Address
2519-37 Germantown Avenue, Philadelphia, PA
Price
$ 3,250,000
Property Attributes
- MLS#PAPH2356248
- TypeCommercial
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19133
- Zip19133
- StyleInstitutional,Professional
- Year Built1935
- Taxes$ 1709
- Price$ 3,250,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.71 Acres
Data Source:
Bright MLS
Property Description
Introducing 2519-37 Germantown Avenue, located in the vibrant heart of Philadelphia, PA. This commercial property spans 53,598 square feet, with individual floors averaging 17,866 square feet. Purchased in 2005 and renovated in 2008, it has transformed from a lampshade factory into modern office spaces ideal for small to medium-sized businesses. Key features include two gated parking lots with 40+ spaces, ample street parking, a spacious elevator, and newly installed windows, bathrooms, and in-unit heating and cooling systems. Units range from 900 to over 3,500 square feet, providing flexibility for various business needs. The property is just a 15-minute drive from Center City and 2.5 miles from I-76 and I-95, with easy access to public transportation, including the Broad Street Line and multiple bus routes. Nearby attractions include Fotterall Square Park and Temple University. There are three units (A, B, and C) when entering the building. The walls feature exposed wooden beams, adding a charming aesthetic to the space. Tenants have the freedom to paint and decorate their units according to their liking. Each floor is equipped with four bathrooms, with two for women and two for men. The main floor features an elevator, providing convenient access to all levels of the building. You'll find a utility room to the left of unit 114. The property includes a garage for storage purposes, allowing businesses to conveniently store their equipment and supplies. The back parking lot measures 60 x 140. Additionally, there is parking available on the left side of the building. The majority (95%) of units and the roof are equipped with mini split systems. Mailboxes are available on-site for the convenience of tenants. Vending machines are available on the premises. There is a second entrance with a handicap accessible room. The property is equipped with a dry sprinkler system. Owned security cameras are strategically installed throughout the building, providing enhanced safety and security. There is an entrance leading to a storage area in the back hallway. An emergency back staircase is available for quick and safe evacuation.The roof is covered with rubber, which was installed in 2005 and regularly maintained to ensure functionality and prevent issues. The fire alarm panel is located on the first floor, ensuring quick response and safety measures. The property has one electric meter that is divided by unit. The second floor offers various amenities and features for businesses. Adjacent to the elevator, there is a mechanical room on the second floor. A fire suppression system is in place to ensure the safety of occupants. Rent is determined based on the square footage of each unit. The size of unit 215 is 1052.97 sq ft and has two splits.There is a designated washroom on the second floor for the convenience of tenants. Unit 213 is divided into four units (A, B, C, D). A staircase leads from the first floor to the second floor. The windows on the second floor have been replaced. Unit 211 features its original door frame. There is a storage room available on the second floor, offering additional space for businesses. Another flight of stairs is located in the front of the building, providing an alternative access point. All floors are equipped with LED and recessed lights, offering energy-efficient illumination throughout the property. Floor-level security lights enhance safety and visibility for occupants. A small unit is situated at the back, next to unit 206, and is accessible through another set of stairs. Enjoy breathtaking views of Philadelphia's iconic City Hall from the third floor. The third floor consists of four small units (A, B, C, D) and offers suitable space for long-term occupancy and stability. A storage area is available on the third floor, offering additional space for tenants. Access to the roof is provided via a ladder. A fire escape is available on the third floor.
| Price History | |
|---|---|
| 5/24/2024 | Listed $3,250,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Central A/C |
| Utilities | Electric Available,Phone Available |
| Possession | Settlement |
| Roof | Rubber,Shingle |
| Zoning | CMX2 |
| Security Features | Security System,Sprinkler System - Indoor,Surveillance Sys,Smoke Detector,Fire Detection System |
| Construction Materials | Masonry |
| Year Built | 1935 |
| Electric | 3 Phases |
| View | City |
| Property SubType | Mixed Use |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Institutional,Professional,Other |
| Building Name | ACME WIRE PRODUCTS BLDG |
| Accessibility | Level Entry - Main,Other,Elevator |
| County | PHILADELPHIA |
| Insurance Expense | 50798.00 |
| New Construction | No |
| Property Type | Commercial Sale |
| MaintenanceExpense | 50798.20 |
| Possible Use | Barber/Beauty,Commercial,Flex Space,Institutional,Mixed Use,Office,Professional Service,Retail |
| Water Access Y/N | No |
| Transportation | Bus Stop less than 1 mile,Commuter Rail Station less than 1 mile,Metro/Subway Station less than 1 mile |
| Status | ACTIVE |
| Directions | On Germantown Ave between 9th and 10th,W Cumberland and W Huntingdon St. |
| ModificationTimestamp | 2024-06-10T12:39:51 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2.5 |
| Zoning Description | Commercial |
| NumberOfUnitsTotal | 60 |
| MLS Area | 19133 (19133) |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 30927.60 |
| Tax Assessed Value | 0.0 |
| Waterfront Y/N | No |
| Street Name | GERMANTOWN |
| Tax Annual Amount | 1709.0 |
| Electric Expense | 13119.32 |
| Trash Expense | 10080.00 |
| Price Per Sq Ft Total AG | 60.64 |
| Acceptable Financing | Cash,Conventional |
| Vacation Rental Y/N | No |
| Virtual Tour | https://blue-bird-media.aryeo.com/videos/c09fdfd8-1381-4adc-ab9f-c98b448baec5 |
| Days on Market | 18 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 310 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Flooring | Heavy Duty,Wood |
| Hot Water | Electric |
| Total Stories | 3 |
| Heating Y/N | Yes |
| Central Air Y/N | Yes |
| Total Restrooms | 12 |
| Entry Level | 1 |
| Number of Elevators | 1 |
Exterior Features
| Parking Features | Paved Parking,Fenced |
|---|---|
| Water Source | Public |
| Total Parking Spaces | 40 |
| Type of Parking | Parking Lot |
| Land Use Code | BA0 |
| Water View Y/N | No |
| Building Area Total | 53598.00 |
| Street Suffix | AVENUE |
| Lot Size Acres | 0.71 |
| Lot Size Source | Estimated |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Car Parking Spaces | 40 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 19133
Price
Taxes
Visits
Year Built
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