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    5701-07 Germantown Avenue

    PHILADELPHIA, PA 19144
    • $2,390,000
    • STATUS: Active
    • ON SITE: 101 days
    • ID#: PAPH983542
    UPDATED: 77 min ago
    $2,390,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:

    School Ratings & Info

    Description

    Corner lot Commercial space located on a well known busy Germantown & Chelten Commercial Corridor. First floors completely remodeled with 4 commercial Triple Net tenants placed with long term lease. Citizens Bank, Restaurant, Convenient Store and Boost Wireless. Cap rate is near 7 percent with many more potential utilizing 2nd floor as additional source of income. Must come and see. 2nd floor is currently vacant but it boasts many opportunities like converting to apartments. Septa lines nearby plus numerous bus lines giving wide range of transportations all throughout Philadelphia. All prospective investors are to provide pre-qualification or proof of funds prior to any showings. With Citizen Bank as its anchor, this property has great potential for growth.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-05-10T23:52:41.817.
    www.locomusings.com/homes/113747377
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    5701-07 Germantown Avenue PHILADELPHIA, PA 19144

    • Price: $2,390,000
    • Status: Active
    • Updated: 77 min ago
    • ID#: PAPH983542
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1900
    Built
    Neighborhood:
    19144 (19144)
    County:
    Philadelphia
    Area:
    19144 (19144)
    School District:
    The School District Of Philadelphia
    Property Description
    Corner lot Commercial space located on a well known busy Germantown & Chelten Commercial Corridor. First floors completely remodeled with 4 commercial Triple Net tenants placed with long term lease. Citizens Bank, Restaurant, Convenient Store and Boost Wireless. Cap rate is near 7 percent with many more potential utilizing 2nd floor as additional source of income. Must come and see. 2nd floor is currently vacant but it boasts many opportunities like converting to apartments. Septa lines nearby plus numerous bus lines giving wide range of transportations all throughout Philadelphia. All prospective investors are to provide pre-qualification or proof of funds prior to any showings. With Citizen Bank as its anchor, this property has great potential for growth.
    Exterior Features

    Construction Materials Masonry Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 12922.00 Cooling Central A/C Heating 90% Forced Air Heating YN Yes Net Square Feet 12790.00

    Property Features

    Acceptable Financing CashConventional Accessibility Features 2+ Access Exits Assessment Year 2021 Association YN No Business Type Big Box RetailBanquet Facility/LodgeHealth ClubOther/General RetailProfessionalRestaurant/Bar Central Air YN Yes Cooling Fuel Electric Cross Street Chelten Ave Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304462485077 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 8368.00 Tax Assessment Amount 597800.00 Vacation Rental YN No Water Source Public Zoning Cmx2

    Listing courtesy of Re/Max Legacy.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-05-10T23:52:41.817.
     
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