5700-5704 Germantown Ave - Storefront FOR SALE


Philadelphia, PA 19144
$1,950,000 USD
267-238-1728
5700-5704 Germantown Ave, Philadelphia, PA for Sale
$1,950,000 USD
Storefront - FOR SALE
1/4
null | Request Cap Rate

5700-5704 Germantown Ave
Philadelphia, PA 19144


HIGHLIGHTS

  • This redevelopment site has approval for the following: (16) Residential Units and (1) Street Level Commercial Unit.
  • Situated on a prominent corner of Germantown Avenue.
  • This property benefits from high visibility and foot traffic.
  • It is well-connected to public transportation and major roadways, making it easily accessible for both residents and businesses.
  • Nearby amenities include local shops, restaurants, parks, and cultural institutions.

OVERVIEW

MPN Realty is pleased to exclusively offer an opportunity to acquire and redevelop 5700 Germantown Avenue in the Germantown neighborhood of Philadelphia. This redevelopment site has approval for the following: (16) Residental Units and (1) Street Level Commercial Unit. As a fully approved redevelopment opportunity, the purchase of the site will include: Zoning Permits, Building Permits, MEP’s Paid for, Full Set of Construction Plans, Full 10-year tax abatement. Situated on the corner of Germantown Avenue and Chelten Avenue, this fully approved site is located within a designated Qualified Opportunity Zone (QOZ).

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$88 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Princess Furniture Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,973 SF

ZONING

CMX25

APN/PARCEL ID

882072000,882927655

ASK ABOUT THIS PROPERTY

Veronica BlumMPN RealtyMore Info
267-238-1728

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Veronica BlumMPN RealtyMore Info
267-238-1728

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.