Welcome to an exceptional investment opportunity situated in the heart of Germantown Ave, Philadelphia! This distinguished property, zoned as CMX2, offers a blend of commercial and residential space, presenting an enticing prospect for savvy investors and developers. Nestled in the vibrant hub of Germantown Ave, this property enjoys high visibility and foot traffic, contributing to its commercial potential.The first floor boasts a long-term tenant occupying a well-established barbershop. With over 15 years of occupancy, this steady income source generates $1,050 per month, showcasing stability and reliability.The upper levels feature a bi-level apartment spanning the second and third floors. This versatile space comprises 3 bedrooms, a comfortable living area, an eat-in kitchen, and a full bathroom. Ideal for potential renters seeking a spacious and accommodating living arrangement in a bustling neighborhood.While the property may require some refurbishment and updates, it presents an exceptional investment opportunity. With the right vision and improvements, this property has the potential to increase its value significantly.Whether you're an investor looking to hold and generate steady rental income from the existing setup or a developer keen on rehabilitating and flipping the property for a substantial profit, this versatile space caters to various investment strategies.Located in a lively neighborhood with diverse businesses, restaurants, and amenities nearby, ensuring convenience and attraction for both commercial and residential occupants.The CMX2 zoning allows for a range of commercial uses, encouraging flexibility and diverse business opportunities for potential buyers. With its proximity to Germantown Ave, an area experiencing revitalization and growth, this property holds the promise of increased value over time.This property invites those with a discerning eye for real estate opportunities. Whether you aim to enhance its current offerings or reimagine its potential, the possibilities here are vast.Seize this chance to invest in a property with an established income stream, residential potential, and significant upside. Contact us today to explore this captivating opportunity on Germantown Ave and embark on a rewarding real estate venture!
Back and Better, Price Reduced! A great location for a variety of business opportunities on the Historic Germantown Avenue. This section of the Historic Germantown Ave is in the path of progress, brimming with fast approaching revitalization from both ends. This building that housed the Delink Social Club also featured a Sport Bar. With moderate upgrades this could be quite the hot spot. Notwithstanding, this property is zoned commercial or mixed-use, and as such it is open for other business or social endeavors. It's minutes to Center City Philly, Philly Sports Complex, the Philadelphia international Airport. This location is richly served by a network of public transit (trains and busses) that links the greater community. This is an "as-is" offering with a limited marketing window. If you are interested, don't snooze, don't lose. Submit your offer now!
*PRICE REDUCTION*. Donât let the winter pass you by without taking advantage of a bargain. Get ahead of the action ..... Instant cashflow opportunity awaits the savvy investor with this Mixed Use property. The lower level has 3 potential commercial units. The main parcel is currently a functioning breakfast cafe with a strong SOLID tenant already in place. Two additional parcels formerly a barbershop and a flower shop ready to be brought back to life. On the 1st floor you'll find a 2 bedroom apartment already occupied with a long term tenant paying $800 monthly. The 2nd floor has an efficiency, currently unoccupied. Go to the top floor where you'll find a large 4 bedroom unit paying $1800 monthly. All in all, step right in to over $3500 in monthly income from day 1. The property is being sold AS-IS, WHERE-IS. Inspections are welcome for informational purposes only. Need 24 hours notice for showings.
The area of the lot is 19,335 +/- sq ft approximately, it is located in one on the biggest, principal arteries of Philadelphia (N Broad St) with 3 other main intersections in a close proximity (Roosevelt Blvd, Hunting Park Ave & Erie Ave). In this location there is a lot of residential and also commercial stores, 4 blocks down from this location start the well known and busy Temple Hospital that stretch down Broad to Temple University with its many buildings hosting students, doctors, nurses and many other people. Up the street from this location is Hunting Park recreation center just 1 block away that brings a lot of visitors. Broad St is a route that many people use to commute to and from center city Philadelphia to many areas in Philadelphia as well as the suburbs. This is a perfect corner spot for your business model.
