Property profile

2111 Germantown Ave Philadelphia, PA 19122

OFF-MARKET
Retail space
Property ID
US73-0617990
3,323 SF 0.04 ac lot Built 1925
Individually Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

The property consists of two adjoining commercial buildings in Philadelphia, Pennsylvania, located at 2111 and 2113–2115 Germantown Avenue, totaling nearly 10,000 square feet and zoned CMX2. The buildings sit on a combined lot size of approximately 0.04 acres. The first floors contain spacious, open-layout commercial interiors with high ceilings that were historically used for restaurant and lounge/bar purposes, and are configured to support hospitality, retail, or other mixed-use concepts. The second and third floors are set up as apartment units, providing residential space within the same structure and potential for renovation or reconfiguration into additional residential units. The property’s design and zoning allow for mixed-use redevelopment and potential income-producing residential and/or commercial use, and the location is positioned along an active corridor with proximity to public transportation and Temple University.

Property profile

Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1925
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,323 SF
Lot 0.04 ac (1,671 SF)
Zoning code CMX2
APN 88-2-9353-45
UPID US73-0617990

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
  • Restaurant

Location

2111 Germantown Ave Philadelphia, PA 19122-1423
Philadelphia metro Census 16200 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2013
Last sale
$500,000
1 recorded transaction
2013
$120,000

Zoning & alternative use

CMX2 · Philadelphia, PA
Zoning description

CMX-2 Neighborhood Commercial Mixed-Use-2 C-2 RC-1 RC-2 OC CMX-2.5 Neighborhood Commercial Mixed-Use-2.5 Various special district controls CMX-3 Community Commercial Mixed-Use C-3 RC-3 CMX-4 Core Commercial Mixed-Use C-4…

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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