3526 Germantown AvePhiladelphia, PA 19140

This fee-simple mixed-use property at 3526 Germantown Avenue in Philadelphia, PA 19140 presents a compelling value-add investment opportunity. The three-story building, totaling 3,072 square feet, sits on a CMX2 zoned lot and offers significant development potential. Currently vacant, the property requires some work, including the erection of a wall separating it from the adjacent building at 3522 Germantown Avenue, and the removal of existing contents left by the previous business owner. The asking price is $185,000, translating to $60.22 per square foot. The building's existing structure is usable, and preliminary assessments suggest the potential for conversion into a four-unit residential building (buyer to verify with an architect). The property boasts high foot traffic due to its location on the vibrant Germantown Avenue corridor. Additionally, 38 square feet of air rights are included. This property offers a projected 10% capitalization rate, making it an attractive prospect for investors seeking a development project with strong potential for rental income. Serious inquiries only