Property Attributes
- MLS#PAPH2221310
- TypeCommercial
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19119
- NeighborhoodMt Airy
- Zip19119
- StyleGeneral Retail
- Year Built1900
- Taxes$ 3689
- Price$ 605,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2159
- Lot Size0.04 Acres
Data Source:
Bright MLS
Property Description
Great investment opportunity in Mt Airy. This Mixed use triplex can be a great opportunity for a savvy buyer or investor. The property next door at 7122 Germantown Ave is also being sold at $700k each building. Both ground floor commercial spaces have tenants. the other floors left unoccupied. Previous tenants were medical practitioners that used the entire building. The Condos across the street at 7111 Germantown are selling for $540,000 and up. This is a chance to create a modern living space that rival the condos without having association fees plus gaining cash flow from the other apartments. If you take the investor approach, the building is zoned Cmx2.5 you can build additional floors, and get more units. Cmx 2.5 allows a developer to build up to 55ft in height which will equal to 5 floors on each building. This property would also work well for a cafe or coffee shop owner that can take advantage of the traffic and residential support and strength of this community. Seller is open to seller financing, and will hold the note. The possibilities are endless, Bring your vision and creativity.
Price History | |
---|---|
4/12/2023 | Listed $700,000 |
7/25/2023 | 8% - $650,000 |
10/5/2023 | 1% - $645,000 |
1/3/2024 | 4% - $625,000 |
4/4/2024 | 1% - $620,000 |
5/8/2024 | 3% - $605,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | 90% Forced Air |
Cooling | None |
Possession | 0-30 Days CD |
Zoning | CMX25 |
Construction Materials | Masonry |
Year Built | 1900 |
Property SubType | Mixed Use |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Cool Fuel | Electric |
Business Type | Other/General Retail |
Accessibility | None |
County | PHILADELPHIA |
New Construction | No |
Property Type | Commercial Sale |
Subdivision Name | MT AIRY |
Possible Use | Apartment Building,Barber/Beauty,Commercial,Development,Financial,Florist/Nursery,Investment,Medical/Dental,Mixed Use |
Water Access Y/N | No |
Property Use | Investment |
Status | ACTIVE |
Directions | On Germantown between East Durham St,and W. Mt. Pleasant |
ModificationTimestamp | 2024-05-08T17:58:04 |
City | PHILADELPHIA |
Buyer Agent Compensation | 1.5 |
Disclosures | None |
Zoning Description | Cmx 2.5 allows the Building height to accommodate 5 floors |
Total Units | 3 |
MLS Area | 19119 (19119) |
Lot Size Square Feet | 1561.00 |
Tax Assessed Value | 263600.0 |
Waterfront Y/N | No |
Street Name | GERMANTOWN |
Tax Annual Amount | 3689.0 |
Property Condition | Good |
Acceptable Financing | Conventional,Cash,FHA 203(k),Seller Financing |
Lease Considered Y/N | No |
Vacation Rental Y/N | No |
Days on Market | 399 |
Standard Status | Active |
Year Built Source | Assessor |
Tax Lot | 129 |
Buyer Agent Compensation Type | % Of Gross |
Interior Features
Heating Fuel | Natural Gas |
---|---|
Hot Water | Natural Gas |
Heating Y/N | Yes |
Street Suffix | AVENUE |
Central Air Y/N | No |
Exterior Features
Water Source | Public |
---|---|
Total Parking Spaces | 1 |
Type of Parking | Private Garage |
Land Use Code | Y50 |
Water View Y/N | No |
Building Area Total | 0.00 |
Lot Dimensions | 17.00 x 95.00 |
Lot Size Acres | 0.04 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Land Assessed Value | 52720.00 |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
LotDimensionsSource | Assessor |
Car Parking Spaces | 1 |
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