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    164 West Chelten Ave Philadelphia, PA 19144

    For Lease
    Contact for pricing

    Retail space with basement in Philadelphia's Germantown neighborhood.

    Property size:
    16,712 SF
    Lot size:
    0.56 Acres

    Property Features for 164 West Chelten Ave

    General Information

    Size
    16,712 SF
    Lot size
    0.56 Acres

    Source: Equity CRE Agent Nathan Rhodes

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Germantown Retail Space Available

    This retail space offers 16,040 square feet with an additional 672 square feet mezzanine, plus an approximately 18,000 square foot basement. The space is divisible and is situated beneath 30 market rent apartments. Formerly a Rite Aid, this location was ranked in the top 25 in Pennsylvania and 25% nationwide for transactions, reporting over $9 million in annual sales. The property is zoned CMX 2.5. Located near the corner of West Chelten Avenue and Wayne Avenue in the Germantown neighborhood of Philadelphia, it is steps from the Chelten Avenue Train Station and easily accessible to I-76, Germantown Avenue, and surrounding Northwest Philadelphia neighborhoods, including Mt. Airy, Chestnut Hill, and East Falls.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rite Aid Photo Passport Photo Processor Rite Aid Pharmacy Pharmacy Rite Aid Drug Store CDReload - Online Bitcoin ... Crypto Atm Coinhub Bitcoin ATM ... Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.177882
    Latitude
    40.0321847

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    FAQs

    What type of property is this?
    Retail space - Retail space with basement in Philadelphia's Germantown neighborhood.
    Where is this retail space located?
    The property is located at 164 West Chelten Ave Philadelphia, PA.
    What are key features of this property?
    This property features: - High-traffic location: Former Rite Aid ranked in the top 25% nationwide with over $9M in annual sales.; - Large, divisible space: 16,040 SF with 672 SF mezzanine plus an ±18,000 SF basement.; - Prime location: Corner of W Chelten Ave and Wayne Ave in Germantown.
    (610) 645-7700
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    Philadelphia, PA 19144
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    164 West Chelten Ave Philadelphia, PA 19144
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