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Listing Details

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School Ratings & Info

Description

Welcome to 2607 N Germantown Ave. This is a great investment opportunity for someone looking to open or expand a takeout restaurant on the busy and bustling Germantown Avenue! In addition to the building, the owner is also selling the license for In & Out Grill. This is a commercial & residential property. The first floor has a take-out restaurant, with established customers. The restaurant has been recently renovated with all state-of-the-art industrial kitchen equipment and appliances, a powder room and office. The basement spans the size of the building. The restaurant generates a minimum of $18,000 per month!! Nearby, there are many shops and public transportation.The 1st floor rear has 2 apartments, and the 2nd floor has 1 huge apartment. All residential units require renovations and is ready for your design concepts and finishing touches. Comparable rentals in the area are renting similar for at least $900 - 1,200 per month. This building is a "cash cow". The numbers makes sense, the seller is motivated. Let's get this deal to the table.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lux Living Group | Keller Williams Main Line. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-21T09:55:40.183.
www.luxlivinggroup.com/homes/118980822
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2607 Germantown Avenue PHILADELPHIA, PA 19133

  • Price: $370,000
  • Status: Active
  • Updated: 71 min ago
  • ID#: PAPH2006992
0
Beds
0
Baths
0
½ Baths
0.04
Acres
1960
Built
Neighborhood:
19133 (19133)
County:
Philadelphia
Area:
19133 (19133)
School District:
The School District Of Philadelphia
Property Description
Welcome to 2607 N Germantown Ave. This is a great investment opportunity for someone looking to open or expand a takeout restaurant on the busy and bustling Germantown Avenue! In addition to the building, the owner is also selling the license for In & Out Grill. This is a commercial & residential property. The first floor has a take-out restaurant, with established customers. The restaurant has been recently renovated with all state-of-the-art industrial kitchen equipment and appliances, a powder room and office. The basement spans the size of the building. The restaurant generates a minimum of $18,000 per month!! Nearby, there are many shops and public transportation.The 1st floor rear has 2 apartments, and the 2nd floor has 1 huge apartment. All residential units require renovations and is ready for your design concepts and finishing touches. Comparable rentals in the area are renting similar for at least $900 - 1,200 per month. This building is a "cash cow". The numbers makes sense, the seller is motivated. Let's get this deal to the table.
Exterior Features

Construction Materials Masonry Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 2880.00 Cooling None Exclusions Cash RegisterJack & Jill ice Cream Refrigerator On Lease With Option For New Owner To Take Over Heating None Inclusions Walk in CoolerWalk in Cooler CompressorChest FreezerFreezerIce MakerBeverage RefrigeratorSalad Bar RefrigeratorCommercial GrillDeep FryerStoveCommercial Exhaust Hood3 Compartment Commercial SinkSingle Garbage Disposal SinkSingle Food Prep SinkGrease StopHand Wash SinkMop SinkCounter TableBullet Proof GlassHanging Shelf5 ShelvesMenu BoardFront Store Sign AwningCamera System And Tv For Camera System. Net Square Feet 2880.00 Security Features Smoke DetectorSurveillance Sys

Property Features

Acceptable Financing CashConventionalOther Accessibility Features None Assessment Year 2021 Association YN No Business Type Apartment BuildingRestaurant/Bar Central Air YN No Cooling Fuel Electric Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Lease Considered YN No Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 0 Operating Expense Includes ElectricHeating/CoolingInsuranceTrashWater Original MLSNumber 800823556402 Ownership Interest Fee Simple Possession Immediate Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 957.00 Tax Assessment Amount 68400.00 Tax Lot 90 Utilities Electric AvailableNatural Gas AvailableWater Available Vacation Rental YN No Water Source Public Zoning Cmx2

Listing courtesy of Sherman Toppin Real Estate Llc.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lux Living Group | Keller Williams Main Line. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-21T09:55:40.183.
 
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720 W Lancaster Ave
Bryn Mawr PA, 19010