfer taxes.

The property taxes are estimated to be $3,149 for the current tax year.

Any personal property remaining on the property at settlement transfers with the real property.

The property is being offered with a reserve and will be sold subject to seller’s confirmation.

The winning bidder will pay a $20,000 down payment and sign the Purchase Agreement and Seller’s Property Disclosure Statement at the conclusion of the auction.

Balance due at settlement. Settle on or before Monday, August 11, 2025.

If the purchaser fails to comply with the terms and conditions of this auction or the purchase agreement, the seller may retain the deposit as liquidated damages, and may proceed to make a resale of the property, either at public or private sale.

The seller and/or H.K. Keller has the right to reject any bids.

Only the registered bidder, POA or contracted agent may bid using the registered account, unless arrangements with H.K. Keller have been made.

If you are an online bidder and your bid wins the property, we will give you call regarding collecting the down payment as well as email a Purchase Agreement and Seller’s Property Disclosure Statement to sign electronically or to print, sign, scan and return via email. These documents should be completed and returned within two hours.

Online bidders will have 24 hours from the conclusion of the auction to pay the down payment via wire transfer or cashier’s check unless prior arrangements have been made with the H.K. Keller.

The signed Bidder Registration Form must be submitted to H.K. Keller by 10am on Auction Day, Wednesday, June 25, for a brokerage representation to be acknowledged. All bidders whether in person or online must complete the form. Please email the completed form to [email protected].

Technical Issues: Neither the company providing the software nor the auction company shall be held responsible for a missed bid or the failure of the software to function properly for any reason. In the unfortunate event of a DDOS attack or server attack/shut down, the auction company reserves the right, but is not required, to extend bidding time. To minimize the chance of being affected by internet or software issues, please use the “Max Bid” feature. Please contact Mike Keller at 717-725-2487 if you need assistance with the online bidding platform or need to bid over the phone.