Views - Eco Friendly
Listed By:
Keller Williams Realty - Kennett Square
Address
2519-37 Germantown Avenue, Philadelphia, PA
Price
$ 4,500,000
Property Attributes
  • MLS#PAPH2251878
  • TypeCommercial
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19133
  • Zip19133
  • StyleInstitutional,Professional
  • Year Built1935
  • Taxes$ 1709
  • Price$ 4,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.71 Acres
Data Source:
Bright MLS
Property Description

Welcome to 2519-37 Germantown Avenue, located in the vibrant city of Philadelphia, PA. This commercial property offers a range of features and amenities to meet the diverse needs of businesses. This is a 53,598 Sq Ft space with the typical floor size being 17,866 Sq Ft. Formerly a lampshade property, this building was purchased in 2005 and renovated in 2008 into office spaces designed to support small to medium business professionals. The building features 2 new gated parking lots with 40+ parking spaces available, a large elevator, new windows, bathrooms, in unit heating and cooling and plenty of street parking. The units range from over 900 Sq Ft to over 3,500 Sq Ft. This property is only a 15 minute drive to Center City and 2.5 miles to I-76 and I-95. It is within walking distance to Broad Street Line and multiple bus routes, 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 majority (90-95%) of the units are currently occupied. 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
6/28/2023 Listed $7,000,000
7/31/2023 5% - $6,650,000
9/8/2023 10% - $5,999,999
1/28/2024 25% - $4,500,000

General Features

Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Negotiable
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
Property SubType Office
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Electric
Business Type Institutional,Professional,Other
Accessibility Level Entry - Main,Other,Elevator
County PHILADELPHIA
New Construction No
Property Type Commercial Sale
Water Access Y/N No
Status ACTIVE
Directions On Germantown Ave between 9th and 10th,W Cumberland and W Huntingdon Sts.
ModificationTimestamp 2024-04-24T12:00:00
City PHILADELPHIA
Buyer Agent Compensation 2.5
MLS Area 19133 (19133)
Lot Size Square Feet 30927.60
Tax Assessed Value 0.0
Waterfront Y/N No
Street Name GERMANTOWN
Tax Annual Amount 1709.0
Property Condition Good
Price Per Sq Ft 84.27
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 308
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
Heating Y/N Yes
Street Suffix AVENUE
Central Air Y/N Yes

Exterior Features

Water Source Public
Total Parking Spaces 40
Type of Parking Parking Lot
Land Use Code BA0
Water View Y/N No
Building Area Total 53398.00
Lot Size Acres 0.71
Lot Size Units Square Feet
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
AVG $530K
$4.5M
Taxes
AVG $3,846
$1,709
Visits
AVG 115
440
Data Provided by Inside Real Estate®
Year Built
AVG 1919
1935
Walkscore
AVG 80
79
Data Provided by Walkscore® not using MLS data

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