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Listed by Jon M O'Shea • Keller Williams Main Line
$2,450,000
Est. payment /mo
3,896 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2545004
Year Built 2019
Annual Tax Amount $1,972
Tax Year 2025
Lot Size 3,896 Sqft
Acres 0.09
Lot Dimensions 64.00 x 90.00
Property Sub-Type Other
Source BRIGHT
Property Description
Built in 2019 and still benefiting from Philadelphia's 10-year tax abatement, this CMX-2 mixed-use property delivers stable, long-term cash flow in a fast-improving section of North Philadelphia. The building includes one street-level commercial tenant (a daycare) and six residential condo-grade units above, all fully leased with strong in-place tenants.
With an in-place NOI of $188,000 and an asking price of $2,450,000, the asset offers investors a 7.7% cap rate on actual income. The structure and finishes are modern, minimizing near-term maintenance and reducing ownership expense. The property sits along Germantown Avenue's active redevelopment corridor—near new multifamily, community, and retail projects—positioning it for continued appreciation as the neighborhood matures.
Highlights
2019 Construction – Modern systems and finishes
100% Occupied – One commercial + six residential tenants
Tax Abatement through 2029 – Exceptional near-term yield
With an in-place NOI of $188,000 and an asking price of $2,450,000, the asset offers investors a 7.7% cap rate on actual income. The structure and finishes are modern, minimizing near-term maintenance and reducing ownership expense. The property sits along Germantown Avenue's active redevelopment corridor—near new multifamily, community, and retail projects—positioning it for continued appreciation as the neighborhood matures.
Highlights
2019 Construction – Modern systems and finishes
100% Occupied – One commercial + six residential tenants
Tax Abatement through 2029 – Exceptional near-term yield
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881078516
Ownership Fee Simple
Special Listing Condition Standard
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