Mixed-Use Building with Two-Level
5519 GERMANTOWN Avenue Philadelphia, PA 19144
5519 GERMANTOWN Avenue, Philadelphia, PA, 19144
$645,000
For Sale
$645,000
MULTI_FAMILY - Colonial - PHILADELPHIA, PA
Property Size4,278 SF
Lot Size0.11 Acres
Price / SF$150.77
Days on Market192
Property Features for 5519 GERMANTOWN Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 4,278 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5956
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Number of units
- 4
- Building materials
- Masonry
- Architectural style
- Colonial
Listing Agency
OCF Realty LLC - Philadelphia
(215) 735-7368
1936 Washington Avenue, Philadelphia, PA
Listed by
Andres Nicolini · License #RS337965
(484) 483-3114
Added: Jan 9 Updated: Jun 9 at 11:37 am Checked: Jul 20 at 2:06 pm
MLS# PAPH2563446
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use building offers an expansive layout across two levels, with high ceilings and natural light from large windows. A finished lower level and a third floor provide additional space that can support storage, shared common areas, or living space depending on the end use. The current configuration includes flexible room “nooks” and a reception area, set up to accommodate roughly 10 to 12 rooms plus open common, collaborative space, allowing room-by-room build-out to match tenant requirements. The property is also served by exterior parking, including a 5-car parking lot.
Located on Germantown Avenue in historic Germantown, the building has wide frontage for strong street-level presence. It is across the street from Market Square Park, and it is positioned within Philadelphia’s CMX-2.5 zoning district. CMX-2.5 supports active neighborhood commercial corridors and allows commercial uses such as offices, retail, personal services, and restaurants by right, with residential integration for live-work and rental-oriented concepts. The remarks also note proximity to SEPTA Regional Rail via Chelten Avenue Station and convenient access to major routes including I-76 and Lincoln and Kelly Drive.
Currently, the property rents to a long-term tenant operating as a dental office. For buyers and tenants, the configuration and zoning support a range of mixed-use outcomes, including office and retail uses, professional services, or residential or additional office suites—along with opportunities to reconfigure interior space as needed for the next occupancy plan.
Located on Germantown Avenue in historic Germantown, the building has wide frontage for strong street-level presence. It is across the street from Market Square Park, and it is positioned within Philadelphia’s CMX-2.5 zoning district. CMX-2.5 supports active neighborhood commercial corridors and allows commercial uses such as offices, retail, personal services, and restaurants by right, with residential integration for live-work and rental-oriented concepts. The remarks also note proximity to SEPTA Regional Rail via Chelten Avenue Station and convenient access to major routes including I-76 and Lincoln and Kelly Drive.
Currently, the property rents to a long-term tenant operating as a dental office. For buyers and tenants, the configuration and zoning support a range of mixed-use outcomes, including office and retail uses, professional services, or residential or additional office suites—along with opportunities to reconfigure interior space as needed for the next occupancy plan.
Key Highlights
- Prime location on Germantown Avenue in a revitalized historic district with high visibility and foot traffic.
- CMX‑2.5 zoning allows for versatile mixed‑use development, including commercial, residential, and live‑work setups.
- 5‑car parking lot, a rare and valuable amenity in this area, plus abundant street parking.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.9k | $21.96 |
| − Vacancy | −$18.9k | −$4.41 |
| EGI | $75.1k | $17.55 |
| − OpEx | −$18.8k | −$4.39 |
| NOI | $56.3k | $13.16 |
4,278 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$804.2K
$703.7K – $938.3K
NOI $56,296 @ 7.0% cap · market cap 8.73%
Second Best
Mixed Use
$726.0K
$635.3K – $847.1K
NOI $50,823 @ 7.0% cap · market cap 7.88%
Theoretical Best
Multifamily LT 5
$1.04M
$912.6K – $1.22M
NOI $73,004 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Mixed-use property - Versatile mixed-use property with street-level presence, a 5-car parking lot, and an interior setup for offices and service space.
Where is this mixed-use property located?
The property is located at 5519 GERMANTOWN Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Prime location on Germantown Avenue in a revitalized historic district with high visibility and foot traffic.; CMX‑2.5 zoning allows for versatile mixed‑use development, including commercial, residential, and live‑work setups.; **5‑car parking lot**, a rare and valuable amenity in this area, plus abundant street parking.
