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    5700 Germantown Ave Philadelphia, PA 19144

    Sponsored
    For Sale
    $1,950,000

    Prime Philadelphia Mixed-Use, 17 Units

    Property size:
    22,050 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional redevelopment opportunity presents a vacant, 22,050 square foot mixed-use property at 5700 Germantown Avenue in Philadelphia, Pennsylvania. The property, built in 1900, features a three-story building on a 7,350 square foot lot and is zoned CMX-2.5. Plans are fully approved for 16 residential units and one street-level commercial unit totaling over 5,745 square feet. All necessary permits (building and MEP) are issued and paid for, along with a complete set of construction plans. A significant advantage is the inclusion of a full 10-year tax abatement. The property's location at the corner of Germantown and Chelten Avenues offers excellent visibility and is situated within a Qualified Opportunity Zone (QOZ), providing potential investors with substantial tax benefits. The asking price is $1,950,000, translating to $88.44 per square foot. Historic tax credits are also available. This is a turnkey project ready for immediate development. The property is currently vacant.

    Property Features for 5700 Germantown Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    22,050 SF

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    3
    Units
    17

    HighLights

    • Fully approved redevelopment opportunity with all permits issued and paid.
    • Qualified Opportunity Zone (QOZ) offering significant tax benefits.
    • 16 residential units and 5,745 square feet of commercial space planned.
    • Complete construction plans included.
    • Three‑sided exposure at a signalized corner in Germantown's commercial corridor.
    • Full 10‑year tax abatement and approved historic tax credits available.
    Property Profile Location Intelligence

    Current Use by Public Records

    VILLA, Join the Movement Shoe Store Jayden’s Fresh Fruit ... Juice Shop DTLR Shoe Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.17466665
    Latitude
    40.03586204

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Philadelphia Mixed-Use, 17 Units
    Where is this mixed-use property located?
    The property is located at 5700 Germantown Ave Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Fully approved redevelopment opportunity with all permits issued and paid.; Qualified Opportunity Zone (QOZ) offering significant tax benefits.; 16 residential units and 5,745 square feet of commercial space planned.
    Request Owner's contact information
    5700 Germantown Ave Philadelphia, PA 19144
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5700 Germantown Ave Philadelphia, PA 19144
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