6114 Germantown AvePhiladelphia, PA 19144

Property Details for 6114 Germantown Ave

Year built

1925

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.12 AC

Property size (Sq ft)

2,100 SF

Zone code

CMX2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

87-1-5806-00

APU

871580600

Description

This 1,450 square foot restaurant space is ideally situated on Germantown Avenue in Philadelphia, PA, zip code 19144. The property boasts a highly desirable single-tenant occupancy and features existing ventilation systems and ample storage space with convenient rear access. A significant advantage is the inclusion of eight parking spaces, a rare amenity in this location. The property is zoned CMX-2 and is easily accessible via public transportation, with proximity to the 23, 65, and XH Septa Bus lines. This vibrant commercial corridor is experiencing significant revitalization, evidenced by recent developments such as the completed apartment building at 5900 Germantown Avenue and the upcoming residential conversion of Germantown High School. The landlord is open to collaborating on tenant improvements, making this an exceptional opportunity for a restaurant operator seeking a turnkey space or the chance to customize their ideal location. The lease is a Triple Net Lease.

• CAP approach

  CAP return

  Valuation

  6%

  $347,193

  6.5%

  $320,486

  7%

  $297,594

• Comparable approach

  Method

  Valuation

  Relative Method

  $274,386

  Geo Method

  $274,386

• Alternative Use

  Use

  Valuation

  Residential

  $397,402

  Hospitality

  $364,018

  Educational

  $302,859

  Medical

  $313,275

  Retail

  $471,114

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.0407

Longitude

-75.1794

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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