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6201 Germantown Ave Philadelphia, PA 19144-2033

OFF-MARKET Retail space Google Maps
10,332 SF 1.31 ac lot Built 2000
Entity Owned 21-yr Hold ~ Est. High Equity
Estimated value (blended)
$1.60M
Range $1.44M – $1.75M (±10%)
Property ID US73-0098479

Property summary

AI-generated overview

This exceptional 10,332 square foot freestanding retail building is situated on a highly visible corner lot at a signalized intersection in Philadelphia, Pennsylvania. The property boasts a total of 10,332 square feet of space, currently entirely vacant and available for lease. The expansive 1.32-acre lot provides ample parking and visibility for any business. Its previous tenant was a Rite Aid, indicating a strong history of retail success at this location. The address is 6201 Germantown Avenue, Philadelphia, PA 19144. This prime location offers significant potential for a variety of retail uses, benefiting from high traffic counts and excellent exposure. The property's size and prominent location make it an ideal opportunity for a business seeking a substantial footprint in a busy Philadelphia neighborhood. The building is ready for immediate occupancy, allowing for a quick start to operations. Interested parties are encouraged to inquire for lease terms and conditions. The property's strategic location and substantial size present a compelling investment opportunity for businesses seeking a strong presence in a thriving area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2000
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,332 SF
Lot 1.31 ac (57,151 SF)
Zoning code CMX2
APN 88-2-0726-55
UPID US73-0098479

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
  • Locksmith (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • Atm
  • Pharmacy
  • (Bike/Boat/Book/etc) Store Pharmacy

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.80M
Comparable Approach Comparable
$1.10M
Blend (final) Blend
$1.60M

Owner & transaction history

since 2005
3 recorded transactions
2005
$3.2M
2004
Price N/A
1969
Price N/A

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
Top alternative use upside
Office building $2.6M +48.4%
Medical building $2.5M +43.2%
Neighborhood: shopping center $1.9M +8.2%

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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