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    2421 Cheltenham Ave Elkins Park, PA 19027

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    For Sale
    $2,568,047

    Restaurant property for sale on Cheltenham Avenue, Elkins Park.

    Lot size:
    5.67 Acres

    Property Features for 2421 Cheltenham Ave

    General Information

    Lot size
    5.67 Acres

    Source: Marcus & Millichap | Philadelphia Agent Derrick Dougherty

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

    Overview

    Cheltenham Avenue Restaurant Opportunity

    This property is located on Cheltenham Avenue in Elkins Park, Pennsylvania. Currently operating as a Chick-Fil-A, this restaurant property is available for sale. It is suitable for drive-through restaurants, restaurants, and retail properties.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkins Park
    County
    Montgomery
    State
    Pennsylvania
    Longitude
    -75.1524282
    Latitude
    40.0708616

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    FAQs

    What type of property is this?
    Drive through restaurant - Restaurant property for sale on Cheltenham Avenue, Elkins Park.
    Where is this drive through restaurant located?
    The property is located at 2421 Cheltenham Ave Elkins Park, PA.
    What is the asking price?
    The asking price for this property is $2,568,047.
    What are key features of this property?
    This property features: - Chick-Fil-A restaurant; - Restaurant Property; - Commercial Property
    (215) 531-7000
    Request Owner's contact information
    2421 Cheltenham Ave Elkins Park, PA 19027
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    Elkins Park, PA 19027
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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
    2421 Cheltenham Ave Elkins Park, PA 19027
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