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Turnkey Mixed-Use with $1M CapEx 2446-50 Germantown Ave 15,300 SF Vacant Flex Building Online Auction Sale Philadelphia, PA 19133

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INVESTMENT HIGHLIGHTS

  • Subject property is a 15,300-square-foot, three-level commercial building originally constructed in 1920 and underwent $1M CapEx in 2020.
  • $1M worth of renovations elevated the property from a flex shell to premium office/ retail suites awaiting strong leasing momentum.
  • Located just a few blocks from Temple University, a public institution with more than 30,000 students enrolled annually, and an immediate workforce.
  • Landmark location in North Philadelphia’s rapidly evolving 19133 commercial corridor with excellent visibility and foot traffic.
  • Mixed-use suites are ideal for a range of permitted uses, including day care, spa, health club, medical office, institution, business admin, etc.

EXECUTIVE SUMMARY

Keller Williams proudly presents the business owner/ investor opportunity to acquire the premier mixed-use building at 2446-2450 Germantown Avenue in the Hartraft neighborhood of North Philadelphia.

The 1920s masonry building was last purchased in 2020 and has since undergone $1 million worth of capital expenditures to transform the shell flex interior into next-level mixed-use suites across all three stories. Presented vacant to the market, this is a one-of-a-kind investment or business opportunity for an operator to acquire a cash-generating asset via above-market leasing strategies. The available spaces would suit various businesses, including medical/professional offices, a charter school, a professional workspace, or the conversion of the upper levels to apartments.

Features include private offices, updated restrooms, high ceilings, and recessed lighting throughout, creating a bright, professional environment perfect for a variety of business types. The first floor has a 13' ceiling height, the second floor has 12', and the third floor has 15-20' (A-frame). With these soaring ceiling heights, ample space, and central location, the potential is endless. A remote-controlled, 11-foot-high rolling gate makes for easy delivery and parking. The property features separate entrances to the first floor and the top two floors, allowing for the rental of either the top floors or the bottom floor individually. The single door provides access to the ground level, while the double doors give access to the second and third floors. There are additional stairs at the rear of the building that provide an alternative access to the upstairs and rear egress.

2446-2450 Germantown Avenue is zoned CMX2 and offers a configurable layout to meet all business needs. Located right on Germantown Avenue, this building provides exceptional visibility and foot traffic, just minutes from Center City and Fishtown. Steps away from public transportation, local shops, and neighborhood amenities, this location is truly a game-changer for businesses to grow and thrive - ideal for clients and staff.

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3D Exterior

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ATTACHMENTS

Floor Plan
Floor Plan
Floor Plan

DATA ROOM Click Here to Access

MARKET ANALYTICS Click Here to Access

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Market Sale Price per SF

Philadelphia - PA USA

Market Cap Rate

Philadelphia - PA USA

Market Sale Price per SF by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Cap Rate by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Sale Price per SF Distribution

Market Cap Rate Distribution

PROPERTY FACTS

Sale Type Investment
Sale Condition Auction Sale
Type of Ownership Fee Simple
Property Type Flex
Building Class C
Lot Size 0.12 AC
Rentable Building Area 15,300 SF
No. Stories 3
Year Built/Renovated 1920/2020
Parking Ratio 0.39/1,000 SF
Clear Ceiling Height 17’
No. Drive In / Grade-Level Doors 1
Zoning CMX2 - Mixed Use
Parcel Number 884347635

AMENITIES

  • Front Loading
  • Storage Space
  • Air Conditioning
  • Smoke Detector

UTILITIES

  • Lighting
  • Water - City
  • Sewer - City

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 5,100 SF
  • Industrial
  • Full Build-Out
  • Now

Monthly rent is $5,100 plus Utilities.

  • 2nd Floor
  • 5,100 SF
  • Office
  • Full Build-Out
  • Now

Monthly rent is $5,100 plus Utilities.

  • 3rd Floor
  • 5,100 SF
  • Flex
  • Full Build-Out
  • Now

Monthly rent is $5,100 plus Utilities.

Space Size Space Use Condition Available
1st Floor 5,100 SF Industrial Full Build-Out Now
2nd Floor 5,100 SF Office Full Build-Out Now
3rd Floor 5,100 SF Flex Full Build-Out Now

1st Floor

Size
5,100 SF
Space Use
Industrial
Condition
Full Build-Out
Available
Now

2nd Floor

Size
5,100 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Floor

Size
5,100 SF
Space Use
Flex
Condition
Full Build-Out
Available
Now

1st Floor

Size 5,100 SF
Space Use Industrial
Condition Full Build-Out
Available Now

Monthly rent is $5,100 plus Utilities.

2nd Floor

Size 5,100 SF
Space Use Office
Condition Full Build-Out
Available Now

Monthly rent is $5,100 plus Utilities.

3rd Floor

Size 5,100 SF
Space Use Flex
Condition Full Build-Out
Available Now

Monthly rent is $5,100 plus Utilities.

Walk Score®
Very Walkable (84)
Transit Score®
Excellent Transit (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

DEMOGRAPHICS

REGIONAL ACCESSIBILITY

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
Philadelphia
1,584,138
1
0 h 4 m
New York
8,398,748
93
2 h 6 m
Washington
702,455
140
3 h 2 m
Boston
694,583
305
6 h 21 m
Columbus
892,533
474
9 h 11 m
Charlotte
872,498
539
10 h 41 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
2,281,242
Total Labor Force
1,156,161
Unemployment Rate
4.52%
Median Household Income
$61,871
Warehouse Employees
139,980
High School Education Or Higher
88.90%
$ values in USD

SALE ADVISOR

SALE ADVISOR

Auri Rodriguez
Auri has served the Pennsylvania real estate market with a dedicated passion. Auri strives to deliver a smooth transactional process to clients with various goals.

ABOUT THE AUCTION TECHNOLOGY

Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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AUCTION CONTACT

Victoria Quade
Auctioneer License: Ten-X Arlene Richardson RE Broker RB068364. Ten-X Commercial Auction Firm AY002443, Auctioneer Arlene Richardson AU006275
  • Listing ID: 38667004

  • Date on Market: 2025-12-26

  • Last Updated:

  • Address: 2446-50 Germantown Ave, Philadelphia, PA 19133

3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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