2549-2553 Germantown Ave
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2549-2553 Germantown Ave
4,506 SF Vacant Retail Building Philadelphia, PA 19133 £372,595 (£83/SF)
Investment Highlights
- The property is located in the evolving commercial areas of Glenwood and Hartranft.
- The metropolitan area is home to well-known landmarks such as the Liberty Bell, Independence Hall, and the Philadelphia Museum of Art.
- Philadelphia is known for its rich cultural scene, educational institutions, and a diverse consumer base.
- Philadelphia is the major city within 30 miles. It is a significant metropolitan area with a population of approximately 1.6 million people.
Executive Summary
This newly renovated, multi-unit commercial building is strategically located in the up-and-coming commercial section of Glenwood and Hartranft on Germantown Ave. It offers a prime opportunity for a variety of business options. Featuring all-new electrical and alarm systems, and HVAC, including a certificate of occupancy, this 3-story 5100 sq ft building comes with three separate commercial units, each approximately 1,650 sq ft. Each unit is separately metered and includes mini-split heating and air conditioning with 200-amp service, a private restroom, and 2 separate entrances that can be divided into 3 storefronts 2549, 2551, and 2553. The first floor has three large bay windows, with rolling shutters and individual remote lifts. Zoned as commercial mixed-use, the space offers significant versatility for retail stores, studios, office spaces, and more, with the added benefit of customizable exterior options to meet your aesthetic preference. Discover the potential of this property. Schedule a showing today to learn more!
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,506 SF
Building Class
C
Year Built/Renovated
1915/2024
Price
£372,595
Price Per SF
£83
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
3
Building FAR
1.24
Land Acres
0.08 AC
Zoning
CMX2 - zoning is for neighborhood-serving retail and service uses. It allows for a mix of commercial and residential uses, with some requiring special permit
Frontage
68 ft on Germantown Ave
Amenities
- Security System
Walk Score ®
Very Walkable (81)
Transit Score ®
Excellent Transit (81)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
67,045
444,946
1,076,626
1,658,266
2029 Population
66,731
436,775
1,051,582
1,620,409
2024-2029 Projected Population Growth
-0.5%
-1.8%
-2.3%
-2.3%
Median Age
30.3
34.1
34.7
36.3
College Degree + Higher
13%
32%
34%
19%
Daytime Employees
29,366
295,987
589,159
723,832
Total Businesses
3,258
28,502
66,590
85,157
Average Household Income
$43,974
$73,957
$78,498
$80,610
Median Household Income
$24,527
$46,917
$51,575
$54,691
Total Consumer Spending
$441.8M
$4.4B
$11B
$17.2B
2024 Households
24,156
184,007
445,862
668,870
Average Home Value
$176,607
$270,677
$295,149
$288,946
$ values in USD
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 882964580 | Improvements Assessment | £75,303 |
| Land Assessment | £18,826 | Total Assessment | £94,129 |
PROPERTY TAXES
Parcel Number
882964580
Land Assessment
£18,826
Improvements Assessment
£75,303
Total Assessment
£94,129
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2549-2553 Germantown Ave
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