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Turnkey Mixed-Use with $1M CapEx 2446-50 Germantown Ave 15,300 SF Vacant Flex Building Online Auction Sale Philadelphia, PA 19133



Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- Subject property is a 15,300-square-foot, three-level commercial building originally constructed in 1920 and underwent $1M CapEx in 2020.
- $1M worth of renovations elevated the property from a flex shell to premium office/ retail suites awaiting strong leasing momentum.
- Located just a few blocks from Temple University, a public institution with more than 30,000 students enrolled annually, and an immediate workforce.
- Landmark location in North Philadelphia’s rapidly evolving 19133 commercial corridor with excellent visibility and foot traffic.
- Mixed-use suites are ideal for a range of permitted uses, including day care, spa, health club, medical office, institution, business admin, etc.
EXECUTIVE SUMMARY
Keller Williams proudly presents the business owner/ investor opportunity to acquire the premier mixed-use building at 2446-2450 Germantown Avenue in the Hartraft neighborhood of North Philadelphia.
The 1920s masonry building was last purchased in 2020 and has since undergone $1 million worth of capital expenditures to transform the shell flex interior into next-level mixed-use suites across all three stories. Presented vacant to the market, this is a one-of-a-kind investment or business opportunity for an operator to acquire a cash-generating asset via above-market leasing strategies. The available spaces would suit various businesses, including medical/professional offices, a charter school, a professional workspace, or the conversion of the upper levels to apartments.
Features include private offices, updated restrooms, high ceilings, and recessed lighting throughout, creating a bright, professional environment perfect for a variety of business types. The first floor has a 13' ceiling height, the second floor has 12', and the third floor has 15-20' (A-frame). With these soaring ceiling heights, ample space, and central location, the potential is endless. A remote-controlled, 11-foot-high rolling gate makes for easy delivery and parking. The property features separate entrances to the first floor and the top two floors, allowing for the rental of either the top floors or the bottom floor individually. The single door provides access to the ground level, while the double doors give access to the second and third floors. There are additional stairs at the rear of the building that provide an alternative access to the upstairs and rear egress.
2446-2450 Germantown Avenue is zoned CMX2 and offers a configurable layout to meet all business needs. Located right on Germantown Avenue, this building provides exceptional visibility and foot traffic, just minutes from Center City and Fishtown. Steps away from public transportation, local shops, and neighborhood amenities, this location is truly a game-changer for businesses to grow and thrive - ideal for clients and staff.
The 1920s masonry building was last purchased in 2020 and has since undergone $1 million worth of capital expenditures to transform the shell flex interior into next-level mixed-use suites across all three stories. Presented vacant to the market, this is a one-of-a-kind investment or business opportunity for an operator to acquire a cash-generating asset via above-market leasing strategies. The available spaces would suit various businesses, including medical/professional offices, a charter school, a professional workspace, or the conversion of the upper levels to apartments.
Features include private offices, updated restrooms, high ceilings, and recessed lighting throughout, creating a bright, professional environment perfect for a variety of business types. The first floor has a 13' ceiling height, the second floor has 12', and the third floor has 15-20' (A-frame). With these soaring ceiling heights, ample space, and central location, the potential is endless. A remote-controlled, 11-foot-high rolling gate makes for easy delivery and parking. The property features separate entrances to the first floor and the top two floors, allowing for the rental of either the top floors or the bottom floor individually. The single door provides access to the ground level, while the double doors give access to the second and third floors. There are additional stairs at the rear of the building that provide an alternative access to the upstairs and rear egress.
2446-2450 Germantown Avenue is zoned CMX2 and offers a configurable layout to meet all business needs. Located right on Germantown Avenue, this building provides exceptional visibility and foot traffic, just minutes from Center City and Fishtown. Steps away from public transportation, local shops, and neighborhood amenities, this location is truly a game-changer for businesses to grow and thrive - ideal for clients and staff.
MATTERPORT 3D TOURS
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MATTERPORT 3D TOURS
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STREET VIEW
STREET
MAP
DATA ROOM Click Here to Access
- Purchase Agreement
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
| Sale Type | Investment | No. Stories | 3 |
| Sale Condition | Auction Sale | Year Built/Renovated | 1920/2020 |
| Type of Ownership | Fee Simple | Parking Ratio | 0.39/1,000 SF |
| Property Type | Flex | Clear Ceiling Height | 17’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.12 AC | Parcel Number | 884347635 |
| Rentable Building Area | 15,300 SF | ||
| Zoning | CMX2 - Mixed Use | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 0.12 AC |
| Rentable Building Area | 15,300 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2020 |
| Parking Ratio | 0.39/1,000 SF |
| Clear Ceiling Height | 17’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | CMX2 - Mixed Use |
| Parcel Number | 884347635 |
AMENITIES
- Front Loading
- Storage Space
- Air Conditioning
- Smoke Detector
UTILITIES
- Lighting
- Water - City
- Sewer - City
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Monthly rent is $5,100 plus Utilities.
Monthly rent is $5,100 plus Utilities.
Monthly rent is $5,100 plus Utilities.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 5,100 SF | Industrial | Full Build-Out | Now |
| 2nd Floor | 5,100 SF | Office | Full Build-Out | Now |
| 3rd Floor | 5,100 SF | Flex | Full Build-Out | Now |
1st Floor
| Size |
| 5,100 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 5,100 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Floor
| Size |
| 5,100 SF |
| Space Use |
| Flex |
| Condition |
| Full Build-Out |
| Available |
| Now |
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MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 5,100 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Monthly rent is $5,100 plus Utilities.
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MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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STREET VIEW
STREET
MAP
2nd Floor
| Size | 5,100 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Monthly rent is $5,100 plus Utilities.
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MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3rd Floor
| Size | 5,100 SF |
| Space Use | Flex |
| Condition | Full Build-Out |
| Available | Now |
Monthly rent is $5,100 plus Utilities.
Walk Score®
Very Walkable (84)
Transit Score®
Excellent Transit (81)
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Philadelphia
1,584,138
1
0 h 4 m
New York
8,398,748
93
2 h 6 m
Washington
702,455
140
3 h 2 m
Boston
694,583
305
6 h 21 m
Columbus
892,533
474
9 h 11 m
Charlotte
872,498
539
10 h 41 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
2,281,242
Total Labor Force
1,156,161
Unemployment Rate
4.52%
Median Household Income
$61,871
Warehouse Employees
139,980
High School Education Or Higher
88.90%
SALE ADVISOR
Auri Rodriguez
Auri has served the Pennsylvania real estate market with a dedicated passion. Auri strives to deliver a smooth transactional process to clients with various goals.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
AUCTION CONTACT
Victoria Quade
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Broker RB068364. Ten-X Commercial Auction Firm AY002443, Auctioneer Arlene Richardson AU006275
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MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOURS
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Turnkey Mixed-Use with $1M CapEx | 2446-50 Germantown Ave
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Turnkey Mixed-Use with $1M CapEx | 2446-50 Germantown Ave
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