3533 Germantown AvePhiladelphia, PA 19140

Property Details for 3533 Germantown Ave

Year built

1925

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.05 AC

Property size (Sq ft)

3,460 SF

Zone code

CMX2

Property type

Investment properties

Property subtype

Live-work space

APN

87-1-4009-30

APU

871400930

Description

This exceptional investment opportunity presents a vacant, 3,460-square-foot retail property located at 3533 Germantown Avenue in Philadelphia, Pennsylvania, 19140. The property, built in 1925 and in need of renovation, sits on a 2,219-square-foot lot and is zoned CMX2, allowing for versatile commercial mixed-use development. Currently configured as a single-unit building with two stories, it offers significant potential for redevelopment. The asking price is $369,900, translating to $106.91 per square foot. The property's convenient location offers proximity to Temple Hospital and Temple University Medical Campus, presenting a strong potential for high foot traffic and clientele. The building's previous use included convenience store, daycare, and storefront operations, suggesting a variety of potential future uses. The property is being sold fee simple and is currently vacant, providing a blank canvas for a buyer to customize to their specific needs. This presents a unique chance to acquire a substantial property in a desirable Philadelphia location with the potential for significant return on investment. The property's size and zoning provide flexibility for a range of commercial ventures. The seller is offering a fee simple ownership structure. The property is currently vacant, allowing for immediate occupancy and customization.

• CAP approach

  CAP return

  Valuation

  6%

  $657,166

  6.5%

  $606,615

  7%

  $563,286

• Comparable approach

  Method

  Valuation

  Relative Method

  $452,084

  Geo Method

  $452,084

• Alternative Use

  Use

  Valuation

  Residential

  $752,203

  Hospitality

  $689,014

  Educational

  $573,251

  Medical

  $592,966

  Retail

  $891,724

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.0069

Longitude

-75.1498

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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