2613 Girard AvePhiladelphia, PA 19130

For Sale
$1,700,000

Fairmount, PA: Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property, located at 2613-15 W Girard Ave in Philadelphia's Fairmount neighborhood, presents a compelling value-add investment opportunity. The 5,889-square-foot building sits on a 2,700-square-foot lot and is zoned CMX-2.5. The ground floor comprises 2,234 square feet of retail space currently leased to Above and Beyond Early Learners Academy under a triple-net lease (NNN) through 2027, generating an average in-place rent of $28.28 per square foot. Above the retail space are six residential units: four studios and two one-bedroom apartments. These units currently rent for an average of $1,067 per month, with significant potential for rent increases to market rates of $1,433 per month. The property enjoys high visibility on W Girard Avenue, benefiting from approximately 9,700 vehicles passing daily. Its prime location offers easy access to Center City, major highways (I-76 and I-676), and nearby amenities including Fairmount Park and the Art Museum. This property is offered fee-simple and presents a rare chance to capitalize on the strong demand in this vibrant West Philadelphia submarket, with access to a large resident base exceeding 200,000 within Greater Philadelphia. The asking price is $1,700,000. The property's APN is 881070277.

Highlights

  • Exceptional mixed-use property in Philadelphia's Fairmount neighborhood.
  • 5,889-square-foot building on a 2,700-square-foot lot, CMX-2.5 zoning.
  • 2,234 square feet of retail space, NNN leased through 2027, $28.28/SF average rent.
  • Six residential units (four studios, two one-bedrooms), average rent $1,067/month, market rate potential of $1,433/month.
  • High visibility on Girard Ave (9,700+ vehicles daily), near Center City, I-76 & I-676, Fairmount Park, and the Art Museum.
  • Fee-simple offering, $1,700,000 asking price, APN 881070277.

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.974070837579
Longitude
-75.179349772687
2613 Girard Ave, Philadelphia, Pennsylvania

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2613 Girard Ave
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