For Sale
$650,000

154-56 Chelten AvePhiladelphia, PA 19144

Germantown Retail Building, QOZ, Parking

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 4,448 square foot storefront located at 154-56 W Chelten Ave in Philadelphia, Pennsylvania's Germantown neighborhood. Currently 100% occupied, this single-story, 1960-built building sits on a 5,780 square foot lot and offers two parking spaces. The property boasts a clear-span interior, maximizing retail space without obstructive columns. Benefiting from a prime location with excellent visibility, the driveway shared with a neighboring PNC Bank provides corner-like exposure. The asking price is $650,000, translating to $146.13 per square foot. Zoned CMX-2.5, this property allows for significant redevelopment potential, with the possibility of adding up to 55 feet in height. The building is currently owner-occupied but will be delivered vacant upon sale. This is a valuable opportunity within a Qualified Opportunity Zone (QOZ), offering potential tax advantages for investors. The property's single-unit structure simplifies management and ownership. This is a rare chance to acquire a well-located, versatile retail space with significant upside potential in a thriving Philadelphia neighborhood.

Highlights

  • 4,448 SF storefront in Philadelphia's Germantown neighborhood.
  • 100% occupied, single-story building on a 5,780 SF lot with two parking spaces.
  • Clear-span interior, excellent visibility, and corner-like exposure due to shared driveway with PNC Bank.
  • Asking price: $650,000 ($146.13/SF). CMX-2.5 zoning allows for significant redevelopment (up to 55' height increase).
  • Delivered vacant upon sale; located in a Qualified Opportunity Zone (QOZ).

Property Details for 154-56 Chelten Ave

Property type
Retail properties, Retail space
Square Feet
4,448 SF
Year Built
1960
Buildings
1
Stories
1
Units
1

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
40.032619761906
Longitude
-75.178052768396
154-56 Chelten Ave, Philadelphia, Pennsylvania

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154-56 Chelten Ave
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