The commercial building on the corner is for sale. Currently is operating as a Chinese take-out restaurant on the 1st floor. The kitchen types of equipment are included. The second and third floors are apartments with a total of four rooms and one bathroom. The property is sold as it is in condition. Schedule your showing today!
Are you in search of a one-of-a-kind investment opportunity in the thriving Tioga neighborhood of Philadelphia? Look no further than this expansive 37,183 sq ft commercial property, formerly a school and church conversion, located just off Erie Ave amidst a landscape of new construction and updated buildings. This versatile property is a true gem with endless potential for creative redevelopment. **Property Highlights:** **Two Distinctive Buildings:** This property boasts two separate buildings, each with its own distinct character and potential uses. **Former School Building:** - Four-story structure with a rich history. - Spacious layout featuring 4-5 classrooms on each floor. - Bathroom facilities on every floor for added convenience. - A large, fully equipped kitchen area on one floor, perfect for communal or culinary use. - The top floor includes a small kitchenette. - Abundance of natural light floods in through expansive windows. - Historic charm and architectural details that add character to the space. - Impressive 10-foot-high ceilings provide a sense of spaciousness. **Former Church Building (Current Gym):** - A remarkable transformation of a historic church into a contemporary gym. - Equipped with a modern HVAC system for year-round comfort. - Spread over two floors, offering versatile use possibilities. - Features two separate stages, ideal for performances, presentations, or events. - Two full-sized basketball courts for athletic activities and events. - A small field area in the basement provides additional flexibility. - Possibility to create amenity space or optimize the unit count based on your vision. **Additional Features:** - Fenced parking lot for secure and convenient parking. - Proximity to new construction and updated buildings enhances the investment potential. - Ample office spaces throughout the property offer flexibility for various uses. - An abundance of open space and historic charm provides a unique canvas for creative redevelopment. - This property offers immense potential for conversion into residential units, taking advantage of the high ceilings and large windows. Whether you are an investor looking for a versatile property with potential for residential conversion or a developer seeking to create a unique living space, this former school and church conversion property in Tioga offers a wealth of opportunities. Don't miss your chance to own a piece of Philadelphia's history while contributing to the neighborhood's vibrant future. Act now and turn your vision into reality!
Large commercial building on very busy Germantown and Broad street that is 25,524 square feet . Property currently is in need of full renovation. Building goes street to street and has full plans and permits to make a large commercial space and 4- 2 bedroom and 1 bath units and 9 one bedroom and 1 bath units. one unit meets ADA type 1. i unit has an office space. A total of 13 residential units , that can also we used for short term rentals and a large commercial space on the broad street side. The plans and permits are include in the sale. Broad street is a rare find, and this project will offer a great long term return. one Unit - 687sf, 1 bed +office, 1 bath 2- units 906sf, 2 bed, 2 bath 2 units - 579sf, 1 bed, 1 bath 2 units - 619sf, 1 bed, 1 bath 2 units - 728sf, 2 bed, 1 bath 2 units - 606sf, 1 bed, 1 bath one unit- 635sf, 1 bed, 1 bath Type A Accessibility requirements)
1.3 Acre parcle in Philadelphia! Great location with so many possibilities to use as industrial, storage, manufacturing, & redevelopment. Close proximity to Temple University and Broad & Allegheny Streets. Sale includes 3227-53 & 3255 N. 11th St. Check out the opportunity zones with the City of Philadelphia. Incentives present for this location. Also check out 1112 Roy St. also listed for sale(listed just across the street). Repair current building, add on, or tear down. Wonderful possibilities abound! Buyer to Verify uses with the City of Philadelphia. Third picture is an example dwelling. Any new dwellings will need city approval.
Value add 6 unit with under performing rents.â Average rents in the area are $775 - 1 beds and $1200 for 2 beds.â Building is operating as non-conforming use, legal 4 unit with 6 units layout.â Seller can deliver vacant closing.â Gross rent for average area should be $4900.
