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Property Description

Great investment opportunity in Mt Airy. This Mixed use triplex can be a great opportunity for a savvy buyer or investor. The property next door at 7122 Germantown Ave is also being sold at $700k each building. Both ground floor commercial spaces have tenants. the other floors left unoccupied. Previous tenants were medical practitioners that used the entire building. The Condos across the street at 7111 Germantown are selling for $540,000 and up. This is a chance to create a modern living space that rival the condos without having association fees plus gaining cash flow from the other apartments. If you take the investor approach, the building is zoned Cmx2.5 you can build additional floors, and get more units. Cmx 2.5 allows a developer to build up to 55ft in height which will equal to 5 floors on each building.
This property would also work well for a cafe or coffee shop owner that can take advantage of the traffic and residential support and strength of this community. Seller is open to seller financing, and will hold the note.

The possibilities are endless, Bring your vision and creativity.

Features
0
: Masonry
N
: Electric
: Natural gas
: Natural gas
0
N
N
N
MLS Addon
Frink Realty, LLC
Taison DeVore
Annually
Annually
801096325660
THE SCHOOL DISTRICT OF PHILADELPHIA
0 Acre
0 Acre
0
: Good
0 Acre
No
: Standard
$3,689
2023
CMX25
: Public Sewer
: Public
Other/General Retail
Commercial Features
0 Acre

Commercial Sale

7120 GERMANTOWN AVENUE, PHILADELPHIA, Pennsylvania 19119

0.04 Acre
$620,000
Listing ID #PAPH2221310
Basic Details
Property Type : Commercial Sale
Listing Type : Residential Sale
Listing ID : PAPH2221310
Price : $620,000
Year Built : 1900
Lot Size : 0.04 Acre
State : PA
County : PHILADELPHIA
City : PHILADELPHIA
Zipcode : 19119
Status : ACTIVE
Subdivision Name : MT AIRY
Property Sub Type : Mixed Use
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