2700 Girard Ave, Unit 2 Philadelphia, PA 19130-1213

Property Details for 2700 Girard Ave

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.09 lot acres

Property size

8,000 SF

Zone code

CMX2.5

Property type

Retail space

Property subtype

Storefront properties

APN

88-2-9359-25

APU

882935925

Description

This exceptional investment opportunity presents a fee-simple ownership of a two-tenant retail property located at 2700 W Girard Ave, Philadelphia, PA 19130. The 8,000 square foot building, constructed in 1900 and extensively renovated in 2018, boasts a 7.50% cap rate and a strong NOI of $153,610. The property features a prominent Fulton Bank as its anchor tenant, a publicly traded company with an investment-grade credit rating, occupying the ground floor. A second tenant, a dance studio, occupies the second floor. Both tenants have multi-year leases in place, ensuring a stable income stream. The property sits on a 0.09-acre lot and is situated on a signalized hard corner with excellent visibility and accessibility, benefiting from high vehicular and pedestrian traffic. The Brewerytown neighborhood is experiencing significant growth, with new residential and commercial developments underway, further enhancing the property's value. The location offers easy access to public transportation and is surrounded by a dense and affluent population, with average household incomes exceeding $107,000 within a three-mile radius. This fully occupied, two-story building presents a compelling investment opportunity with limited exposure to future deferred maintenance due to recent renovations. The asking price is $2,048,139.73, representing a price per square foot of $256.02. The property's strong tenant base, prime location, and recent renovations make it an attractive addition to any investment portfolio.