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Mount Airy - Multi-Tenant Retail Center

$2,250,000

1909-1917 Washington Lane, Philadelphia, PA 19138

Active
Last Updated: 09/12/2023

7.17

Cap Rate

21,450 sqft

Building Size

Details:
Cap Rate:    7.17%
Building Size:    21,450 sqft
Lot Area:    0.81 acres
Occupancy:    100%
Units:    4
Year Built:    1970
Zoning:    CMX2
Floors:    1
Parking Spots:    27
Description:

KW Commercial is proud to offer this multi tenant retail shopping center as a great additions to any investor's portfolio.

Long term tenants occupy this corner, single story, stand alone, retail property with ample parking, loyal customer base,

and over 17,000 VPD,  Easy access to route 309, Old York Rd, and Germantown Pike. Propety is within an Opportunity Zone.

This property is situated on a very well known business corridor surrounded by an area made up of mainly residential homes.


Mt. Airy’s varied architecture recounts its historical roots. Structures dating back to the 18th century commingle with Victorian and 20th-century homes.

The community’s Quaker roots might be one reason Mt. Airy became a model of diversity early on. Since the 1950s, the community has earned a national reputation for welcoming families of all races, genders, religions and nationalities who share a fierce commitment to civic engagement and social activism.

Mt. Airy began as a resort for Philadelphians to get away from it all. Though the bustle increased since then, it still serves as a welcome respite from city life thanks to its lush greenery.

Now a commercial corridor, imaginative entrepreneurs are re-energizing the cobblestoned avenue with new restaurants and shops. Cozy cafes, chic galleries and small businesses line this happening main street, which draws visitors from all over the region.

Map:
Documents:
Title
+2023 Washington Ln Financial Worksheet
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Location
Gallery