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2101 Germantown Ave 3 Philadelphia, PA 19122-1423

OFF-MARKET Warehouses Google Maps
24,373 SF 0.17 ac lot Built 1920
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$420k
Range $378k – $462k (±10%)
Property ID US73-2013658

Property summary

AI-generated overview

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

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1920
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 24,373 SF
Lot 0.17 ac (7,457 SF)
Zoning code IRMX
APN 88-4-3476-19
UPID US73-2013658

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Marketing & Advertising Advertising Agency
  • Association Or Organization

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$604k
Blend (final) Blend
$420k

Owner & transaction history

since 2014
4 recorded transactions
2015
Price N/A
2014
$240,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

IRMX · Philadelphia, PA
Zoning description

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…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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