Check Availability
$349,900
Commercial - For Sale

2607 GERMANTOWN AVE

PHILADELPHIA, PA 19133
bedrooms
Studio
bathrooms
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!
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

Hekmatullah Nafi
Equity Pennsylvania Real Estate
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

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
-
$360,000 Jul 19, 2013
$360,000 Apr 24, 2014
-
Commercial
Loft
-
-
$265,000 Apr 8, 2021
$265,000 Aug 20, 2021
-
Commercial
Loft
-
-
$260,000 Dec 15, 2015
$260,000 Apr 7, 2017
-
Commercial
Loft
-
-
$325,500 Mar 10, 2023
$325,500 Jan 31, 2024
-
Land
Loft
-
-
$325,000 Jun 28, 2023
$325,000 Aug 8, 2023
-
Land
Loft
-
-
$300,000 Apr 4, 2023
$300,000 Nov 5, 2023
-
Commercial
Loft
-
-
$349,000 Mar 2, 2024
-
-
Commercial
Loft
-
-
$350,000 Nov 18, 2022
-
-
Commercial
Loft
-
-
$375,000 Mar 7, 2024
-
-
Commercial
Loft
-
-
$280,000 Dec 15, 2022
-
-
Land
Loft
-
-
$350,000 Jul 26, 2023
-
-
Land
Loft
-
-
$301,000 Feb 7, 2024
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220123
01/23/2022
Loft
-
-
$339,000
bedrooms
Loft
bathrooms
-
-
-
-
KEN KWONG
Central Realty Group LLC

Building Info

2607 Germantown Avenue 2607 Germantown Avenue, Philadelphia, PA 19133
  • 2 Units for Sale
More about this Building
2607 Germantown Avenue
Want to find out who owns 2607 Germantown Avenue, Philadelphia, PA 19133? Get detailed property transactions here .

About North Philadelphia


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