2700 W Girard Ave Philadelphia, PA 19130
Fairmount NeighborhoodEstimated payment $11,415/month
Total Views
5,168
--
Bed
--
Bath
8,000
Sq Ft
$247
Price per Sq Ft
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,921
Year Built
- Built in 1925 | Remodeled in 2018
Lot Details
- 4,000 Sq Ft Lot
- Lot Dimensions are 40.00 x 100.00
Parking
- On-Street Parking
Home Design
- Duplex
- Brick Foundation
- Concrete Perimeter Foundation
- Masonry
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 311
- Assessor Parcel Number 882935925
Community Details
Overview
- 2 Units
- 2-Story Building
- Brewerytown Subdivision
Building Details
- Income includes apartment rentals
- Operating Expense $22,193
- Net Operating Income $153,610
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,742 | $565,900 | $113,180 | $452,720 |
| 2024 | $7,742 | $565,900 | $113,180 | $452,720 |
| 2023 | $7,742 | $553,100 | $110,628 | $442,472 |
| 2022 | $7,086 | $553,100 | $110,628 | $442,472 |
| 2021 | $7,086 | $0 | $0 | $0 |
| 2020 | $7,086 | $0 | $0 | $0 |
| 2019 | $7,034 | $0 | $0 | $0 |
| 2018 | $7,040 | $0 | $0 | $0 |
| 2017 | $6,271 | $0 | $0 | $0 |
| 2016 | $6,271 | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $448,000 | $100,000 | $348,000 |
| 2012 | -- | $24,480 | $7,193 | $17,287 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/27/2025 06/27/25 | Price Changed | $1,973,900 | -3.6% | $247 / Sq Ft |
| 03/26/2025 03/26/25 | For Sale | $2,048,140 | -- | $256 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,440,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,496,000 | Unknown |
Source: Public Records
Similar Homes in Philadelphia, PA
Source: Bright MLS
MLS Number: PAPH2461480
APN: 882935925
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