1600 Girard AvePhiladelphia, PA 19130

Property Details for 1600 Girard Ave

Year built

1927

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.96 AC

Property size (Sq ft)

120,000 SF

Zone code

CMX3

Property type

Apartment buildings

APN

88-1-0701-01

APU

881070101

Description

This exceptional Philadelphia commercial property, located at 1600-50 W. Girard Ave, offers 12,224 square feet of versatile space currently entirely vacant and available for lease. The building is zoned CMX-3, allowing for a variety of uses. The property type is listed as Retail and Office, with a specific subtype of Creative Office and Restaurant, making it ideal for businesses seeking a unique and adaptable environment. Multiple tenancy options are available, with a minimum leasable space of 1,000 square feet and the possibility of leasing the entire 12,224 square feet contiguously. The high ceilings, measuring 12 feet 4 inches, contribute to a spacious and open feel. This prime location in Philadelphia, PA 19130, presents a fantastic opportunity for businesses looking to establish or expand their presence in a vibrant and dynamic area. The property's flexibility and ample square footage make it suitable for a wide range of creative office and restaurant concepts. Interested parties are encouraged to inquire about lease terms and availability. The address is 1600-50 W. Girard Ave, Philadelphia, PA 19130.

• CAP approach

  CAP return

  Valuation

  6%

  $28,261,956

  6.5%

  $26,087,960

  7%

  $24,224,534

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,302,760

  Geo Method

  $24,302,760

• Alternative Use

  Use

  Valuation

  Residential

  $26,087,960

  Hospitality

  $23,896,430

  Educational

  $19,881,550

  Medical

  $20,565,306

  Retail

  $30,926,856

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9716

Longitude

-75.1633

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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