7601 Germantown AvePhiladelphia, PA 19119

Property Details for 7601 Germantown Ave

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.20 AC

Property size (Sq ft)

4,070 SF

Zone code

CMX2

Property type

Investment properties

Property subtype

Live-work space

APN

88-2-0007-00

APU

882000700

Description

This exceptional 1,100 square foot turnkey medical office space is situated within a modern, multi-tenant medical building at 7601 Germantown Avenue in Philadelphia, Pennsylvania, zip code 19119. The property is part of a larger 4,400 square foot building and offers a single-tenant occupancy. Its prime location in Mount Airy provides easy access to Chestnut Hill and Wyndmoor. The building enjoys excellent visibility at the corner of Germantown Avenue and Roumfort Road. Public transportation is readily available, with the Mount Airy SEPTA Regional Rail station nearby, and convenient access to major roadways including I-76, Lincoln Drive, and Wayne Avenue. This thriving commercial area boasts a strong concentration of established businesses, including CVS, Wawa, Acme, Staples, Brewers Outlet, The Night Kitchen Bakery, Jansen, CinCin, Fine Wine & Good Spirits, Chestnut Hill Flower & Garden, and Baker Street Bread Co., ensuring high foot traffic and visibility for your business. This turnkey space presents a fantastic opportunity for medical professionals seeking a well-located and established office environment. Philadelphia County ownership.

• CAP approach

  CAP return

  Valuation

  6%

  $672,893

  6.5%

  $621,132

  7%

  $576,765

• Comparable approach

  Method

  Valuation

  Relative Method

  $531,786

  Geo Method

  $531,786

• Alternative Use

  Use

  Valuation

  Residential

  $770,203

  Hospitality

  $705,502

  Educational

  $586,969

  Medical

  $607,156

  Retail

  $913,063

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.0652

Longitude

-75.1952

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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