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Elfant Wissahickon Realtors Logo Active Commercial Sale Mixed-use

8616 Germantown Avenue, Philadelphia, Pennsylvania, 19118, USA

USD $3,500,000
Reference ID: PAPH2434170 Web ID: ea249
  • 9,300 square feet multi-use building

  • Four apartments including three 2-BR units

  • Large storefront retail space included

  • Two 1,182 square feet offices with private entrances

  • Green serpentine stone facade from circa 1860

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.
  • Transaction Type: Commercial Sale
  • Property Type: Mixed-use
  • Status: Active
  • Year Built: 1880
  • Lot Size: 0.14 Acres
  • Cooling: Multi Units
Map
Businesses Nearby

Boutique Chestnut Hill

(0.5 miles away)

TAVERN ON THE HILL

(0.5 miles away)

McNally's Tavern CHESTNUT HILL

(0.5 miles away)

Cake

(0.1 miles away)

Campbell's Place

(0.2 miles away)

Adelinas Restaurant & Bar

(0.3 miles away)

Chestnut Grill and Sidewalk Cafe

(0.3 miles away)

Chestnut Hill Brewing Company

(0.4 miles away)

El Poquito

(0.4 miles away)

CinCin Restaurant

(0.7 miles away)
Public Transportation

Chestnut Hill West

(0.5 miles away)

Chestnut Hill West

(0.5 miles away)

Chestnut Hill West Train Station Ticket Office

(0.5 miles away)

Chestnut Hill Loop

(0.5 miles away)

SEPTA

(0.1 miles away)

Germantown Av & Chestnut Hill Av

(0.2 miles away)

Chestnut Hill East Station

(0.3 miles away)

Chestnut Hill East

(0.3 miles away)

Highland

(0.5 miles away)

Wyndmoor

(0.6 miles away)
Airports

Northeast Philadelphia Airport

(10 miles away)

Philadelphia International Airport

(14 miles away)

Brandywine Regional Airport (KOQN)

(21 miles away)

Trenton-Mercer Airport

(25 miles away)

Lehigh Valley International Airport

(42 miles away)

Atlantic City International Airport

(55 miles away)

Harrisburg International Airport

(82 miles away)
Contact Elfant Wissahickon Realtors
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Property Highlights

  • 9,300 square feet multi-use building

  • Four apartments including three 2-BR units

  • Large storefront retail space included

  • Two 1,182 square feet offices with private entrances

  • Green serpentine stone facade from circa 1860