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2624 Germantown Ave 2,496 SF Vacant Retail Building Philadelphia, PA 19133 $521,110 CAD ($208.78 CAD/SF) 7.69% Cap Rate



Investment Highlights
- Fully rehabbed top to bottom with high-quality finishes and craftsmanship throughout, every system updated.
- Three furnished efficiency apartments upstairs, each with a full bath, rent-ready or move-in ready from day one.
- Prime Germantown Ave corridor with strong foot traffic, excellent transit access, and active neighborhood investment.
- Ground floor commercial space with two bathrooms, private outdoor area, and basement access, ready for your business vision.
- All furniture included in the sale, adding immediate value with zero delay on income generation.
Executive Summary
Fully rehabbed from top to bottom, 2624 Germantown Ave is a rare mixed-use property that delivers income potential, operational flexibility, and immediate livability in one turnkey package. Whether you're an investor, an owner-operator, or someone looking to do both, this building was built for you.
The ground floor commercial space is wide open and ready for your vision. With two full bathrooms, a private outdoor area, and access to a clean, spacious basement, the space is well-suited for a storefront, boutique office, creative studio, wellness practice, or service-based business. The layout gives you real options, and the condition means you can focus on building your business rather than finishing someone else's renovation.
Upstairs, three fully furnished efficiency apartments each feature a private full bathroom and thoughtful finishes throughout. All furniture is included in the sale, so each unit is genuinely move-in or rent-ready from the moment you close. For an investor, that means income without delay. For an owner-occupant, it means flexibility to live in one unit while the others work for you.
Every system in this building has been updated as part of a comprehensive, high-quality rehab. The craftsmanship is evident throughout, and the attention to detail sets this property apart from the typical mixed-use flip. This is not a cosmetic renovation. It was done right.
Situated on Germantown Avenue, one of Philadelphia's most historically significant and actively invested corridors, this property benefits from strong pedestrian foot traffic, multiple transit options, and a neighborhood that continues to attract community investment and new energy. The location supports both a thriving commercial tenant and residential renters who want walkability and connectivity.
The opportunity here is genuine. Run your business from the ground floor while collecting rent from three units above. Lease all four spaces and build steady, diversified cash flow. Or simply secure a well-positioned asset on one of the city's most storied avenues. However you approach it, 2624 Germantown Ave is ready to deliver. Schedule your showing today.
The ground floor commercial space is wide open and ready for your vision. With two full bathrooms, a private outdoor area, and access to a clean, spacious basement, the space is well-suited for a storefront, boutique office, creative studio, wellness practice, or service-based business. The layout gives you real options, and the condition means you can focus on building your business rather than finishing someone else's renovation.
Upstairs, three fully furnished efficiency apartments each feature a private full bathroom and thoughtful finishes throughout. All furniture is included in the sale, so each unit is genuinely move-in or rent-ready from the moment you close. For an investor, that means income without delay. For an owner-occupant, it means flexibility to live in one unit while the others work for you.
Every system in this building has been updated as part of a comprehensive, high-quality rehab. The craftsmanship is evident throughout, and the attention to detail sets this property apart from the typical mixed-use flip. This is not a cosmetic renovation. It was done right.
Situated on Germantown Avenue, one of Philadelphia's most historically significant and actively invested corridors, this property benefits from strong pedestrian foot traffic, multiple transit options, and a neighborhood that continues to attract community investment and new energy. The location supports both a thriving commercial tenant and residential renters who want walkability and connectivity.
The opportunity here is genuine. Run your business from the ground floor while collecting rent from three units above. Lease all four spaces and build steady, diversified cash flow. Or simply secure a well-positioned asset on one of the city's most storied avenues. However you approach it, 2624 Germantown Ave is ready to deliver. Schedule your showing today.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,496 SF
Building Class
C
Year Built/Renovated
1915/2023
Price
$521,110 CAD
Price Per SF
$208.78 CAD
Cap Rate
7.69%
NOI
$40,079 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.11
Lot Size
0.03 AC
Zoning
CMX2 - mixed use
Frontage
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 871551750 | Improvements Assessment | $112,197 CAD |
| Land Assessment | $28,049 CAD | Total Assessment | $140,246 CAD |
Property Taxes
Parcel Number
871551750
Land Assessment
$28,049 CAD
Improvements Assessment
$112,197 CAD
Total Assessment
$140,246 CAD
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