Former Princess Furniture Store | 5700-5704 Germantown Ave
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Former Princess Furniture Store 5700-5704 Germantown Ave
22,050 SF 75% Leased Retail Building Philadelphia, PA 19144 $1,950,000 ($88/SF)
Investment Highlights
- This redevelopment site has approval for the following: (16) Residential Units and (1) Street Level Commercial Unit.
- This property benefits from high visibility and foot traffic.
- Nearby amenities include local shops, restaurants, parks, and cultural institutions.
- Situated on a prominent corner of Germantown Avenue.
- It is well-connected to public transportation and major roadways, making it easily accessible for both residents and businesses.
Executive Summary
MPN Realty is pleased to exclusively offer an opportunity to acquire and redevelop 5700 Germantown Avenue in the Germantown
neighborhood of Philadelphia. This redevelopment site has approval for the following: (16) Residental Units and (1) Street Level
Commercial Unit. As a fully approved redevelopment opportunity, the purchase of the site will include: Zoning Permits, Building
Permits, MEP’s Paid for, Full Set of Construction Plans, Full 10-year tax abatement. Situated on the corner of Germantown Avenue
and Chelten Avenue, this fully approved site is located within a designated Qualified Opportunity Zone (QOZ).
neighborhood of Philadelphia. This redevelopment site has approval for the following: (16) Residental Units and (1) Street Level
Commercial Unit. As a fully approved redevelopment opportunity, the purchase of the site will include: Zoning Permits, Building
Permits, MEP’s Paid for, Full Set of Construction Plans, Full 10-year tax abatement. Situated on the corner of Germantown Avenue
and Chelten Avenue, this fully approved site is located within a designated Qualified Opportunity Zone (QOZ).
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront
Building Size
22,050 SF
Building Class
C
Year Built
1941
Price
$1,950,000
Price Per SF
$88
Percent Leased
75%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.20
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
CMX25 - Commercial Mixed Use
Frontage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,500-5,500 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 2,500-5,500 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 2,500-5,500 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Walk Score ®
Walker's Paradise (92)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 882927655 | Improvements Assessment | $622,560 |
| Land Assessment | $155,640 | Total Assessment | $778,200 |
PROPERTY TAXES
Parcel Number
882927655
Land Assessment
$155,640
Improvements Assessment
$622,560
Total Assessment
$778,200
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Former Princess Furniture Store | 5700-5704 Germantown Ave
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