PA > Philadelphia > Brewerytown
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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Listed by Mark L Malfara • BHHS Fox & Roach-Chestnut Hill
$2,048,140
Est. payment /mo
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8,000 SqFt
Active

2700 W GIRARD AVE Philadelphia, PA 19130

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Additional details
Alexandra DiFilippo

Alexandra DiFilippo

+1(856) 298-9699

UPDATED:

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

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

Source BRIGHT

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)

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agent

Alexandra DiFilippo

Agent | License ID: 1646832

+1(856) 298-9699

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