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.
Property Type
Multi-FamilySubdivision
BrewerytownCounty
PHILADELPHIAStyle
OtherAD ID
49096812
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
Heating & Cooling
- Cooling: Central A/C
- Heating: Forced Air
- Cooling Fuel: Electric
- Heating Fuel: Natural Gas
-
Exterior Features
Building Information
- Year Built: 1925
- Structure: End of Row/Townhouse
- New Construction: No
- Total Units: 2
- Built: 1925
- Construction Material: Masonry
- Foundation/Basement: Other,Concrete Perimeter,Brick/Mortar
- Architecture: Other
- Pool/Private: No Pool
Pool Information
- Pool: No Pool
Utility Features
- Sewer: Public Sewer
Water
- Water Heat: Natural Gas
-
Property / Lot Details
Lot Information
- Lot Size: 4,000
- Dimensions: 40.00 x 100.00
- Lot Size (Acres): 0.09
- Architectural Style: Other
- Stories Total: 2
- Main Square Feet: 4,000
Property Information
- SQ ft: 9,000
- SQ ft (Living Area): 8,000
- Total Lot SQ ft: 4,000
- Subdivision: BREWERYTOWN
- Appx. Lot Dimensions: 40.00 x 100.00
- Total Acreage: 0.09
- New Construction: No
- Type: Other
-
Listing Information
Listing Information
- Possession: Negotiable
- Days Of Market: 2
-
Taxes / Assessments
Tax Information
- Annual Tax: $7,921
- Tax Year: 2024
- Total Taxes Payment Frequency: Annually
Possession
- Negotiable
Assessment Information
- Taxes Assessment Amount: $565,900
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Parking Type: On Street
Homeowners Association Information
- Direction: Girard Ave to 27th St.
-
School, Utilities & Location Details
School Information
- School District: PHILADELPHIA CITY
Utility Information
- Water Source: Public
- Sewer: Public Sewer
- Cooling Fuel: Electric
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
Location Information
- Direction: Girard Ave to 27th St.
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BuyOwner last updated this listing 04/12/2025 @ 12:58
- MLS: PAPH2461480
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Other, with 0 bedrooms which is for sale, it has 8,000 sqft, 4,000 sized lot, and 0 parking. are nearby neighborhoods.