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    8610 Evergreen Pl Philadelphia, PA 19118

    Sponsored
    For Sale
    $850,000

    Luxury Chestnut Hill office, 2101 sq ft.

    Property size:
    2,101 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A condominium office space, located at 8610 Evergreen Pl in Philadelphia, PA 19118, presents a unique owner-user opportunity. Boasting 2,101 square feet, this vacant unit is part of a brand-new, three-story building completed in 2024. The property is zoned CMX-2, allowing for diverse business uses including executive, medical, and traditional office spaces, professional services, retail, and limited restaurant operations (ovens not permitted). The space will be delivered "white boxed," providing flexibility for build-out to meet specific business needs. Enjoy the convenience of on-site parking, including one designated owner's space, and benefit from a maintenance-free lifestyle in a vibrant Chestnut Hill location. This prime commercial space is situated in a highly desirable area, one of Philadelphia's top destinations, offering easy access to a thriving shopping district. The building features high-end Kolbe windows, a security system, and elevator service to the lower level. The asking price is $850,000, translating to $404.57 per square foot. Tax abatement is available. While the building includes eight residential units priced up to $1,350,000, this listing focuses solely on the commercial condominium unit. Occupancy is currently at 89%, with full occupancy anticipated by September 1, 2024.

    Property Features for 8610 Evergreen Pl

    General Information

    Property type
    Medical offices
    Square Feet
    2,101 SF
    Class
    A

    Building Details

    Year Built
    2024
    Stories
    3
    Units
    1

    HighLights

    • Brand new Class A condominium office space in Chestnut Hill, Philadelphia.
    • 2,101 SF vacant unit with one designated parking space.
    • Located in a prime, high‑demand area of Philadelphia.
    • Delivered "white box" for custom build‑out to suit tenant needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.206953271113
    Latitude
    40.076960572536

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    FAQs

    What type of property is this?
    Medical office - Luxury Chestnut Hill office, 2101 sq ft.
    Where is this medical office located?
    The property is located at 8610 Evergreen Pl Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Brand new Class A condominium office space in Chestnut Hill, Philadelphia.; 2,101 SF vacant unit with one designated parking space.; Located in a prime, high-demand area of Philadelphia.
    Request Owner's contact information
    8610 Evergreen Pl Philadelphia, PA 19118
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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
    8610 Evergreen Pl Philadelphia, PA 19118
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