Property

Philadelphia, PA 19130 2700 W Girard Avenue

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Presented By: BHHS Fox & Roach-Chestnut Hill
  • MLS# PAPH2461480
  • 03/26/2025
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Home Details

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 Moodys 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.
Presented By: BHHS Fox & Roach-Chestnut Hill

Interior Features for 2700 W Girard Avenue

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Total Stories2

General for 2700 W Girard Avenue

AccessibilityOther
Architectural StyleOther
Cap Rate7.50
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsGirard Ave to 27th St.
Garage Y/NNo
Gross Income175803.61
HeatingForced Air
Lease TypeTriple Net, Yearly
Lot Size Square Feet4000.00
Lot Size UnitsSquare Feet
MLS Area19130 (19130)
ModificationTimestamp2025-03-26T14:06:13
MunicipalityPHILADELPHIA
Net Operating Income153610.48
New ConstructionNo
Number Of Units Total2
Number of Units Leased2
One Bedroom Units Count
Operating Expense22193.12
Other StructuresAbove Grade
OwnershipFee Simple
PossessionNegotiable
Price Per Sq Ft Total AG256.02
Property SubtypeDuplex
Property TypeMulti-Family
School DistrictPHILADELPHIA CITY
SewerPublic Sewer
Single Room Units Count2
Standard StatusActive
StatusACTIVE
Structure TypeEnd of Row/Townhouse
Subdivision NameBREWERYTOWN
Tax Annual Amount7921.0
Tax Assessed Value565900.0
Tax Lot311
Tax Year2024
Total Actual Rent160615.80
Total SQFT9000
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1925
Year Built SourceAssessor
ZoningCMX25

Exterior for 2700 W Girard Avenue

Foundation DetailsOther, Concrete Perimeter, Brick/Mortar
Land Assessed Value113180.00
Land Use CodeEB0
Lot Dimensions40.00 x 100.00
Lot Size Acres0.09
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Ebonie Clerier

Associate
Price $2,048,140
MLS#PAPH2461480
List Date 03/26/2025
Property Type Multi-Family
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