5607 Germantown AvePhiladelphia, PA 19144

Property Details for 5607 Germantown Ave

Year built

1915

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.35 AC

Property size (Sq ft)

30,352 SF

Zone code

CMX3

Property type

Retail properties

Property subtype

Retail space

APN

88-2-0415-00

APU

882041500

Description

This exceptional Germantown Avenue property offers 45,000 square feet of versatile office space, ideal for coworking or creative businesses. The building, renovated in 2018, features a single, two-story structure situated on a 15,000 square foot lot. Currently, 30,000 square feet are available for lease, with options ranging from 1,000 to 15,000 contiguous square feet. The flexible layout caters to various business needs, making it perfect for both large and small enterprises. The property's location in the Germantown submarket of Philadelphia, Pennsylvania (zip code 19144), provides excellent access to the city's amenities and transportation networks. Lower-level suites are available, with starting rates at $700. This is a unique opportunity to secure prime office space in a thriving Philadelphia neighborhood. The property is classified as an office building with multiple tenancies. The building's total square footage is 45,000 square feet, with a maximum contiguous space of 15,000 square feet. This presents a rare chance to establish a significant presence in a desirable location. Inquire today to learn more about leasing opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $7,376,596

  6.5%

  $6,809,165

  7%

  $6,322,796

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,993,797

  Geo Method

  $9,993,797

• Alternative Use

  Use

  Valuation

  Residential

  $5,743,786

  Hospitality

  $5,261,276

  Educational

  $4,377,320

  Medical

  $4,527,863

  Retail

  $6,809,165

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.0354

Longitude

-75.1738

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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