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Retail Storefront with Apartments
For Sale
Contact for pricing
Pending

508 Central Avenue, Cheltenham, PA 19012

Storefront cleaner and shoe repair space plus a two-unit apartment building with private driveway, fenced 6-car lot, and two garages.

Property SizeContact for details
Days on Market148

Property Features for 508 Central Avenue

General Information

Standard status Pending
Property subtype Retail
Listing Agency: KW Real Estate Tri-County
Listed By: Chris Marie · License #PA RS342399
Source: Crexi
Added: Apr 11 Changed: Aug 14 Last Checked: Sep 4 at 11:46PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Real Estate Tri-County

Investment Insights

Based on property information with market context.

This property includes a long-running storefront cleaners and shoe repair business space and, within the same building, a two-unit apartment. The building also features a private driveway on the side that leads to the rear, where there is a fenced-in parking area for six cars and a detached two-car garage.

The basement can be accessed from the first-floor unit or from the rear of the building in the parking lot. The basement includes laundry hook-ups and substantial storage space. Each unit has its own water heater and separate meters.

For showings and inquiries, please do not disturb the tenants, customers, or the owner. Contact the listing agent directly with questions.

Key Highlights

  • Storefront cleaners & shoe repair business has been active for 30+ years
  • Building includes a 2‑unit apartment with long‑term tenants on month‑to‑month leases
  • Private side driveway leads to a fenced 6‑car parking lot plus detached 2‑car garage

Property Analytics

Current Use

Village Shoe Repair (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Real Estate Agency Bakery Parking Lot & Garage Acupuncture Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,101
Businesses Nearby
Under-served
Demand for This Use

Demographics for 19012, PA

6,699
Population
2,314
Households
2.9
Avg Household Size
40
Median Age
43%
College-Educated
90%
High-School Grad
1.7 sq mi
ZIP Area
3,941
Density / Sq Mi
$117,614
Median Household Income
$53,216
Median Earnings
$1,226
Median Rent
$320,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Unique Gifts & Flowers 6612 Rising Sun Ave Unit A, Philadelphia, PA 19111

Frequently Asked Questions

What type of property is this?
Storefront property - Storefront cleaner and shoe repair space plus a two-unit apartment building with private driveway, fenced 6-car lot, and two garages.
Where is this storefront property located?
The property is located at 508 Central Avenue Cheltenham, PA.
What are key features of this property?
This property features: Storefront cleaners & shoe repair business has been active for 30+ years; Building includes a 2‑unit apartment with long‑term tenants on month‑to‑month leases; Private side driveway leads to a fenced 6‑car parking lot plus detached 2‑car garage
More about this property
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