Price Reduction
Address
1851 Germantown Avenue, Philadelphia, PA
Price
$ 2,650,000
Property Attributes
- MLS#PAPH2319430
- TypeCommercial
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19122
- Zip19122
- StyleDay Care Facility
- Year Built2019
- Taxes$ 1941
- Price$ 2,650,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage10400
- Lot Size3,920 SqFt
Data Source:
Bright MLS
Property Description
Introducing an exceptional investment opportunity in a prime location! This state-of-the-art mixed-use building, constructed in 2019 with 6 YEARS TAX ABATEMENT still left, presents a total of 7 units, featuring a ground floor commercial space and 6 individual residential condos. The ground floor offers a versatile commercial space, ideal for retail, office, or dining establishments, providing endless possibilities for entrepreneurs and business owners. On the second floor, you'll discover (2) spacious 2-bedroom/2-bathroom condos and (1) 1-bedroom/1.5-bathroom condo, offering residents modern and comfortable living spaces tailored to urban lifestyles. Ascending to the third floor, you'll find (2) additional 2-bedroom/2-bathroom condos and (1) cozy 1-bedroom/1.5-bathroom condo, each designed with contemporary finishes and thoughtful layouts to maximize comfort and convenience. All units within the building are individual condos, each with its own documentation, ensuring ease of ownership and management for prospective investors. Additionally, each unit is individually metered for utilities, providing efficient and cost-effective living arrangements for residents. Whether you're seeking a prime commercial space or modern residential condos, this mixed-use building offers an unparalleled investment opportunity in a thriving neighborhood. Don't miss out on this chance to own a lucrative asset in a desirable location. Schedule your viewing today!
| Price History | |
|---|---|
| 2/21/2024 | Listed $2,700,000 |
| 4/25/2024 | 1% - $2,699,000 |
| 5/19/2024 | 2% - $2,650,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Central A/C |
| Possession | 0-30 Days CD |
| Roof | Flat |
| Zoning | CMX2 |
| Security Features | Sprinkler System - Indoor,Smoke Detector,Carbon Monoxide Detector(s),Main Entrance Lock |
| Construction Materials | Masonry,Other |
| Year Built | 2019 |
| Electric | 200+ Amp Service |
| Property SubType | Mixed Use |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Day Care Facility |
| Accessibility | Elevator |
| County | PHILADELPHIA |
| New Construction | No |
| Property Type | Commercial Sale |
| Possible Use | Mixed Use,Retail,Restaurant,Professional Service,Office,Day Care,Convenience Store,Clothing |
| Water Access Y/N | No |
| Property Use | Investment |
| Transportation | Airport less than 10 miles,Bus Stop less than 1 mile,Commuter Rail Station less than 1 mile |
| Status | ACTIVE |
| Directions | W Berks Street and Germantown Ave |
| ModificationTimestamp | 2024-05-19T15:10:21 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2 |
| Total Units | 7 |
| MLS Area | 19122 (19122) |
| Lot Size Square Feet | 3896.00 |
| Tax Assessed Value | 138700.0 |
| Waterfront Y/N | No |
| Street Name | GERMANTOWN |
| Tax Annual Amount | 1941.0 |
| Property Condition | Excellent |
| Price Per Sq Ft Total | 254.81 |
| Acceptable Financing | Cash,Conventional |
| Vacation Rental Y/N | No |
| Virtual Tour | https://www.dropbox.com/scl/fi/m698wsv2wg0mup8rqzz9x/1851-Germantown-Ave-Final.mp4?rlkey=za1bpgktsnkpcredpgfofytga&e=1&dl=0 |
| Days on Market | 89 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 32 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Flooring | Hardwood,Ceramic Tile |
| Hot Water | Electric |
| Total Stories | 3 |
| Heating Y/N | Yes |
| Street Suffix | AVENUE |
| Central Air Y/N | Yes |
| Total Restrooms | 2 |
| Clear Span Ceiling Height | 12' to 15' |
| Number of Elevators | 1 |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | On Street |
| Land Use Code | CA0 |
| Water View Y/N | No |
| Building Area Total | 10400.00 |
| Lot Dimensions | 64.00 x 90.00 |
| Lot Size Acres | 0.09 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 138700.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 19122
Price
Taxes
Visits
Year Built
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