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USAPAPhiladelphiaBrewerytown2700 W Girard Ave
2700 W Girard Ave, Home with 0 bedrooms, 0 bathrooms and null parking in PHILADELPHIA PA | Image 1
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$2,048,140

2700 W Girard Ave, Philadelphia, PA

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 8000 sqft
Garage No
Taxes $7,921
Days Active 84
Lot Size 
Approx. Age 1925
Avg. Price Per Sqft $256
MLS® Number PAPH2461480

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

8, 000 SF. CMX25 building, 100% Leased Retail Building located in Brewerytown, ($256.02/SF) 7.50% Cap Rate. Brewery town is a rapidly developing neighborhood of North Philadelphia. The Property recently underwent an exterior and interior renovation in 2018-2019, limited exposure to future deferred maintenance. Fulton Bank has more than 5 years remaining on a NNN* lease and ownership recently executed a new, 7-year lease with one five-year renewal - with significant rent increases during the initial term and annual increases in the option period - with a dance studio tenant for the second floor space. There is also an unfinished basement accessed through bilco doors on Girard Ave sidewalk. INVESTMENT GRADE CREDIT TENANT Headquartered in Lancaster, PA, Fulton Bank is a publicly traded (NASDAQ: FULT), investment grade credit rated tenant with a Baa2 rating from Moody’s and over $26B in total assets. More than 50% of Fulton's location footprint is in the Greater Philadelphia area and they have targeted Philadelphia as a significant growth market. RETAIL CORRIDOR - Girard Avenue is quickly becoming a main retail corridor with numerous restaurants and shops between 26th and 30th streets in addition to surrounding national retailers like ALDI, Fine Wine & Good Spirits, Dollar Tree and Boost Mobile.Show Description
MLS® NumberPAPH2461480
Laundry Level
Central VacNo
FireplaceNo
Acreage0.09
Exterior
GarageNo
Approx. Age1925
Basement
DrivewayOn Street
Garage Spaces
HeatForced Air, Natural Gas
A/CCentral A/C, Electric
Heating Fuel

Extras

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