2700 Girard Ave 2 Philadelphia, PA 19130-1213
This exceptional investment opportunity presents a fee-simple ownership of a two-tenant retail property located at 2700 W Girard Ave, Philadelphia, PA 19130. The 8,000 square foot building, constructed in 1900 and extensively renovated in 2018, boasts a 7.50% cap rate and a strong NOI of $153,610. The property features a prominent Fulton Bank as its anchor tenant, a publicly traded company with an investment-grade credit rating, occupying the ground floor. A second tenant, a dance studio, occupies the second floor. Both tenants have multi-year leases in place, ensuring a stable income stream. The property sits on a 0.09-acre lot and is situated on a signalized hard corner with excellent visibility and accessibility, benefiting from high vehicular and pedestrian traffic. The Brewerytown neighborhood is experiencing significant growth, with new residential and commercial developments underway, further enhancing the property's value. The location offers easy access to public transportation and is surrounded by a dense and affluent population, with average household incomes exceeding $107,000 within a three-mile radius. This fully occupied, two-story building presents a compelling investment opportunity with limited exposure to future deferred maintenance due to recent renovations. The asking price is $2,048,139.73, representing a price per square foot of $256.02. The property's strong tenant base, prime location, and recent renovations make it an attractive addition to any investment portfolio.
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Sensual City: Sensual Bachata Philadelphia Theater & Performing Art Venue Training Center
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Fulton Bank Bank Loan Service
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Seduction Dance Studio Training Center
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 CMX-5 Center City Core Commercial Mixed-Use C-5 CA-1 Auto-Oriented Commercial-1 C-7 NSC CA-2 Auto-Oriented Commercial-2 ASC Eliminated >> C-6 (.2) Map Symbols. (.a) The alphanumeric map symbols are…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CMX2.5 · Philadelphia, PACMX-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 CMX-5 Center City Core Commercial Mixed-Use C-5 CA-1 Auto-Oriented Commercial-1 C-7 NSC CA-2 Auto-Oriented Commercial-2 ASC Eliminated >> C-6 (.2) Map Symbols. (.a) The alphanumeric map symbols are intended to provide a general, relative indication of the range of uses and activities allowed within the respective districts. "CMX" is used to indicate a mixed-use zoning district that is intended to accommodate both commercial and non-commercial development. "CA" is used to indicate zoning districts primarily intended to accommodate auto-oriented commercial development. 291 (.b) The numeral following the dash in the Commercial district map symbols is a relative indicator of the density/intensity or use, with a "1" indicating the lowest density/intensity/use option. (b) Purposes. Philadelphia's commercial zoning districts are primarily intended to accommodate and promote neighborhood-, community- and region-serving commercial uses, as well as mixed-use development consisting of commercial and residential uses in the same building or on the same site. This type of mixed-use development is encouraged in many areas of the City because it reflects the City's traditional urban, pedestrian-oriented character. Encouraging residential development in Commercial zoning districts also provides increased housing choice and reduces motorized transportation demands. The Commercial districts are distinguished primarily on the basis of allowed uses and commercial floor area limits. In the event of a conflict between any provision of this § 14-402 (Commercial and Commercial Mixed-Use Districts) and any other provision of this Zoning Code, the latter shall govern. (c) Descriptions. (.1)
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
