2511-17 W Girard Ave
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2511-17 W Girard Ave
2 Retail Properties Offered at £1,656,900 in Philadelphia, PA
Investment Highlights
- 11,832 SF Retail Portfolio Along W Girard Avenue | Fairmount/Brewerytown, Philadelphia
- Value-Add Investment with By-Right Development Potential | CMX-2.5 Zoning
- Transit and Commuter Friendly Location | Access to I-76, I-676, Girard Avenue, and Girard Ave SEPTA Line with Connection to Center City
- Corner Property with Excellent Visibility | 9,700 VPD and Excellent Residential Foot Traffic
- Sticky Tenant Base | Four+ Years Weighted Average Lease Tenure
Executive Summary
SCOPE Commercial Real Estate Services, LLC "SCOPE" is pleased to present the opportunity to acquire 2511-17 W Girard Avenue, a combined 11,832-square-foot urban retail portfolio along the border of Philadelphia's Fairmount neighborhood. The offering presents itself as a value-add investment with by-right mixed-use development potential.
2511 W Girard, a 6,618-square-foot building, is home to two tenants, Koa Strength and Bella Ballerina Studio. Koa Strength has recently expressed their interest in extending their lease for an additional three years operating on a triple-net basis, showing their commitment to the site. Koa Strength will have a rent per square foot of $22.54 with one, two-year options to extend with annual increases. Bella Ballerina Studio has a two-year lease through 8/31/2025 with a rent per square foot of $20.18.
2517 W Girard Ave is a 5,214-square-foot building with two tenants, Philly Beverages, LLC and Ten Four Therapy. Both leases have approximately 2.5 years remaining and operate on gross leases with an average rental rate of $16.41 per square foot. Given current market rates, there is an opportunity for additional value at lease-up.
The retail properties are located at the signalized confluence of W Girard Ave and W College Ave, offering excellent visibility and accessibility from Center City. It benefits from exposure to an average of 9,700 vehicles daily. Situated in the vibrant West Philadelphia submarket, the property is surrounded by complementary retail and service providers, not to mention a large tenant base with access to over 200,000 residents within Greater Philadelphia. Its strategic position provides direct access to W Girard Avenue, Poplar Street, I-76, and I-676, offering convenient connections to Center City’s downtown area, major employers, and entertainment venues. Additionally, Fairmount Park and the Art Museum are within walking distance. Boasting 100% occupancy and zoned CMX2.5, this property presents an enticing prospect for retail investors seeking a lucrative addition to their portfolio.
2511 W Girard, a 6,618-square-foot building, is home to two tenants, Koa Strength and Bella Ballerina Studio. Koa Strength has recently expressed their interest in extending their lease for an additional three years operating on a triple-net basis, showing their commitment to the site. Koa Strength will have a rent per square foot of $22.54 with one, two-year options to extend with annual increases. Bella Ballerina Studio has a two-year lease through 8/31/2025 with a rent per square foot of $20.18.
2517 W Girard Ave is a 5,214-square-foot building with two tenants, Philly Beverages, LLC and Ten Four Therapy. Both leases have approximately 2.5 years remaining and operate on gross leases with an average rental rate of $16.41 per square foot. Given current market rates, there is an opportunity for additional value at lease-up.
The retail properties are located at the signalized confluence of W Girard Ave and W College Ave, offering excellent visibility and accessibility from Center City. It benefits from exposure to an average of 9,700 vehicles daily. Situated in the vibrant West Philadelphia submarket, the property is surrounded by complementary retail and service providers, not to mention a large tenant base with access to over 200,000 residents within Greater Philadelphia. Its strategic position provides direct access to W Girard Avenue, Poplar Street, I-76, and I-676, offering convenient connections to Center City’s downtown area, major employers, and entertainment venues. Additionally, Fairmount Park and the Art Museum are within walking distance. Boasting 100% occupancy and zoned CMX2.5, this property presents an enticing prospect for retail investors seeking a lucrative addition to their portfolio.
Property Facts
| Price | £1,656,900 | Number of Properties | 2 |
| Price / SF | £187.43 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 8,840 SF |
| Status | Active | Total Land Area | 0.22 AC |
| Price | £1,656,900 |
| Price / SF | £187.43 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 8,840 SF |
| Total Land Area | 0.22 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2511-2515 W Girard Ave, Philadelphia, PA 19130 | Retail | 6,500 SF | 1915 | - |
| 2517-2519 W Girard Ave, Philadelphia, PA 19130 | Retail | 2,340 SF | 2018 | - |
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Phil Sharrow -
Robert Blumenthal -
Scope Commercial Real Estate Services, LLC
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2511-17 W Girard Ave
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