Mixed-Use Building for Sale/6745 Germantown Ave Philadelphia Philadelphia PA 19119

UNDER CONTRACT as of 12/16/2024 – For sale is a mixed-use property located on Germantown Ave in East Mount Airy.  The first floor is the former Mermaid Bar and the second floor has two apartments.  The bar was operational until 2020 when it closed due to COVID and never reopened.  The apartments are currently vacant.  The Mermaid Bar was family owned and operated for two generations and had an old-world charm about it.  The bar features a large bar, two bathrooms, small stage area, and access to the basement.  The bar stools, booths, and all the original fixtures are still inside but will need renovations to reopen as a functioning bar.  The apartments are in need of renovations and will require flooring, kitchens, bathrooms, and painting.  The building is in good condition and a new roof was installed November 2024.  The building is 1,765 SF and the property is 0.04 Acres.  There is a spacious fenced in backyard.  There is street parking in front of the building on Germantown Ave and along the side street.  Annual taxes for 2024 were $3,947.00.  The liquor license is available for an additional $180,000 (estimated price and subject to change).  The building is priced to sell and its current condition and the fact that it needs a lot of renovations were taken into consideration.