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$515,000

7120 Germantown Avenue
PHILADELPHIA, Pennsylvania 19119

Closed / MLS #PAPH2221310 / Commercial / Mixed Use / PHILADELPHIA
Listing information updated 12/21/2024 at 1:21pm
Great investment opportunity in Mt Airy. This Mixed use triplex can be a great opportunity for a savvy buyer or investor. The property next door at 7122 Germantown Ave is also being sold at $700k each building. Both ground floor commercial spaces have tenants. the other floors left unoccupied. Previous tenants were medical practitioners that used the entire building. The Condos across the street at 7111 Germantown are selling for $540,000 and up. This is a chance to create a modern living space that rival the condos without having association fees plus gaining cash flow from the other apartments. If you take the investor approach, the building is zoned Cmx2.5 you can build additional floors, and get more units. Cmx 2.5 allows a developer to build up to 55ft in height which will equal to 5 floors on each building. This property would also work well for a cafe or coffee shop owner that can take advantage of the traffic and residential support and strength of this community. Seller is open to seller financing, and will hold the note. The possibilities are endless, Bring your vision and creativity.
Lot Size:
1561.00 Square Feet
Acreage:
0.04
Built:
1900
Cooling System:
None
Business Use:
Other/General Retail
Zoning:
CMX25
Tax Amount:
$3,689
Tax Year:
2024
Zip Code:
19119
City:
Philadelphia
County:
Philadelphia

Listing Office: Trinity Property Advisors

Listing Office Phone: 302.858.0159

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7120 Germantown Avenue, Philadelphia, PA 19119 is a commercial / mixed use which sold for $515,000. This commercial / mixed use has been listed on RLAH @properties since April 6th, 2023 and was built in 1900.