2511-15 Girard AvePhiladelphia, PA 19130

For Sale
$2,100,000

Philadelphia Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
94
This 11,382 square foot multi-tenant retail portfolio in Philadelphia's Fairmount neighborhood offers a compelling value-add investment opportunity. Located at a signalized corner with excellent visibility and high daily traffic (9,700 vehicles), the property boasts 100% occupancy across two buildings (2511 and 2517 W Girard Ave). The portfolio includes four tenants with a weighted average lease term exceeding four years, presenting immediate cash flow and future upside potential. Current leases range from triple-net to gross, with varying rental rates per square foot. The CMX-2.5 zoning allows for mixed-use development potential, further enhancing the investment's long-term value. The property benefits from its strategic location, providing easy access to major roadways (I-76, I-676), public transportation, and nearby amenities including Fairmount Park and the Art Museum. The 6,976 square foot lot size and the existing tenant base provide a solid foundation for a savvy investor seeking a strong return on investment in a vibrant Philadelphia submarket with access to a large residential population. The property is offered fee-simple. APN: 882921205, 882935885. Asking price is $2,100,000.

Highlights

  • 11,832 SF retail portfolio in Philadelphia's Fairmount/Brewerytown neighborhood.
  • Corner lot with high visibility, 9,700 vehicles per day, and strong residential foot traffic.
  • Value-add opportunity with by-right development potential, CMX-2.5 zoning.
  • Stable tenancy with a weighted average lease term exceeding four years.
  • Excellent transit access via I-76, I-676, Girard Avenue, and SEPTA's Girard Avenue Line, providing easy Center City access.

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.974098
Longitude
-75.178049
2511-15 Girard Ave, Philadelphia, Pennsylvania

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2511-15 Girard Ave
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