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8616 Germantown Ave Philadelphia, PA 19118

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For Sale
$3,000,000

Unique mixed-use property in premier Chestnut Hill location.

Lot size:
0.14 Acres

Property Features for 8616 Germantown Ave

General Information

Standard status
Active
Lot size
0.14 Acres

Building Details

Year built
1880

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Listing Contact
Catherine L Davis
Source: Exitrealty

Listing Agency: Elfant Wissahickon-Chestnut Hill Listing Agent: Catherine L Davis

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

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Overview

Historic Chestnut Hill Mixed-Use Building

This unique mixed-use building, dating back to circa 1860, presents a rare opportunity to own a piece of Chestnut Hill history. Known historically as "The Huston Dry Goods Emporium," the property is prominently positioned in the Chestnut Hill Business District at the intersection of Germantown Avenue & Bethlehem Pike, offering high exposure. The building, with over 9,300 square feet, features a green serpentine stone facade with stone sills and wood cornices, a design shared by only one other building in Philadelphia. The property includes four apartments (three 2-bedroom and one 1-bedroom), a large storefront retail space, and two offices (approximately 1182 square feet each) with private entrances in the rear annex building, which was added in 1922. The location provides convenient access to the Chestnut Hill West Regional Rail line, leading directly to Center City and 30th Street. The property's location is within walking distance of the Woodmere Art Museum, the Morris Arboretum & Gardens, the Wissahickon Valley Park, Chestnut Hill Hospital, and Chestnut Hill College. All units are currently leased with staggered expirations. The commercial corridor location allows possibilities for increased profitability as leases expire, allowing for a variety of alternate options for each unit.
Location Intelligence

Current Use by Public Records

Citizens Bank Citizens ATM Atm

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

Location Insight

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City
Philadelphia
County
Delaware
State
Pennsylvania
Longitude
-75.2083766
Latitude
40.0767912

FAQs

What type of property is this?
Mixed-use property - Unique mixed-use property in premier Chestnut Hill location.
Where is this mixed-use property located?
The property is located at 8616 Germantown Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: - Premier "Top of the Hill" location in Chestnut Hill Business District at Germantown Avenue & Bethlehem Pike, offering high exposure.; - Multi-use building with 4 apartments, a large storefront retail space, and two offices, providing diverse income streams.; - Significant potential for increased profitability by raising lease rates to market value as leases expire.
More about this property
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