Pending
7120 Germantown Ave
Philadelphia PA, 19119
$575,000
Pending
Commercial
Built in 1900
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.
PAPH2221310
MLSⓇ ID
April 6, 2023
Listed
November 22, 2024
Updated
Map
7120 Germantown Ave
Philadelphia PA, 19119
Interior Features
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Forced Air, Natural Gas
Exterior/Building Features
Lot Size
0.04 Acres
Sewer
Public Sewer
Other Property Details
Area Name
PHILADELPHIA
Taxes
$3,689
Tax Frequency
Annually
Days on Market
553
Garage
No
Parking Total
1
View
No
County
PHILADELPHIA
Water Source
Public
Pool
No
Zoning
Cmx 2.5 allows the Building height to accommodate 5 floors
Listing History
Date | Event | Price |
|---|---|---|
10/9/2024 | Pending | — |
6/24/2024 | Price change | $575,000 -5% |
5/8/2024 | Price change | $605,000 -3% |
4/4/2024 | Price change | $620,000 -1% |
1/4/2024 | Price change | $625,000 -4% |
10/5/2023 | Price change | $645,000 -1% |
Listed by Trinity Property Advisors
Listing Contact: 2156784254
The IDX display contains information sourced from the Bright MLS, Inc. as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 11/22/2024 at 1:56 AM UTC
