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$320,000

  • For Sale
  • Active
  • Business

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LOWERED PRICE AGAIN BECAUSE THE PREVIOUS BUYER'S PRICE . The tenant has been running a Caribbean restaurant for years . The tenant still has 8 years Lease left , The tenant pays all utilities and property tax and property insurance and the business insurance too , the monthly rent is $1,500.00 now , The rent is subject increase Well renovated , looks really nice , The public parking lot is near this property , Please don't call the tenant .

Full Property Details for 5522 Germantown Ave

General

  • Price: $320,000
  • Taxes: $2,078 (2023)
  • Status: Active
  • Type: Business
  • Source: BrightMLSPhilly
  • MLS ID: PAPH1011574
  • Updated: 8/6/2024
  • Added to Site: 1, 429 day(s) ago

Business

  • Business Type: Restaurant/Bar

Parking

  • Parking Type: On Street

Location

  • Area: 19144 (19144)
  • Municipality: PHILADELPHIA
  • County: Philadelphia
  • Driving Directions: Germantown Ave

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Structural Information

  • Construction: Masonry
  • Stories/Levels: 0
  • Year Built: 1920
  • Year Built Source: Assessor

Unit Information

  • # Tenants: Single

Lot Features

  • Lot Size (Acres): 0.05
  • Lot Size (Sq. Ft.): 2,303
  • Lot Size Source: Assessor
  • Lot Dimensions: 17.50 x 131.60
  • Zoning: CMX2.

Financial Considerations

  • Price Per Sq. Ft.: $182.86
  • Assessment Year: 2023
  • School Tax: $1,140
  • City/TownTax: $938
  • City/TownTax Freq: Annually
  • Tax w/Assessment: $148,500
  • Tax Amount: $2,078
  • Tax Year: 2023

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: All equipment & Furniture for Restaurant because the tenant has been operating caribbean restaurant with a Lease contract. This is only for sale real estate.
  • Lot Number: 211

Listed by Pk Property Inc., Peter Han

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Listing agent

— 5522 Germantown Ave —

  • Peter Han

    Pk Property Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5522 Germantown Ave

School District:The School District Of Philadelphia
RatingNameGradesDistance
3
John B. Kelly School
5116 Pulaski Ave, Philadelphia, PA 19144
K-50.7 mi
2
Martin L. King High School
6100 Stenton Ave, Philadelphia, PA 19138
9-121.6 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5522 Germantown Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/12/2024
Price Reduced
$320,000
-15.57%
MLS
8/24/2021
Price Increased
$379,000
20.32%
MLS
7/14/2021
Price Reduced
$315,000
-4.26%
MLS
4/28/2021
Listed
$329,000
82.78%
MLS
9/11/2007
Sold
$180,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5522 Germantown Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,757
98%
$268,400
100%
2021
$1,902
-9%
-100%
2023
$2,079
9%
$148,500
9%
2020
$1,902
1%
$135,900
1%
2019
$1,888
—
$134,900
—
2018
$1,891
—
$135,100
—
2017
$1,887
—
$134,800
—
2016
$1,887
4%
$134,800
—
2015
$1,806
—
$134,800
—
2014
$1,806
-28%
$134,800
427%
2013
$2,501
—
$25,600
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Pk Property Inc., Peter Han

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5522 Germantown Avenue, Philadelphia, PA 19144 (MLS# PAPH1011574) is a Business property. 5522 Germantown Avenue is currently listed for $320,000 and was received on April 28, 2021. Want to learn more about 5522 Germantown Avenue? Do you have questions about finding other Business real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

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