2549-2553 Germantown Ave 4,506 SF Vacant Retail Building Philadelphia, PA 19133 £318,797 (£70.75/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 Avenue. 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 three-story, 5,100-square-foot building comes with three separate commercial units, each approximately 1,650 square feet. Each unit is separately metered and includes mini-split heating and air conditioning with 200-amp service, a private restroom, and two separate entrances that can be divided into three 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. It also offers customizable exterior options to meet your aesthetic preference. Discover the potential of this property.
Inquire today to schedule a showing to learn more. Please note parking is not provided with the property.
Featuring all-new electrical and alarm systems, and HVAC, including a certificate of occupancy, this three-story, 5,100-square-foot building comes with three separate commercial units, each approximately 1,650 square feet. Each unit is separately metered and includes mini-split heating and air conditioning with 200-amp service, a private restroom, and two separate entrances that can be divided into three 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. It also offers customizable exterior options to meet your aesthetic preference. Discover the potential of this property.
Inquire today to schedule a showing to learn more. Please note parking is not provided with the property.
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
£318,797
Price Per SF
£70.75
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
3
Building FAR
1.24
Lot Size
0.08 AC
Zoning
CMX2 - Zoning is for neighborhood-serving retail and service uses. 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 | £73,333 |
| Land Assessment | £18,333 | Total Assessment | £91,667 |
