8% Cap Rate, 8,000 SF. CMX25 building, 100% Leased Retail Building located in Brewerytown. Brewery town is a rapidly developing neighborhood of North Philadelphia. The Property recently underwent an exterior and interior renovation in 2018-2019, limited exposure to future deferred maintenance. Fulton Bank has more than 5 years remaining on a NNN* lease and ownership recently executed a new, 7-year lease with one five-year renewal - with significant rent increases during the initial term and annual increases in the option period - with a dance studio tenant for the second floor space. There is also an unfinished basement accessed through bilco doors on Girard Ave sidewalk. INVESTMENT GRADE CREDIT TENANT Headquartered in Lancaster, PA, Fulton Bank is a publicly traded (NASDAQ: FULT), investment grade credit rated tenant with a Baa2 rating from Moody’s and over $26B in total assets. More than 50% of Fulton's location footprint is in the Greater Philadelphia area and they have targeted Philadelphia as a significant growth market. RETAIL CORRIDOR - Girard Avenue is quickly becoming a main retail corridor with numerous restaurants and shops between 26th and 30th streets in addition to surrounding national retailers like ALDI, Fine Wine & Good Spirits, Dollar Tree and Boost Mobile.
Listed by Mark L Malfara
·
License #RS280250
·
BHHS Fox & Roach-Chestnut Hill
·
2153278416
Last updated August 04, 2025
·
Source: BrightMLS #PAPH2461480
Listing Facts
TypeMulti-family
NeighborhoodFairmount
Days on Prevu165
Taxes$7,921/year
Size8,000 sqft
Price per sqft$247
Location
Mortgage Calculator
Listing History
06/28/2025
Price Decreased
$1,973,900
03/26/2025
Listed by BHHS Fox & Roach-Chestnut Hill
$2,048,140
Property Details for 2700 W Girard Avenue
Exterior
Construction
New Construction: No
Number Of Units Total: 2
Stories Total: 2
Year Built: 1925
Architectural Style: Other
Construction Materials: Masonry
Features
Other Structures: Above Grade
Waterfront: No
Measurements
Lot Dimensions Source: Assessor
Lot Size Acres: 0.09
Lot Size Dimensions: 40
Lot Size Source: Assessor
Lot Size Square Feet: 4,000
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 7.5
Gross Income: $175,803.61
Operating Expense: $22,193.12
Operating Expense Includes: Insurance
Taxes
Tax Annual Amount: $7,921.00
Tax Year: 2024
Interior
Features
Fireplace: No
Measurements
Living Area: 8,000
Living Area Source: Assessor
Other
Features
Accessibility Features: Other
Location
Subdivision Name: BREWERYTOWN
Tax Lot: 311
Parking
Parking
Garage: No
Utilities
Equipment
Cooling: Central A/C
Heating: Forced Air
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
The data relating to real estate for sale on this website appears
in part through the BRIGHT Internet Data Exchange program, a voluntary
cooperative exchange of property listing data between licensed real
estate brokerage firms in which participates, and is provided by BRIGHT
through a licensing agreement. The information provided by this website
is for the personal, non-commercial use of consumers and may not be used
for any purpose other than to identify prospective properties consumers
may be interested in purchasing. Copyright BRIGHT, All Rights Reserved.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.