For Sale
$649,000

135 Chelten AvePhiladelphia, PA 19144

3,840 SF Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This 3,840 square foot retail storefront, located at 135 West Chelten Avenue in Philadelphia, Pennsylvania, presents a compelling investment opportunity. The property, built in 1950 and situated on a 0.1-acre lot (APN 88-2-0728-59), is currently 100% occupied by a Pennsylvania Liquor Control Board (PLCB) liquor store under a newly extended lease. Recent renovations include new flooring, paint, a hot water heater, and the installation of new double rear doors for convenient deliveries. Further improvements encompass a new roof, updated air conditioning, and renovated restrooms. The property benefits from its location within an Opportunity Zone and boasts a strong, reliable income stream from the long-standing tenant. The asking price is $649,000, translating to $169.01 per square foot. Real estate taxes for 2023 were $3,956. The property is zoned CMX-25 and features a single-story building. This is a rare opportunity to acquire a well-maintained, income-producing retail property in a desirable location with a secure, long-term tenant. The property's strong financials, recent upgrades, and prime location make it an attractive investment for discerning buyers.

Highlights

  • Strong, long-term tenant (PLCB liquor store) currently occupying the property.
  • Recently renewed lease with established tenant provides secure income stream.
  • Consistent monthly rental income provides predictable cash flow.
  • Recent capital improvements include a new roof, HVAC system, and restrooms.
  • Located in a designated Opportunity Zone, offering potential tax advantages.
  • Annual real estate taxes: $3,956 (2023).

Property Details for 135 Chelten Ave

Property type
Retail properties, Retail space
Square Feet
3,840 SF
Year Built
1950
Stories
1
Lot Size (sq. ft)
4,356 SF

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
40.033084313291
Longitude
-75.177579791969
135 Chelten Ave, Philadelphia, Pennsylvania

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135 Chelten Ave
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