Tracy Germain - Coldwell Banker Hearthside
250 E Girard Ave
PHILADELPHIA, PA 19125

$1,150,000

Description

Location Location Location! Here are two CMX-2 mixed-use properties sold together 250(871523520) and 252(871600565) E. Girard Ave, with apartments above and a long term tenant downstairs. Ekta Indian Cuisine offering the best Indian food around for 10yrs and they just signed on for another 10 years! Zagat reviewed at 4.5. Great long term tenant! Above the restaurant you will find? 3 apartments. 250 East Girard has on bi-level 2/3 bedroom apartment and 252 East Girard has two 2 bedroom apartments. The apartments are being leased and will bring in $4000 a month, totaling $7300 in gross income. These two adjoined properties are situated on the Girard Avenue Commercial Corridor, and less than two blocks from the Frankford Avenue, intersecting Fishtown's other major commercial corridor. While Fishtown was already a solid neighborhood with longtime resident's, it's experienced an explosion of newer development the last 5-10 years, and it doesn't appear to be stopping anytime soon. The potential of these two properties is endless! There are also approved plans to build a 4th floor and plans and renderings can be provided. The neighborhood is nestled along the Delaware River, with close proximity to Center City, public transportation and major highways. Fishtown and its immediate vicinity has a variety of different bars and restaurants to dine in, multiple live music venue's, numerous little shops, yoga studio's, breweries and distilleries, a comedy club, bowling alleys, parks, as well as a second boutique hotel, popping up soon. The time to buy is now

Details

MLS#1001548278
Sub-TypeResale
StatusActive
Year1919
Days On Site86

Features

Market Activity 19125

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19125
Area19125 (19125)
Listing VS Median (in 19125)
Price:
$1,150,000
low | high
Med:
$304,999
100% of Average
On Site:
86
low | high
Med:
37
100% of Average
Listing Updated: 08/16/2018
MLS Number: 1001548278
Listing Provided By:
Dominic V Fuscia  of  Coldwell Banker Preferred-Old City

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