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For Sale

1851 GERMANTOWN AVENUE

1851 GERMANTOWN AVENUE, PHILADELPHIA, PA 19122

$2,450,000

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

10,404 Sq.Ft. LIVING AREA

3,896 Sq.Ft. lot

Michael McCann

title REALTOR®
PHONE (215) 778-0901
EMAIL [email protected]
DRE # AB049770L

Features & Amenities

Interior

APPLIANCES Gas Water Heater

Area & Lot

Status For Sale
Living Area10,404 Sq.Ft.
Total Area10,404 Sq.Ft.
Lot Area3,896 Sq.Ft.
MLS® IDPAPH2545004
TypeCommercial
YEAR BUILT2019
NeighborhoodPhiladelphia
School DistrictPHILADELPHIA CITY

Exterior

water SourcePublic
parkingOn Street
HEAT TYPENatural Gas, Forced Air
AIR CONDITIONINGCentral Air, Electric
sewerPublic Sewer

Financial

Sales Price$2,450,000
Real Estate Tax $1,972/yr
Zoning CMX2

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KM Empower

Phone Number

O: (215) 627-3500

M: (215) 627-6525

[email protected]

Address

728 S Broad St Floor 3
Philadelphia PA 19146

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