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Listed by David Feldman • Compass Pennsylvania, LLC
$450,000
Est. payment /mo
2,782 Sqft Lot
Active
5302 WAYNE AVE Philadelphia, PA 19144
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Additional details
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Germantown (West)
MLS Listing ID PAPH2616850
Year Built 1890
Annual Tax Amount $2,406
Tax Year 2025
Lot Size 2,782 Sqft
Acres 0.06
Lot Dimensions 26.00 x 107.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Fantastic value add investment opportunity in the heart of West Germantown, close to Chelten Avenue corridor and Wayne Junction, with extensive transit access. Steadily growing commercial corridor with tremendous upside opportunity. Currently ready to deliver vacant, was recently rented with total annual rental income of $90,000, approximately 15% CAP RATE
Includes two storefronts, most recently used as office space in one ($1200), and ice cream store ($950) in the other. Four residential units with partial updates including (with last rents) one 2 bedroom ($2100), two1 bedroom units ($1900 and $750) and one efficiency ($600). All electric heating and hot water, separately metered.
Bright units with north, south and east exposures across three floors in converted Victorian grand home. Most recent rentals had city rental licenses.
Includes two storefronts, most recently used as office space in one ($1200), and ice cream store ($950) in the other. Four residential units with partial updates including (with last rents) one 2 bedroom ($2100), two1 bedroom units ($1900 and $750) and one efficiency ($600). All electric heating and hot water, separately metered.
Bright units with north, south and east exposures across three floors in converted Victorian grand home. Most recent rentals had city rental licenses.
Location
State PA
County Philadelphia
Area 19144 (19144)
Zoning RTA1
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871518640
Ownership Fee Simple
Special Listing Condition Standard
