For Sale
$650,000

154-56 Chelten Ave Philadelphia, PA 19144

Germantown Retail Building, QOZ, Parking

Overview

Added:
Dec 11, 2024
Days on market:
137
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

FAQs

What type of property is this?
Retail property - Germantown Retail Building, QOZ, Parking
Where is the retail property located?
The property is located at 154-56 Chelten Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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154-56 Chelten Ave
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