Listed by MPN Realty, Inc.
$1,950,000
5700 Germantown Ave
Details
Property Type Mixed Use
Sub Type Redevelopment
Square Footage 22,050
Units 17
Tenancy Vacant
Price per SqFt $88
Broker Co-Op Yes
Year Built 1900
Buildings 1
Stories 3
Lot Size (SqFt) 7,350
Zoning CMX-2.5
Investment Type Redevelopment
Sale Condition For sale by owner
FULLY APPROVED REDEVELOPMENT OPPORTUNITY IN QOZ
Marketing description
MPN Realty is pleased to exclusively offer an opportunity to acquire and redevelop 5700 Germantown Avenue in the Germantown neighborhood of Philadelphia. This redevelopment site has approval for the following: (16) Residental Units and (1) Street Level Commercial Unit. As a fully approved redevelopment opportunity, the purchase of the site will include: Zoning Permits, Building Permits, MEP’s Paid for, Full Set of Construction Plans, Full 10-year tax abatement. Situated on the corner of Germantown Avenue and Chelten Avenue, this fully approved site is located within a designated Qualified Opportunity Zone (QOZ).
Investment highlights
- Fully Approved Redevelopment Opportunity
- Qualified Opportunity Zone (QOZ)
- 16 Residential Units + 5,745 +/- SF Commercial Space
- Full Set of Construction Plans
- Issued and Paid for Building & MEP Permits
- Exposure on 3 sides
- Signalized Corner in the heart of Germantown’s Commercial Corridior
- Full 10-Year Tax Abatement
- Already Approved Historic Tax Credits Available
Listing Contacts
Listed by MPN Realty, Inc.
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