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Map
$349,900
●
Commercial -
For Sale
2607 GERMANTOWN AVE
PHILADELPHIA, PA 19133
Studio
0 Bath
$1,719
Estimated Monthly
$0
HOA / Fees
About This Property
Investor Alert!!! Welcome to 2607 N Germantown Ave! This presents
an excellent investment opportunity for those interested in
establishing or expanding a takeout restaurant in the bustling
Germantown Avenue area. Alongside the property, the owner is
offering the sale of the In & Out Grill license, adding to its
commercial and residential appeal.
The first floor hosts a fully operational take-out restaurant, recently renovated with modern industrial kitchen equipment, a powder room, and an office. Generating an on average minimum of $25,000 monthly, this restaurant enjoys a steady stream of established clientele.
With its strategic location near shops and public transportation, this property offers prime visibility. The first floor rear features two apartments, while the second floor boasts a spacious unit. While the residential units await renovation, similar rentals in the vicinity command $1,100 to $1,300 monthly, promising lucrative returns.
Included in this package are a walk-in cooler, compressor for walk-in cooler, chest freezer, standard freezer, ice maker, beverage refrigerator, salad bar refrigerator, commercial grill, deep fryer, stove, commercial exhaust hood, three-compartment commercial sink, single garbage disposal sink, single food prep sink, grease trap, hand wash sink, mop sink, counter table, bulletproof glass, hanging shelf, five shelves, menu board, front store sign awning, camera system, and television for the camera system.
This property is a lucrative investment opportunity. Let's make a deal!
The first floor hosts a fully operational take-out restaurant, recently renovated with modern industrial kitchen equipment, a powder room, and an office. Generating an on average minimum of $25,000 monthly, this restaurant enjoys a steady stream of established clientele.
With its strategic location near shops and public transportation, this property offers prime visibility. The first floor rear features two apartments, while the second floor boasts a spacious unit. While the residential units await renovation, similar rentals in the vicinity command $1,100 to $1,300 monthly, promising lucrative returns.
Included in this package are a walk-in cooler, compressor for walk-in cooler, chest freezer, standard freezer, ice maker, beverage refrigerator, salad bar refrigerator, commercial grill, deep fryer, stove, commercial exhaust hood, three-compartment commercial sink, single garbage disposal sink, single food prep sink, grease trap, hand wash sink, mop sink, counter table, bulletproof glass, hanging shelf, five shelves, menu board, front store sign awning, camera system, and television for the camera system.
This property is a lucrative investment opportunity. Let's make a deal!
Unit Size
-
Days on Market
57 days
Land Size
0.04 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$87
HOA Dues
-
Year Built
1960
Listed By
Last updated: 2 months ago (Bright MLS #PAPH2330696)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 11, 2024 | Listed by Equity Pennsylvania Real Estate | $349,900 | |
Listed by Equity Pennsylvania Real Estate |
Property Highlights
Parking Details
Parking Features: On Street
Total Garage and Parking Spaces: 4
Exterior Details
Property Information
Property Manager Present
Ownership Interest: Fee Simple
Property Condition: Very Good
Year Built Source: Assessor
Building Information
Construction Materials: Masonry
Lot Information
Tidal Water: N
Lot Size Dimensions: 16.00 x 110.00
Lot Size Source: Assessor
Land Information
Land Assessed Value: $74,700
Financial Details
County Tax: $0
County Tax Payment Frequency: Annually
City Town Tax: $471
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $74,700
Tax Year: 2022
Tax Annual Amount: $1,045
Year Assessed: 2023
Utilities Details
Cooling Type: None
Heating Type: None
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
01/23/2022
|
|
Loft
|
-
|
-
|
$339,000
Loft
-
|
-
-
|
-
|
KEN KWONG
Central Realty Group LLC
|
Building Info
2607 Germantown Avenue
2607 Germantown Avenue, Philadelphia, PA 19133
- 2 Units for Sale