Homes for sale - 8616-18 GERMANTOWN AVE, Philadelphia, PA 19118

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Davood Mossadad

[email protected] +1(571) 527-6392

Listed by Catherine L Davis • Elfant Wissahickon-Chestnut Hill

$ 4,000,000

Est. payment | -/mo

9,324 SqFt

Save

$ 4,000,000

Est. payment | -/mo

Save

9,324 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 9,324 sqft

Price per Sqft $429

MLS Listing ID PAPH2434170

Year Built 1880

Annual Tax Amount $61,603

Tax Year 2024

Lot Size 6,106 Sqft

Acres 0.14

Lot Dimensions 50.00 x 133.00

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

This unique opportunity isn't offered often. In fact, it has only had 2 owners in 70 years since known as "The Huston Dry Goods Emporium." This is your chance to own a piece of Chestnut Hill History in THE premier "Top of the Hill" location! Positioned prominently in the Chestnut Hill Business District at the intersection of Germantown Avenue & Bethlehem Pike gives it the highest exposure. This unique, multi use building of over 9,300 Sq Ft, (circa 1860), offers 4 apartments (3-2 BR, 1 -1 BR) a large store front retail space, and two generous sized offices (+/- 1182 SqFt ea) with private entrances in the rear annex building. (added 1922) According to historical records, its' green serpentine stone facade with stone sills and wood cornices, is shared by only one other building on Philadelphia. Adding to its' convenient accessibility, it sets atop the Chestnut Hill West Regional Rail line leading directly to Center City and 30th street. Chestnut Hill is rich with a diverse offering of restaurants, local businesses, and homes ranging from cottages to mansions! Chestnut Hill was featured as one of the charming residential neighborhoods on Good Morning America's "Main Street USA" series! All units are currently leased with staggered expirations. Since current owner has historically kept lease rates low, the income is well below market value and even well below a conservative income projection! The location is vibrant with a blend of modern amenities and historic gems, with added appeal for its' walkability to the beautifully expanding Woodmere Art Museum, The Morris Arboretum & Gardens, the splendid Wissahickon Valley Park, Chestnut Hill Hospital and Chestnut Hill College. This commercial corridor location allows open ended possibilities for significant increased profitability. See attached statement sheet with lease and utility information. As leases expire, this will allow a variety of alternate options for each unit. It is your time to approach this creatively and plant roots in this growing community. Showings must be set through listing agent and bank can be shown only during banking hours. Dimensions and taxes are based on city records and may not be accurate. These should be verified by buyer.

Location

State PA

County Philadelphia

Area 19118 (19118)

Zoning CMX1

Interior

Hot Water 60+ Gallon Tank

Heating Radiator, Forced Air

Cooling Other, Multi Units

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer No Septic System

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 882009200

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(571) 527-6392

[email protected]

8616-18 GERMANTOWN AVE Philadelphia, PA 19118