Astoban Realty Group (ARG) - Philadelphia, PA – Luxury Condominiums

5701 GERMANTOWN AVENUE

Details

  •   Commercial Sale
  •   -
  •   -
  •  $2,390,000

Property Description

Corner lot Commercial space located on a well known busy Germantown & Chelten Commercial Corridor. First floors completely remodeled with 4 commercial Triple Net tenants placed with long term lease. Citizens Bank, Restaurant, Convenient Store and Boost Wireless. Cap rate is near 7 percent with many more potential utilizing 2nd floor as additional source of income. Must come and see. 2nd floor is currently vacant but it boasts many opportunities like converting to apartments. Septa lines nearby plus numerous bus lines giving wide range of transportations all throughout Philadelphia. All prospective investors are to provide pre-qualification or proof of funds prior to any showings. With Citizen Bank as its anchor, this property has great potential for growth.

Details

Property Title: 5701 GERMANTOWN AVENUE
Listing ID: PAPH983542
Status: ACTIVE
Year Built: 1900
Property Sub Type: Retail
Price Per SQFT: $185

Features

HOA YN: N
Carport Spaces Count: 0
Construction Materials: Masonry
Accessibility Features: 2+ Access Exits
New Construction YN: N
Cooling Fuel: Electric
Heating Fuel: Natural gas
Hot Water: Natural gas
Water Frontage Length: 0
Pool Private YN: N
Water Access YN: N
Waterfront YN: N

Address Map

Street Suffix: AVENUE
Street: GERMANTOWN
Street Number Numeric: 5701
Directions: Corner lot between Germantown Ave and Chelten Ave
Floor Number: 0

MLS Addon

Office Name: RE/MAX Legacy
Agent Name: Sung H Hong
Original MLS Name: Bright
Sub System Locale: BRIGHT_MAIN
Total Taxes Pymnt Freq: Annually
Vacation Rental YN: N
Major Change Type: Other
HOA Fee Freq: Monthly
List Agent MLS ID: 3192387
List Agent Email: samhong2004@gmail.com
List Office Key: 121134637634
SchoolDistrictName: THE SCHOOL DISTRICT OF PHILADELPHIA
Above Grade Fin SQFT: 0 Sqft
Building Total SQFT: 12,922 Sqft
Levels/Stories: 0
Total SQFT: 0 Sqft
Short Sale: No
Sale Type: Standard
Tax Annual Amount: $8,368
Tax Year: 2021
Zoning: CMX2
Sewer Septic: Public Sewer
Water Source: Public
1
Astoban Realty Group, LLC ("ARG") is a licensed real estate broker located in the Commonwealth of Pennsylvania. No representation is made as to the accuracy of the information in this floor plan, and such information is subject to errors, omission, and change. All information in this floor plan is deemed reliable, but is not guaranteed accurate. The plan herein depicts existing conditions for graphic representation purposes only and should be used as such by the prospective purchaser or tenant. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer. The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom. ARG actively supports equal housing opportunities.
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