8616-18 GERMANTOWN AVE new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19118
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,324 sqft
Price per Sqft $536
MLS Listing ID PAPH2434170
Originating Board BRIGHT
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 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 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' proximity to Chestnut Hill Hospital, Chestnut Hill College, the beautifully expanding Woodmere Art Museum and the splendid Wissahickon Valley Park. 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 alternative 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.
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