2224 Germantown AvePhiladelphia, PA 19133

  • Warehouses
  • 30,288 SF
For Lease
$18.50/SF/YR View listing

Property Details for 2224 Germantown Ave

Year built
1917
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.69 AC
Property size (Sq ft)
30,288 SF
Zone code
CMX2
Property type
Warehouses
APN
88-4-3476-20
APU
884347620

Description

This exceptional 12,500-square-foot retail space at 2224-50 Germantown Avenue in Philadelphia, PA, presents a unique investment opportunity. Built in 2022, the property boasts a completely vacant, single-tenant layout, offering unparalleled flexibility for a wide range of commercial uses. The building's modern construction ensures efficient operation and minimal maintenance needs. Located in the vibrant 19133 zip code, this property benefits from high visibility and accessibility, making it an ideal location for businesses seeking a strong presence in a bustling Philadelphia neighborhood. The CMX-2 zoning allows for diverse commercial applications, expanding the potential tenant pool and maximizing investment returns. With its substantial square footage and prime location, this property is poised for immediate occupancy and significant long-term growth. The entire 12,500 square feet is available, providing ample space for a large-scale operation or the potential for subdivision into smaller units. This is a rare chance to acquire a brand-new, fully vacant retail space in a desirable Philadelphia location. The property's modern design and flexible zoning make it an attractive proposition for a variety of businesses seeking to establish or expand their operations in a thriving commercial area. Serious inquiries are encouraged to explore this exceptional investment opportunity further.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,584,601
    Hospitality
    $6,031,459
    Educational
    $5,018,103
    Medical
    $5,190,684
    Retail
    $7,805,938

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9858
Longitude
-75.145
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$102,039
-
-
-
-
-
-
$11,663,300

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