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7120 GERMANTOWN AVENUE, PHILADELPHIA, PA 19119
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$575,000
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Home Details for 7120 GERMANTOWN AVENUE
Price
$575,000
Type
Commercial/Industrial
Year Build
1900
Lot Size
0.04
County
PHILADELPHIA
Tax
$3,689
MLS®️ Listing#
PAPH2221310
On exitrealty.com
615 days
Property Description
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.
Listing courtesy: Trinity Property Advisors - 302-858-0159
IDX listing information is from various brokers who participate in IDX and provided courtesy of Bright MLS. Property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Information contained on this website provided by MRIS is deemed reliable but not guaranteed ©2024 Bright, All Rights Reserved.
Last Updated: 2024-12-12 02:12:09
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