PA > Philadelphia > Brewerytown
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
Philadelphia, PA 19130,2700 W GIRARD AVE
Philadelphia, PA 19130,2700 W GIRARD AVE
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Michael Blake

Michael Blake

+1(703) 732-0795
$ 2,048,140
Est. payment | /mo

8,000 SqFt

Save
$ 2,048,140
Est. payment | /mo
Save

8,000 SqFt

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 8,000 sqft

Price per Sqft $256

Subdivision Brewerytown

MLS Listing ID PAPH2461266

Originating Board BRIGHT

Year Built 1925

Annual Tax Amount $7,921

Tax Year 2025

Lot Size 4,000 Sqft

Acres 0.09

Lot Dimensions 40.00 x 100.00

Property Sub-Type Other

Property Description

8,000 SF. CMX25 building, 100% Leased Retail Building located in Brewerytown, ($256.02/SF) 7.50% Cap Rate. Brewerytown 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. 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. More information and brochure available upon request. Fulton Bank Pro-Rata Share of Taxes, Insurance and CAM = 60%

Location

State PA

County Philadelphia

Area 19130 (19130)

Zoning CMX25

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Accessibility Other

Garage N

Building

Sewer Public Sewer

Water Public

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
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2700 W GIRARD AVE