2600 Girard Ave Philadelphia, PA 19130
- Commercial real estate
- 15,000 SF
Current Use by Public Records
- Rybrew / American Restaurant / Bar
- The Bordeaux Apartments / Apartment Building
Property Details for 2600 Girard Ave
- Property size
- 15,000 SF
- Property type
- Commercial real estate
Description
The Bordeaux Apartments, a stunning new construction mixed-use property in Philadelphia's Brewerytown neighborhood, presents an exceptional investment opportunity. This 15,000 square foot building boasts 16 modern apartment units – a mix of studios, one-bedroom, and two-bedroom layouts – and two commercial spaces, creating a diverse revenue stream. Each apartment features high-end finishes, including high ceilings, large windows, and in-unit washer/dryers. The building's 14,184 square feet of net rentable space commands a price of $366.60 per square foot, resulting in a compelling $5,499,000 asking price and a strong 6.14% capitalization rate. The current Net Operating Income (NOI) stands at $414,514, with each unit priced at $305,500. Conveniently located just 10 minutes from Downtown Philadelphia, residents enjoy easy access to the city's attractions. The property benefits from its location in a revitalized historic area, surrounded by popular restaurants like Rybrew and notable landmarks such as Eastern State Penitentiary and the Philadelphia Museum of Art. Further enhancing its appeal, the property has 9 years remaining on its full tax abatement. This is a rare chance to acquire a high-performing asset in one of Philadelphia's most dynamic and up-and-coming neighborhoods. The property is located at 2600 W Girard Ave, Philadelphia, PA 19130.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.179077
- Latitude
- 39.973768
