PA > Philadelphia > Brewerytown
Philadelphia, PA 19130,2700 W GIRARD AVE
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Philadelphia, PA 19130,2700 W GIRARD AVE
Philadelphia, PA 19130,2700 W GIRARD AVE
Philadelphia, PA 19130,2700 W GIRARD AVE
Philadelphia, PA 19130,2700 W GIRARD AVE
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Becky Shaible

Becky Shaible

+1(570) 971-7833
$ 2,048,140
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2700 W GIRARD AVE Philadelphia, PA 19130

8,000 SqFt

UPDATED:

Key Details

Property Type Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 8,000 sqft

Price per Sqft $256

Subdivision Brewerytown

MLS Listing ID PAPH2461480

Style Other

Abv Grd Liv Area 8,000

Originating Board BRIGHT

Year Built 1925

Annual Tax Amount $7,921

Tax Year 2024

Lot Size 4,000 Sqft

Acres 0.09

Lot Dimensions 40.00 x 100.00

Property Sub-Type End of Row/Townhouse

Property 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.

Location

State PA

County Philadelphia

Area 19130 (19130)

Zoning CMX25

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility Other

Garage N

Building

Foundation Other, Concrete Perimeter, Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 882935925

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Mark L Malfara • BHHS Fox & Roach-Chestnut Hill
agent

Becky Shaible

Marketing Real Estate at the Highest Level in PA | UnknownRS343194

+1(570) 971-7833

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