2101 Germantown Ave 3 Philadelphia, PA 19122-1423
Property summary
This exceptional mixed-use property at 2101 Germantown Avenue in Philadelphia, Pennsylvania, presents a compelling redevelopment opportunity or ideal space for an owner-user. The fee-simple ownership includes five buildings totaling 24,373 square feet on a 7,457 square foot lot, zoned IRMX. The asking price is $2,500,000 ($102.57/SF). Currently vacant, the property boasts attractive features including timber beam construction, stunning hardwood floors, three sides of windows, two stairwells, an elevator, and multiple bathrooms. The first floor features polished concrete floors, and there are three garage bays with separate overhead doors. The building offers 40 feet of retail frontage on Germantown Avenue with a depth of approximately 123 feet. The four-story structure presents significant potential, including easy conversion for roof deck space. The property's previous use as multiple commercial spaces makes it well-suited for leasing to individual businesses. Three parking spaces are available. This is a truly unique opportunity in a prime Philadelphia location.
Property profile
VerifiedCap rate & NOI
Current use
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Marketing & Advertising Advertising Agency
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Association Or Organization
Value estimations
Owner & transaction history
Zoning & alternative use
IRMX, Industrial Residential Mixed-Use District. The IRMX, Industrial Residential Mixed-Use district is primarily intended to accommodate a mix of very low-impact industrial uses, including artists and artisan industrial…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
IRMX · Philadelphia, PAIRMX, Industrial Residential Mixed-Use District. The IRMX, Industrial Residential Mixed-Use district is primarily intended to accommodate a mix of very low-impact industrial uses, including artists and artisan industrial…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for IRMX in Philadelphia, PA.
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